Statoil present annual and sustainability reports for 2013

Statoil present annual and sustainability reports for 2013

Stavanger, Norway, March 21, 2014 (GLOBE NEWSWIRE) -- Statoil (OSE:STL)
(NYSE:STO) is today, 21 March, presenting on its website the company's annual
and sustainability reports for 2013, along with the US Form 20-F report.

"Our 2013 operational performance was good; with safety improvements,
production as expected and strong project execution. We delivered leading
exploration results and strengthened our reserve base," states CEO Helge Lund
in his introduction to the annual and sustainability reports.

Statoil recorded in 2013 the best exploration results in the industry measured
in conventional volumes. The Bay du Nord discovery off the coast of
Newfoundland in Canada was the world's largest conventional oil discovery by
volume in 2013. In total we added 1.25 billion barrels of oil equivalent from
exploration. A record high international production of 723,000 barrels of oil
equivalent per day, divestments that generated revenues of more than USD 4
billion and a reduction in the serious injury frequency from 1.0 per million
hours worked in 2012 to 0.8 per million hours worked in 2013, number among the
several positive features during the previous year.

"The year was marked by the terrorist attack on In Amenas on 16 January 2013,
in which forty innocent people, including 5 highly esteemed Statoil employees,
lost their lives. The investigation report published in September 2013
revealed the need for improvements in several areas within security. We have
established a specially designed security improvement programme that is now
well underway in implementing the report's recommendations and ensuring they
are integrated in the company's day-to-day security efforts," adds Lund.

Statoil's 2013 annual report includes an interactive function that enables
users to analyse the company's results in a number of ways. The sustainability
report forms part of the annual report.

"Our sustainability reporting reflects our commitment to long-term,
sustainable growth in line with the principles of the UN Global Compact."

Users may download the entire report, or part of it, at
www.statoil.com/downloads, while printed versions are obtainable from
www.statoil.com/orderreports

Contacts:
Investor relations
Hilde Merete Nafstad, SVP Investor Relations
+47 957 83 911 (mobile)

Media
Jannik Lindbæk jr., VP Media Relations,
+47 977 55 622 (mobile)

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Statutory report 2013 http://hugin.info/132799/R/1770835/602787.pdf
Annual report 2013 on Form 20 F http://hugin.info/132799/R/1770835/602788.pdf
Sustainability report 2013 http://hugin.info/132799/R/1770835/602789.pdf

HUG#1770835
 
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