Profile: Statoil ASA (STO)
29 Jul 2015
Statoil ASA (Statoil) incorporated on March 12, 1995, is a technology driven energy company. The Company is engaged in oil and gas exploration and production activities. The Company's segments include Development and Production Norway (DPN), Development and Production North America (DPNA), Development and Production International (DPI), Marketing, Processing and Renewable Energy (MPR) and Other. The DPN segment consists of its exploration, field development and operational activities on the Norwegian continental shelf (NCS). The DPI segment develops and produces oil and gas outside the NCS. The DPNA segment comprises of its upstream activities in North America. The MPR segment markets and trades crude oil, natural gas, power, emissions, liquids and refined products, for transportation and processing, and for developing business opportunities in renewables. The Other segment includes activities in Global Strategy and Business Development (GSB); Technology, Projects and Drilling (TPD), and corporate staffs and support functions.
Development and Production Norway
As of December 31, 2014, the Company had Statoil-operated assets in the North Sea, the Norwegian Sea and the Barents Sea, and it also operates a number of exploration licenses. DPN has organized the production operations into four business clusters: Operations North (Barents Sea) located in Harstad, Operations Mid-Norway (Norwegian Sea) located in Stjordal 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. The main producing field in the Operations North area is the Snohvit field. The main producing fields in the Operations Mid-Norway area are Asgard, Morvin, Kristin and Tyrihans. The main producing fields in the Operations West area are Troll, Oseberg, Gullfaks, Kvitebjorn, Visund and Grane. The main producing fields in Operations South are Sleipner, Gudrun, Snorre and Statfjord. Partner-operated fields account for approximately 13% of its total oil and gas production on the NCS. The primary producing fields are Ormen Lange, Skarv and Ekofisk.
Development and Production International
As of December 31, 2014, DPI was engaged in production in 11 countries: Algeria, Angola, Azerbaijan, Brazil, Canada, Libya, Nigeria, Russia, the United Kingdom, the United States, and Venezuela. DPI produced 39% of Statoil's total equity production of oil and gas in 2014. As of December 31, 2014, Statoil had exploration licenses in North America (Alaska, Canada, and the Gulf of Mexico), South America and sub-Saharan Africa (Angola, Brazil, Colombia, Suriname, and Tanzania), the Middle East and North Africa (Azerbaijan, Algeria and Libya), Europe and Asia (the Faroe Islands, Greenland, Indonesia, Russia and the United kingdom) as well as Oceania (Australia and New Zealand). The primary development projects in which DPI is involved are in Angola, Azerbaijan, Brazil, Canada, Ireland, the United Kingdom, and the United States.
Development and Production North America
DPNA consists of the Company's upstream activities in North America. The DPNA segment is responsible for the commercial development of the oil and gas portfolios in North America, including offshore and onshore activities in the United States and Canada.
Marketing, Processing and Renewable Energy
MPR comprises its marketing and trading of oil products and natural gas, transportation, processing and manufacturing, the development of oil and gas value chains, and renewable energy. MPR markets Statoil's own volumes and the Norwegian state's direct financial interest (SDFI) equity production of crude oil, in addition to third-party volumes, approximately 50% of all Norwegian liquids exports. MPR is also responsible for marketing SDFI's gas. MPR operates two refineries, two gas processing plants, one methanol plant and three crude oil terminals. In addition, MPR is responsible for developing transportation solutions for natural gas, liquids and crude oil from the Statoil assets including pipelines, shipping and rail.
Technology, Projects and Drilling (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.
Forusbeen 50, Postboks 8500
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