I, Hans Jakob  Hegge, certify that: 

- I have reviewed this annual report on Form  20-F/A of Statoil ASA;   
- Based on my knowledge, this report does not  contain any untrue statement of a material fact or omit to state a material  fact necessary to make the statements made, in light of the circumstances under  which such statements were made, not misleading with respect to the period  covered by this report;   
- Based on my knowledge, the financial statements,  and other financial information included in this report, fairly present in all  material respects the financial condition, results of operations and cash flows  of the company as of, and for, the periods presented in this report;   
- The company’s other certifying officer and I are  responsible for establishing and maintaining disclosure controls and procedures  (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control  over financial reporting (as defined in Exchange Act Rules 13a-15(f) and  15d-15(f)) for the company and have: 
Designed  such disclosure controls and procedures, or caused such disclosure controls and  procedures to be designed under our supervision, to ensure that material  information relating to the company, including its consolidated subsidiaries,  is made known to us by others within those entities, particularly during the  period in which this report is being prepared; 
Designed  such internal control over financial reporting, or caused such internal control  over financial reporting to be designed under our supervision, to provide  reasonable assurance regarding the reliability of financial reporting and the  preparation of financial statements for external purposes in accordance with  generally accepted accounting principles; 
Evaluated  the effectiveness of the company’s disclosure controls and procedures and  presented in this report our conclusions about the effectiveness of the  disclosure controls and procedures, as of the end of the period covered by this  report based on such evaluation; and 
Disclosed  in this report any change in the company’s internal control over financial  reporting that occurred during the period covered by the annual report that has  materially affected, or is reasonably likely to materially affect, the  company’s internal control over financial reporting; and   

- The company’s other certifying officer and I  have disclosed, based on our most recent evaluation of internal control over  financial reporting, to the company’s auditors and the audit committee of the  company’s board of directors (or persons performing the equivalent functions): 
All  significant deficiencies and material weaknesses in the design or operation of  internal control over financial reporting which are reasonably likely to  adversely affect the company’s ability to record, process, summarize and report  financial information; and 
Any  fraud, whether or not material, that involves management or other employees who  have a significant role in the company’s internal control over financial  reporting. 

Date:       12 April 2016

By:          /s/ Hans Jakob Hegge                                       Name:     Hans Jakob Hegge  Title:      Executive Vice President and Chief  Financial Officer