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Last $17.63 USD
Change Today +0.26 / 1.50%
Volume 4.3M
STO On Other Exchanges
New York
As of 8:04 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Forusbeen 50

Stavanger, 4035


Phone: 47 51 99 00 00

Fax: 47 51 99 00 50

ilisi-Ceyhan (BTC) oil pipeline that is used to transport most of the ACG oil and Shah Deniz condensate to the southern Turkish port of Ceyhan, enabling liquids to be shipped to the world's markets. The company has a 15.5% share in the South Caucasus Pipeline (SCP), which transports the Shah Deniz gas from Azerbaijan through Georgia to the eastern Turkish border. Statoil is the commercial operator of the SCP Company, responsible for commercial operations relating to SCP. The company also runs the Azerbaijan Gas Sales Company, which was established to manage gas allocation and sales to customers in Azerbaijan, Georgia and Turkey. The company has a 30% share in the Kharyaga oil field onshore in the Timan Pechora basin in north-west Russia. In the U.K., the company is a partner in two production licenses. The company has 17% interest in the Alba oil field; and 30% interest in Jupiter. International Exploration In 2014, the company carried out significant international exploration activity, as is shown by the company's involvement in 23 completed wells (including both Statoil-operated and partner-operated activities). 11 wells (exploration and appraisal) were announced as discoveries in the period, including the Piri and Giligiliani (Statoil-operated) discoveries in Tanzania. North America USA: The company operated two wells in the Gulf of Mexico (Martin and Perseus exploration wells). It is drilling the Yeti prospect. Canada: The West Hercules arrived in Canada in November 2014, for a 550 days drilling campaign. The rig has drilled a well and a sidetrack on the Bay de Verde structure adjacent to Bay du Nord. South America and sub-Saharan Africa Angola: The company acquired a solid acreage position in the pre-salt play of the Kwanza Basin in 2011 with the operatorship in Block 38 and 39 and partner position in Blocks 22, 25 and 40. Seismic 3D surveys were acquired in 2012 and the first well Dilolo-1 was spudded in Block 39 in 2014. Brazil: In December 2014 acquisition of 10000 square kilo meters of 3D seismic over the 11th bid round blocks was concluded, the company operated this campaign on behalf of all the partners. Mozambique: The Rovuma area 2 & 5 was relinquished with effect from June 2014. The 5th license round started in October 2014. The outcome of the license round is expected to be announced during the second quarter of 2015. Tanzania: In 2013, the company acquired a 12% working interest in Block 6 from operator Petrobras Tanzania Ltd. Middle East and North Africa Algeria: The company and Shell were awarded the 2730 square kilo meters Timissit Permit Licence in the Illizi-Ghadames Basin onshore Algeria in September 2014. The company would be the operator with 30% equity, Shell would hold 19% equity and the remaining 51% would be held by Sonatrach. Europe (excluding Norway), Asia and Australia U.K.: In 2014 Statoil was awarded interest in 12 exploration licenses in the UK 28th licensing round, 9 as operator. The company participated in the drilling of North Sea exploration well Kookaburra in block 28/15 in the first quarter of 2014. The well was dry. Greenland: The company, along with partners ConocoPhillips and Nunaoil, was awarded block 6 in the East Greenland license round in December 2013. The company would be operator of the block. Faroe Islands: In 2014, the company drilled the Brugdan II well in license 006 and the Sula Stelkur well in license 008. Russia: In June 2013, the company and Rosneft signed agreements that complete the contractual framework of their joint venture to explore offshore frontier areas in the Sea of Okhotsk and in the Barents Sea. Indonesia: The company is evaluating various follow-up opportunities in this license and the neighbouring Aru license. 2D seismic data acquisition in the Statoil-operated Halmahera II PSC was completed in July 2013 and data processing is ongoing. Australia: In the Ceduna sub-basin in the Great Australian Bight, the company holds 30% in four exploration permits with BP as Operator. The company drilled five wells onshore South Georgina in 2014. In October 2014, the company obtained 100% equity s


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