Statoil ASA, an energy company, engages in the oil and gas exploration and production activities. Segments The company’s segments include Development and Production Norway (DPN); Development and Production International (DPI), which combines the DPI and Development and Production USA business areas; Marketing, Midstream and Processing (MMP); and Other. DPN segment This segment is responsible for field development and operational activities on the Norwegian continental shelf (NCS). DPN has organized the production operations into four business clusters: Operations North (Barents Sea) located in Harstad, Operations Mid-Norway (Norwegian Sea) located in Stjørdal near Trondheim, Operations West (North Sea) located in Bergen, and Operation South (North Sea) located in Stavanger. Partner-operated fields cover the entire NCS and are internally included in the Operations South business cluster. DPN is also working to extend production from the company’s existing fields through improved reservoir management and the application of new technology. Operations North: The main producing fields in the Operations North area are Snøhvit and Norne. Norne is an oil field in the Norwegian Sea. The field has been developed using a floating production, storage and offloading vessel (FPSO) connected to subsea templates. Alve, Marulk, Urd and Skuld are tie-in fields connected to the Norne FPSO. Operations Mid-Norway: The main producing fields in the Operations Mid-Norway area are Åsgard, Kristin, Tyrihans and Heidrun. Operation Mid-Norway operates in a mature part of the Norwegian Sea. The Åsgard field includes the Åsgard A production and storage ship for oil, the Åsgard B semi-submersible floating production platform for gas, and the Åsgard C storage vessel for condensate. Kristin is a gas and condensate field. Operations West: The main producing fields in the Operations West area are Troll, Oseberg, Gullfaks, Kvitebjørn, Visund and Grane. Operation West produces approximately half of the company’s equity production in Norway. Its main focus is prolonging and increasing production through increased oil recovery, exploration and new field developments. Operations South: The main producing fields in Operations South are Sleipner, Gudrun, Statfjord and Snorre. Operation South represents a mature oil and gas province. Sleipner consists of the Sleipner East, Gungne and Sleipner West gas and condensate fields. Partner-operated Fields The main producing fields are Ormen Lange, Skarv and Ekofisk. The company’s partner operated fields NCS portfolio is organized under Operations South. Ormen Lange operated by Shell, is a deepwater gas field in the Norwegian Sea. The well stream is transported to an onshore processing and export plant at Nyhamna. Skarv is an oil and gas field located in the Norwegian Sea, with BP as operator. The field development includes a floating production, storage and offloading vessel (FPSO) and five subsea multi-well installations. Ekofisk is operated by ConocoPhillips. It consists of the Ekofisk, Eldfisk and Embla fields, and Tor. The Eldfisk II project delivered a new PDQ platform early 2015 that will serve as Eldfisk field center. Edvard Grieg is an oil field located in the Utsira High Area. The field development includes a fixed steel jacket with processing and export facilities. Edvard Grieg is operated by Lundin. Two wells were ready at start-up. Drilling will continue and a total of 10 production wells and 4 injection wells are planned. Exploration on the NCS North Sea: In the North Sea, the company participated in 14 exploration wells. The company operated 10 of the exploration wells with 7 discoveries. Norwegian Sea: In the Norwegian Sea, the company participated in six exploration wells. The company operated five of the exploration wells with three discoveries. Barents Sea: One partner operated well was completed in 2015. Fields under Development on the NCS In 2015, the company started the world’s first subsea gas compression plant at the Åsgard field. The Gullfaks South Oil (GSO) project started production in July 2015 and will increase recovery from the Gul
statoil asa-spon adr (STO:New York)
Phone: 47 51 99 00 00
Fax: 47 51 99 00 50www.statoil.com
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for STO.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact STATOIL ASA-SPON ADR, please visit www.statoil.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.