Statoil Profit More Than Doubles on Asset Sales, Oil Prices

Statoil Profit More Than Doubles on Asset Sales, Oil Prices

Arild Oanes/Transocean/Statoil via Bloomberg

Statoil's ambitions were bolstered last year by finds such as the Johan Sverdrup deposit in the North Sea, which may hold 3.3 billion barrels of oil equivalent, as well as finds in the Barents Sea.