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May 28, 2015 9:13 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Statoil (U.K.) Limited

Company Overview

Statoil (U.K.) Limited explores, develops, produces, markets, and supplies natural gas and crude oil. The company explores and produces oil and gas from the United Kingdom Continental Shelf, including Atlantic Margin, as well as in trading and marketing of gas to large industrial customers in Europe. The company was incorporated in 1976 and is headquartered in London, United Kingdom. Statoil (U.K.) Limited operates as a subsidiary of Statoil ASA.

One Kingdom Street

London,  W2 6BD

United Kingdom

Founded in 1976

Phone:

44 20 3204 3200

Fax:

44 20 3204 3600

Key Executives for Statoil (U.K.) Limited

Managing Director
Managing Director and Executive Vice President of Natural Gas Business Area
Senior Vice President of Trading & Operations
Compensation as of Fiscal Year 2014.

Statoil (U.K.) Limited Key Developments

Statoil UK Limited Announces Contracts for Supply Base and Warehousing Services for the Mariner Field to Asco UK Limited

Statoil UK Limited has awarded contracts for supply base and warehousing services for the Mariner field to Asco UK Limited. The supply base and warehousing facility for Mariner will be operated by Asco from Peterhead, north of Aberdeen. The scopes awarded encompass the provision of supply base services, including personnel, local transportation, marine gas oil, quayside services and a nearby warehousing facility. Asco will perform the services for the Mariner field under two five year contracts, anticipated to start during the first quarter of 2016. The contracts also include 2 x 2 year extension options. The Statoil operated Mariner field, located approximately 150 kilometers east of the Shetland Isles, is currently under development and production is scheduled to start in 2017. The development concept includes a production, drilling and quarters (PDQ) platform based on a steel jacket and a floating storage unit (FSU). Drilling will be carried out from the PDQ drilling rig, with a jack-up rig assisting for the initial years. In the period when both the PDQ and the jack-up are drilling Mariner wells, the field will require at least five sailings a week from the Peterhead supply base.

Xcite Energy Resources Limited Enters Collaboration Agreement with Statoil (U.K.) Ltd. and Shell U.K. Ltd

Xcite Energy announced that Xcite Energy Resources Ltd. (XER) has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. (Statoil) and Shell U.K. Ltd. (Shell), which allows all the Parties to make available and share field- specific technical and operational information for the evaluation of potential synergies and collaboration between the Bentley and Bressay Fields. A joint XER, Statoil and Shell team will work together to analyse the current available information and develop a number of proposals for assessment, including the potential utilisation of common infrastructure, assets and operational solutions during the phased development of the Bentley Field and the future development of the Bressay Field. XER believes that collaboration in a number of key areas, along with a coordinated approach to an area development, will realise a number of mutual opportunities which have the potential to benefit all stakeholders.

Xcite Energy Resources Ltd Enters into a Collaboration Agreement with Statoil (U.K.) Ltd. and Shell U.K. Ltd

Xcite Energy announced that its subsidiary, Xcite Energy Resources Ltd. has entered into a collaboration agreement with Statoil (U.K.) Ltd. and Shell U.K. Ltd. which allows all the Parties to make available and share field-specific technical and operational information for the evaluation of potential synergies and collaboration between the Bentley and Bressay Fields. A joint XER, Statoil and Shell team will work together to analyse the current available information and develop a number of proposals for assessment, including the potential utilisation of common infrastructure, assets and operational solutions during the phased development of the Bentley Field and the future development of the Bressay Field.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2014
15.5% in Shah Deniz, 15.81% in South Caucasus Pipeline, 12.4% in Azerbaijan Gas Supply
 

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