Statoil ASA (STO.N) Company Profile | Reuters.com
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Profile: Statoil ASA (STO.N)

STO.N on New York Stock Exchange

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29 Jun 2016
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Statoil ASA, 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 USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other. DPN comprises upstream activities on the Norwegian continental shelf (NCS). DPUSA comprises its upstream activities in the United States and Mexico. DPI is engaged in the development and production of oil and gas outside the NCS. MMP comprises marketing and trading of oil products and natural gas, transportation, processing and manufacturing, and the development of oil and gas value chains. NES is responsible for wind parks, carbon capture and storage, as well as other renewable energy and low-carbon energy solutions. The Other reporting segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.

Development and Production Norway

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 are Snohvit and Norne. The main producing fields in the Operations Mid-Norway area are Asgard, Kristin Tyrihans and Heidrun. 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 11% of its total oil and gas production on the NCS. The primary producing fields are Ormen Lange, Skarv and Ekofisk.

Development and Production USA

The Company's DPUSA segment serves in the United States and Mexico. It serves the deep water regions of the Gulf of Mexico and unconventional oil and gas in the United States.

Development and Production International

The Company's DPI segment is engaged in production in various countries, which include Algeria, Angola, Azerbaijan, Brazil, Canada, Ireland, Nigeria, Russia, the United Kingdom, the United States and Venezuela. It has exploration licenses in North America (Canada and the United States), South America and sub-Saharan Africa (Angola, Brazil, Colombia, Mozambique, Nicaragua, Suriname, South Africa and Tanzania), North Africa (Algeria and Libya), Europe and Asia (Azerbaijan, Greenland, Indonesia, Myanmar, Russia and the United Kingdom), as well as Oceania (Australia and New Zealand). The main development projects in which DPI is involved are in Brazil, Canada, the United Kingdom and the United States.

Marketing, Midstream and Processing

The Company's MMP segment operates approximately two refineries, over two gas processing plants, approximately one liquefied natural gas (LNG) plant, over one methanol plant and approximately three crude oil terminals. In addition, MMP develops transportation solutions for natural gas, liquids and crude oil from the Company's assets, including pipelines, shipping, trucking and rail. The Company's liquids marketing and trading business is responsible for commercial optimization of the Mongstad and Kalundborg refineries, as well as crude terminals located at Mongstad, Sture and South Riding Point in the Bahamas. MMP is also responsible for the Company's liquefied petroleum gas (LPG) liftings at the Sture terminal, as well as the Company's naphtha lifting from Karsto and Braefoot Bay, liftings of LPG from Karsto, Mongstad, Braefoot Bay and Teesside terminals in addition to marketing of condensate and LPG from the In Amenas field In Algeria. The Company lifts waterborne ethane from Karsto and Teesside, condensate from Nyhamna, and condensate and LPG volumes from Melkoya. In addition, MMP markets equity crude oil, condensate and natural gas liquids (NGL) production from Statoil's unconventional assets in North America.

New Energy Solutions

NES operates wind parks and offers carbon capture and storage. It also offers renewable energy and low-carbon energy solutions.

Other

The Company's TPD business activities are organizes into various clusters, which include Research, Development and Innovation (RDI); Technology Excellence (TEX); Projects (PRO); Drilling and Well (D&W), and Procurement and Supplier Relations (PSR). RDI offers research and technology development. RDI is organized in four research programmes: Exploration, Mature area developments and improved oil recovery, Frontier developments and Un-conventionals. TEX delivers technical expertise to projects, business developments and assets. PRO plans and executes major facilities development, modification and field decommissioning projects. D&W providing advice to the Company's drilling and well operations. PSR manages the Company's supply chain. GSB's business activities are organized in various areas, which include corporate strategy and analysis; Political Analysis; Corporate Sustainability; Business Development Origination; Mergers, Acquisitions and Divestments, and Project Support and Execution.

Company Address

Statoil ASA

Forusbeen 50, Postboks 8500
STAVANGER     4035
P: +4751.990000
F: +4751.990050

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