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Statoil Norway

Norway

Address: Forusbeen 50 4035 Stavanger Norway

Tel: +47 51 99 00 00

Web: www.statoil.com

Company description

Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Norway with approx. 21,000 employees worldwide, and are listed on the New York and Oslo stock exchanges. The Statoil way The way we work is as important as the goals we achieve. We believe that competitive returns for our shareholders are best achieved through a values-based performance culture, stringent ethical requirements and a code of conduct which promotes personal integrity. We set absolute requirements for health, safety and the environment (HSE). We aim to meet the demand for energy which is necessary for further economic and social development, while showing consideration for the environment and making an active effort to fight global climate change. Safe and efficient operations are our first priority. We have won great renown for our technical safety monitoring system and our safe behaviour programme. We are convinced that all accidents can be avoided, and our goal is always to achieve zero personal injuries. We emphasise continuous work for an improved HSE performance in all our activities. We focus on contributing to sustainable development via our core activities in the countries in which we operate. We are committed to openness and anti-corruption work, and to respect for human rights and employee rights. That applies both to our own activities and to those parts of the value chain over which we have significant influence.

Products and services

Statoil is the largest operator on the Norwegian Continental Shelf, with 60% of the total production. The fields operated are Brage, Heimdal, Grane, Glitne, Gullfaks, Heidrun, Huldra, Kristin, Kvitebjørn, Mikkel, Njord, Norne, Ormen Lange, Oseberg, Sleipner, Snorre, Snøhvit, Statfjord, Sygna, Tordis, Troll, Veslefrikk, Vigdis, Visund, Volve and Åsgard. The company also has processing plants at Kolsnes, Kårstø, Mongstad, Tjeldbergodden and Melkøya. In April 2011, Statoil announced a large new find at the Skrugard prospect in the northern Norwegian Sea (Barents Sea in Statoil terminology) north of the Snøhvit field off Hammerfest. The find was seen as a key find as it could lead to more finds in the region[9] In September 2011 the company announced a large new find at its Aldous Major South prospect on the Norwegian continental shelf. It later amended its estimates up to between 900 million and 1.5 billion barrels of recoverable oil, making it one of the largest ever finds on the shelf.[10] The discovery was made less than 10 feet (3 metres) from where Elf Aquitaine had drilled a dry well in 1971
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