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Statoil is an integrated international oil company, owned by the Norwegian state. The group has activities in 20 countries. Statoil's position as an oil company is rooted in oil and gas reserves off Norway. The company ranks as the leading player on the Norwegian continental shelf, as operator for two of Norway's biggest offshore oil and gas fields, the Statfjord and Gullfaks fields, and from 1996 we will operate the world's largest offshore gas field, the Troll field. The group plays the principal role in selling Norwegian gas, as chair of the Gas Negotiating Committee, as a partner in the main gas fields and as the operator of gas pipelines.
Statoil's objective
The group's ambition is to be a strong long-term player in the international oil industry through continuous improvement in its pursuit of existing operations and by developing profitable new business opportunities. Experience from operations on the Norwegian continental shelf makes a decisive contribution to Statoil's international competitiveness. Statoil's objective is to obtain about a third of its net supply of oil from areas outside the Norwegian continental shelf by about 2010.
Statoil is an operator for the Troll gas field on the Norwegian continental shelf, the world's biggest off-shore gas field.
International collaboration
The group collaborates with international oil companies in exploring for and producing oil and gas internationally. Statoil and British Petroleum have formed a strategic alliance covering international exploration and production, research and development, and gas marketing in the UK. The two companies are cooperating in West Africa, Vietnam, Kazakstan and Azerbaijan. As members of a large international consortium, Statoil and BP have succeeded in securing a production sharing agreement with the authorities in Azerbaijan for the unitised Azeri, Chirag and Guneshli fields in the Caspian. This agreement provides Statoil with oil reserves totalling 252 million barrels. Statoil has subsidiaries in the UK, Denmark and Thailand covering exploration and production activities.
Technological advances
Statoil works in a technologically demanding business. The company's ability to succeed depends on remaining in the technological forefront. The Statfjord offshore field is a good example. Through a combination of technology and human ingenuity, the company has recovered up to 70% of the field's resources. By improved technology, other fields are also producing far more than expected. Effective reservoir management, new recovery techniques and drilling technologies such as extended-reach and horizontal wells are helping to recover more of the oil reserves in a profitable manner. New methods for gathering seismic data have been developed at Statoil's Research Centre, which allow the company to identify oil and gas reserves with greater accuracy, and thereby to site exploration wells in such a way that the risk of dry wells is reduced.
Statoil ranks as the leading player on the Norwegian continental shelf, as operator for two of Norway's biggest offshore oil and gas fields, the Statfjord (picture) and Gullfaks fields.
Scandinavia's largest petrol retailer
The Statoil group is Scandinavia's largest retailer of petrol, with 25% of the petrol market. At the end of 1994, Statoil had 2,200 service stations in 10 countries and two refineries, one in Norway and one in Denmark.
Statoil is the world's third largest net trader of crude oil, with trade offices in the USA, Singapore, London and Norway. The group has also become the leading supplier of feedstock to Europe's petrochemicals industry. Statoil ranks as the world's largest operator of shuttle tankers.
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Offshore loading
Based on operational experience from the Norwegian offshore Statfjord and Gullfaks fields, the company has improved technology for offshore loading in collaboration with Norwegian industry. New solutions cut costs, reduce downtime and make offshore loading possible during bad weather.
The new offshore loading technology will be applied as a solution for making production ships more competitive. Production wells on the seabed are connected to the ship via an advanced swivel installed in the hull to handle the wellstream. Installing processing equipment gives a floating mobile production facility and allows a find to come on stream soon after it has been discovered. The unique feature of this multi-purpose ship lies in its ability to shift between roles as a conventional tanker, a shuttle tanker or a production ship. The first multi-purpose ship has been ordered by Statoil in partnership with the Bergesen d.y. shipping company.
Borealis
Statoil and Finland's Neste group own a 50-50 basis in Borealis, which is a joint petrochemicals company. Borealis is headquartered in Copenhagen and ranks as Europe's largest producer of polyolefins.
The group has production sites in eight countries, and sales offices in 16 countries, in the USA, Europe and Asia.
Statoil is an operator for the Troll gas field on the Norwegian continental shelf, the world's biggest off-shore gas field.
Statoil ranks as the leading player on the Norwegian continental shelf, as operator for two of Norway's biggest offshore oil and gas fields, the Statfjord (picture) and Gullfaks fields.
The new offshore loading technology
will be applied as a solution for making
production ships more competitive.
This new technology will be used on
the Norwegian Nome field
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