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Last $14.00 USD
Change Today +0.16 / 1.16%
Volume 4.2M
STO On Other Exchanges
New York
As of 8:04 PM 02/5/16 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

NGL. The main crude oil market for the company is north-west Europe. The company is responsible for its crude and liquefied petroleum gas (LPG) liftings at the Sture terminal, as well as its naphtha lifting from Kårstø and Braefoot Bay, liftings of LPG from Kårstø, Mongstad, Braefoot Bay and Teeside terminals in addition to condensate and LPG from the In Amenas field In Algeria. In addition, the company markets equity crude oil, condensate and NGL production from its unconventional assets in North America. They include the Alberta oil sands, Bakken, Eagle Ford, and Marcellus. Asset Management The Asset Management business cluster is the owner of all mid- and downstream assets in Statoil, ranging from refineries to pipelines, storage terminals, shipping activities and other infrastructure lease commitments. Asset Management business cluster is responsible for securing flow assurance for gas and oil to bring production to the markets. This includes management and development of existing assets and contracts as well as being responsible for the company’s mid and downstream investment projects. Production Plants Asset Management business cluster is the owner of the company’s two refineries in Norway and Denmark and a combined heat and power plant in Norway. Asset Management business cluster manages the company’s majority ownership share of a methanol production plant, as well as its minority share in a NGL and condensate processing facility. Mongstad The company holds 100% ownership and is operator of the Mongstad refinery in Norway. The company owns 34% of Vestprosess, which transports and processes NGL and condensate. The Vestprosess pipeline connects the Kollsnes and Sture plants to Mongstad. The company is the owner of Mongstad Heat and Power Plant, which produces electrical heat and power from gas received from Kollsnes and from the refinery. Kalundborg The company holds 100% ownership and is operator of the Kalundborg refinery in Denmark, which has a crude oil and condensate distillation capacity of 108,000 barrels per day. Tjeldbergodden The company has an ownership interest of 81.7% in Statoil Metanol ANS at Tjeldbergodden. In addition, it holds a 50.9% ownership interest in Tjeldbergodden Luftgassfabrikk DA. Sture The Sture terminal receives crude oil in two pipelines from the Oseberg area and the Grane field in the North Sea. The terminal is part of the Oseberg Transportation System (Statoil interest 36.2%). The processing facilities at Sture stabilise Oseberg crude oil and recover LPG mix (propane and butane) and naphtha. Oseberg Blend and Grane crude qualities and LPG mix are exported. Renewable Energy The company’s renewable energy business focuses on developing business in areas where it has a competitive edge as a result of its offshore oil and gas expertise. Other Group The Other segment includes activities in Global Strategy and Business Development (GSB); Technology, Projects and Drilling (TPD); and corporate staffs and support functions. GSB GSB sets the strategic direction for the company and identifies, develops and delivers business opportunities. GSB's business activities are organised in various areas, such as corporate strategy and analysis; political analysis; corporate sustainability; business development origination; mergers, acquisitions and divestments; and project support and execution. TPD TPD business area is responsible for delivering projects and wells and providing global support on standards and procurement. TPD is also responsible for developing Statoil as a technology company. The TPD's business activities are organised in various business clusters including research, development and innovation (RDI); technology excellence (TEX); projects; drilling and well (D&W); and procurement and supplier relations (PSR). RDI is responsible for carrying out research and technology development to meet Statoil's business needs in a short-and long term perspective. RDI is organised in four research programmes closely aligned with Statoils technology strategy: Exploration, mature area developments and IOR, Frontier developments an


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