|Exchange:||New York Stock Exchange|
|Industry:||Oil & Gas Integrated|
|Statoil ASA was incorporated on 18 September 1972.The Company is an integrated oil and gas company, which is engaged in the exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products. It has operations in 35 countries. The Company’s operations are managed through the following business areas: Development and Production Norway (DPN), Development and Production International (DPI), Development and Production North America (DPNA), Marketing, Processing and Renewable Energy (MPR), Technology, Projects and Drilling (TPD), Exploration (EXP), and Global Strategy and Business Development (GSB). It has 42 Statoil-operated assets in the North Sea, the Norwegian Sea and the Barents Sea, and it also operates a significant number of exploration licences. The Company encounters competition from other oil and natural gas companies in all areas of its operations, including the acquisition of licences, exploratory prospects and producing properties. Statoil is subject to a wide variety of HSE laws and regulations concerning its products, operations and activities.|
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