Recent discoveries on the NCS in the Barents Sea indicate that resources remain and allow the company to use existing infrastructure to fast-track production.
Statoil benefits from proximity to continental Europe, where natural gas demand is expected to increase as a result of usage for electricity generation to meet carbon emission reduction goals.
Statoil is at the forefront of innovation and use of technology in exploration and production. Reserves in harsh environments and deep water, such as the Arctic, are within the company's reach because of experience and subsea technology. Read more
With 80% of production coming from the NCS, Statoil is highly leveraged to production fields that have been in decline since 2001. Efforts to increase production from declining fields could be costly.
Exploration and production in politically sensitive areas is unpredictable, and the company's technology and expertise may not always translate to the new environments.
Statoil is a relatively new entrant into U.S. unconventional resources. Its lack of experience may result in poor performance or lackluster returns. Read more
Helge Lund has been CEO and president of Statoil since 2004. He previously served as CEO of a Norwegian oil and gas services and products company. The management team consists of the CEO and eight other individuals, including some who were previously Read more
Statoil is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the NCS, Read more
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