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Last $17.83 USD
Change Today +0.24 / 1.36%
Volume 68.8K
As of 9:34 AM 04/1/15 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

icenses, onshore in the Northern Territory. New Zealand: In 2013, the company obtained 100% equity share in an exploration permit in the Reinga-Northland Offshore Release Area in the New Zealand Block Offer 2013. The permit covers approximately 10,000 square kilometers and is located approximately 100 kilometers from shore to the west of New Zealand's North Island, in water depths ranging from 1,000 to 2,000 meters. Fields under Development Internationally North America: The company has various ongoing development projects in North America. USA Gulf of Mexico: The company has 25% interest in Tahiti Phase 2. It has a 25% working interest in the Jack oil field and a 21.5% working interest in St. Malo oil field, located in Walker Ridge. The company has a 27.5% interest in Big Foot located in Walker Ridge block 29. The company has a 50% working interest in the Julia field located in Walker Ridge area of the Gulf of Mexico, which comprises five blocks. The company has a 12% interest in Heidelberg located in Green Canyon block 859. Canada: In Canada, the company has a 60% interest and is the operator of the KKD Oil Sands Partnership. In 2014, the company and PTTEP signed an agreement to divide their respective interests in the KKD oil sands project in Alberta, Canada. The company has a 10.5% interest in the Exxon-operated Hibernia tie-in project (a satellite of Hibernia) where all wells are expected to be on stream in 2014. Offshore Newfoundland, the company has a 9.7% interest in the Exxon-operated Hebron field located in the Jeanne d'Arc basin near the other partner-operated fields Terra Nova and Hibernia. South America In January 2014, the company approved the concept selection for the development of the second phase of the Peregrino oil field. Peregrino Phase II project includes the Peregrino South and South West discoveries. Sub-Saharan Africa In 2013, Statoil had various ongoing field development projects in Angola. Angola: In Block 17, Angola, the CLOV project consists of the Cravo, Lirio, Orchidea and Violeta discoveries. Block 17 is operated by Total, and the company holds a 23.3% interest. In Block 15, Angola, the Kizomba Satellites phase 2 project consists of the discoveries Bavuka, Kakocha, and Mondo South. The phase 2 project includes subsea tiebacks to existing Kizomba B and Mondo FPSO vessels. Block 15 is operated by Esso Angola, a subsidiary of ExxonMobil, with the company holding a 13.3% interest in this block. In Block 15/06, Angola, the West Hub, which is the first development project on this block, was approved in 2010. The project comprises various oil discoveries which would be produced over an FPSO. Middle East and North Africa: In 2013, the company’s field development in the Middle East and North Africa was focused on Algeria. The company has a 45.9% working interest in In Amenas. Europe and Asia: In Europe and Asia, the company is participating in the planning and development of projects in Azerbaijan, the United Kingdom, Russia, and Ireland. Azerbaijan: In December 2013, the company and its partners in the Shah Deniz consortium made the final investment decision for the development of the Stage 2 development of the Shah Deniz gas field in Azerbaijan and expansion of the South Caucasus Pipeline through Azerbaijan and Georgia. The stage 2 project includes offshore drilling and completion of 26 subsea wells, and the construction of 2 bridge-linked platforms. First gas from stage 2 is targeted for late 2018. Statoil has a 25.5% interest in Shah Deniz. United Kingdom: The company is the operator for the Mariner heavy oil project and holds a 65.1% interest. The company is the operator for, and holds an 81.6% interest in Bressay. Bressay is also a heavy oil discovery. Investment decision on Bressay has been postponed and alternative development solutions are under evaluation. Ireland: The company has a 36.5% interest in the Corrib gas field operated by Shell, which is being developed as a subsea tie back to an onshore processing facility. MPR MPR is responsible for the marketing and trading of crude oil, natural gas, liquids and refined produc


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