Last $18.62 USD
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Company Description

Contact Info

Forusbeen 50

Stavanger, 4035


Phone: 47 51 99 00 00

Fax: 47 51 99 00 50

Asia: The company’s production in Europe and Asia encompasses Azerbaijan, Russia and the United Kingdom. The company has an 8.6% stake in the Azeri-Chirag-Gunashli (ACG) oil field and a 25.5% share in the Shah Deniz gas and condensate field. The company has an 8.7% stake in the 1,760 kilo meters Baku-Tbilisi-Ceyhan (BTC) oil pipeline. The company has a 25.5% share in the South Caucasus Pipeline, which transports the Shah Deniz gas from Azerbaijan through Georgia to the eastern Turkish border. 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 Alba oil field (Statoil interest 17%) is located in the central part of the UK North Sea and is operated by Chevron. Jupiter is a gas field located in the southern part of the UK North Sea. The company has 30% interest in Jupiter. International Exploration North America USA: The company operated two wells in the Gulf of Mexico (Candy Bars exploration well and Logan appraisal well), which were dry, and participated in four additional partner operated wells, of which the appraisal well Vito 2 SW Sidetrack was a discovery. Canada: The Bay du Nord oil discovery is located approximately 500 kilometers northeast of St. John's, Newfoundland and Labrador. With a few wells drilled in a large area, totaling approximately 8,500 square kilometers, more work is required. South America and sub-Saharan Africa Angola: The company has acquired a key position in the pre-salt play of the Kwanza basin. In 2013, the company (with Total and BP) completed a large 3D survey across its licenses in the Kwanza basin offshore Angola. The survey covers 26,300 square kilometers, equivalent to most of the Norwegian sector of the North Sea, or approximately 70 blocks on the NCS. Brazil: In 2013, the company was awarded six licenses offshore Brazil. The company has purchased Vale's 25% share in the BM-ES-22A license. Mozambique: The company farmed down a 25% working interest in its operated exploration license offshore Mozambique during the first quarter to Japan-based INPEX Mozambique, Ltd. The blocks are located in a frontier area with a water depth varying between 300 and 2,500 meters. The area covers 8,041 square kilometers. Tanzania: In 2013, the company acquired a 12% working interest in Block 6 from operator Petrobras Tanzania Ltd. Block 6 covers 5,549 square kilometers in the Mafia basin offshore Tanzania, with a water depth of 1,800 meters. Block 6 is located approximately 170 kilometers north of the Statoil-operated Block 2, where the company made further gas discoveries in 2012 and 2013. Middle East and North Africa Europe (excluding Norway), Asia and Australia U.K.: The company's interests range from 20% to 60% and the company is the operator for three of the licenses, in addition to shared operatorship with Nexen on one license. In 2014, the company would participate in the drilling of two UK North Sea exploration wells. Greenland: The company, along with partners ConocoPhillips and Nunaoil, was awarded block 6 in the East Greenland license round in 2013. The company would be operator of the block. The license has a 16-year exploration period. Russia: In 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. The requirements for the four offshore licenses operated by the Rosneft-Statoil joint-venture include the drilling of six exploration wells in the period from 2016 to 2021. Indonesia: The Cikar-1 well in the West Papua IV license was temporarily suspended by the operator Niko in 2013 and is still under evaluation. Australia: In 2013, the company signed a farm-in agreement with BP, acquiring a 30% equity share in four licenses in the frontier Ceduna Sub Basin within the Great Australian Bight, off the coast of South Australia, where BP previously held 100%. In 2013, the company took over as operator, acquiring an 80% equity share from PetroFrontier, in four unconventional exploration l


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