natgillin/translations-raw huggingface dataset:
2016 was another challenging year for the oil and gas industry, but we have worked hard to position Statoil well for the future.
2016 was another challenging year for the oil and gas industry, but we have worked hard to position Statoil well for the future.
Safety and security are our top priorities in Statoil.
Safety and security are our top priorities in Statoil.
And while 2016 was a year of many achievements, we also experienced the worst thinkable.
And while 2016 was a year of many achievements, we also experienced the worst thinkable.
We had a contractor fatality during construction work in South Korea, and on 29 April we lost 13 colleagues when a helicopter crashed near Bergen.
We had a contractor fatality during construction work in South Korea, and on 29 April we lost 13 colleagues when a helicopter crashed near Bergen.
We are not satisfied with this development and have taken several steps to reinforce safety measures throughout the company.
We are not satisfied with this development and have taken several steps to reinforce safety measures throughout the company.
We have set a new target of USD 1 billion in cost savings for 2017.
We have set a new target of USD 1 billion in cost savings for 2017.
Production for the full year was 1,978 mboe per day, a slight increase from 2015.
Production for the full year was 1,978 mboe per day, a slight increase from 2015.
Our reserve-replacement ratio (RRR) was 93%.
Our reserve-replacement ratio (RRR) was 93%.
“High value, low carbon” is at the core of our sharpened strategy, which sets clear principles for the development of a distinct and competitive portfolio.
“High value, low carbon” is at the core of our sharpened strategy, which sets clear principles for the development of a distinct and competitive portfolio.
We believe the winners in the energy transition will be those who can deliver at low cost and with low carbon emissions.
We believe the winners in the energy transition will be those who can deliver at low cost and with low carbon emissions.
We intend to be part of this transformation, and our Climate roadmap explains how we plan to achieve this and how we will capture business opportunities in the transition to a low-carbon economy.
We intend to be part of this transformation, and our Climate roadmap explains how we plan to achieve this and how we will capture business opportunities in the transition to a low-carbon economy.
Annual Report and form 20-F 2016 PDF 10 MB
Annual Report and form 20-F 2016 PDF 10 MB
Sustainability report 2016
Sustainability report 2016
Årsrapport, 2016 PDF 12 MB
Årsrapport, 2016 PDF 12 MB
Order printed reports (2016)
Order printed reports
FORM 20F PDF 5 MB
FORM 20F PDF 5 MB
STATUTORY REPORT PDF 3 MB
STATUTORY REPORT PDF 3 MB
ÅRSRAPPORT PDF 3 MB
ÅRSRAPPORT PDF 3 MB
All downloads 2015
All downloads 2015
FORM 20F PDF 8 MB
FORM 20F PDF 8 MB
STATUTORY REPORT PDF 5 MB
STATUTORY REPORT PDF 5 MB
ÅRSRAPPORT PDF 5 MB
ÅRSRAPPORT PDF 5 MB
All downloads 2014
All downloads 2014
Earlier reports
Earlier reports
Annual reports dating back to 1972 are available for download from our archive.
Annual reports dating back to 1972 are available for download from our archive.
Annual Reports 1972—2016
Annual Reports 1972—2016
Statoil Forsikring Annual Reports
Statoil Forsikring årsrapporter
Whom to contact in Investor Relations in Statoil
Whom to contact in Investor Relations in Statoil
For specific enquiries that must be addressed to our Investor Relations department, please call +47 51990000 or send e-mail to irpost@statoil.com.
For specific enquiries that must be addressed to our Investor Relations department, please call +47 51990000 or send e-mail to irpost@statoil.com.
For all other enquiries, please contact your local Statoil office or our general enquiry line.
For all other enquiries, please contact your local Statoil office or our general enquiry line.
Peter Hutton Senior vice president Statoil, Norway Investor Relations
Peter Hutton Senior vice president Statoil, Norway Investor Relations
phutt@statoil.com +44 7881 918 792
phutt@statoil.com +44 7881 918 792
Lars Valdresbråten IR Officer Statoil, Norway Investor Relations
Lars Valdresbråten IR Officer Statoil, Norway Investor Relations
lava@statoil.com +47 402 81 789
lava@statoil.com +47 402 81 789
Ieva Ozola IR Officer Statoil, USA Investor Relations
Ieva Ozola IR Officer Statoil, USA Investor Relations
ioz@statoil.com +1 281 730 6014
ioz@statoil.com +1 281 730 6014
Erik Gonder IR Officer Statoil, Norway Investor Relations
Erik Gonder IR Officer Statoil, Norway Investor Relations
ergon@statoil.com +47 995 62 611
ergon@statoil.com +47 995 62 611
Marius Javier Sandnes Senior consultant Statoil, Norway Investor Relations
Marius Javier Sandnes Senior consultant Statoil, Norway Investor Relations
mjsan@statoil.com +47 901 55 093
mjsan@statoil.com +47 901 55 093
Anca Jalba IR Officer Statoil, Norway Investor Relations
Anca Jalba IR Officer Statoil, Norway Investor Relations
ancj@statoil.com +47 410 87 988
ancj@statoil.com +47 410 87 988
Morten Sven Johannessen Vice president Statoil, USA Investor Relations
Morten Sven Johannessen Vice president Statoil, USA Investor Relations
mosvejo@statoil.com +1 203 570 2524
mosvejo@statoil.com +1 203 570 2524
Information for analysts
Information for analysts
These numbers become a proxy for the market's expectations of our results.
These numbers become a proxy for the market's expectations of our results.
Historical production XLSX 834 KB
Historical production XLSX 834 KB
Turnarounds
Turnarounds
Sustainability data tables
Sustainability data tables
Consensus
Consensus
Analysts following us
Analysts following us
Internal gas price
Internal gas price
Our debt and credit ratings
Our debt and credit ratings
For a complete background on our debt and credit ratings, please follow the link below.
For a complete background on our debt and credit ratings, please follow the link below.
The page contains full information on our
The page contains full information on our
debt strategy, debt programmes, bond issues, maturity profile, financial ratios, credit facilities and credit ratings.
debt strategy, debt programmes, bond issues, maturity profile, financial ratios, credit facilities and credit ratings.
Our contacts are found below.
Our contacts are found below.
Our registrar
Our registrar
Statoil has appointed DNB Bank ASA as its registrar:
Statoil has appointed DNB Bank ASA as its registrar:
DNB Bank ASA Verdipapirservice Dronning Eufemias gate 30, Bygg M-10S N-0191 Oslo Norway
DNB Bank ASA Verdipapirservice Dronning Eufemias gate 30, Bygg M-10S N-0191 Oslo Norway
kua@dnb.no +47 23 26 80 21
kua@dnb.no +47 23 26 80 21
After our partial privatisation in 2001, Statoil was listed on the Oslo and New York stock exchanges, ensuring broad international ownership.
After our partial privatisation in 2001, Statoil was listed on the Oslo and New York stock exchanges, ensuring broad international ownership.
Geographic distribution of shareholders
Geographic distribution of shareholders
Free float breakdown
Free float breakdown
The Norwegian State
The Norwegian State
*All figures from Annual report unless otherwise stated
*All figures from Annual report unless otherwise stated
Shareholders may also cast their vote electronically in a period before the general meeting.
Aksjonærene kan også avgi elektronisk forhåndsstemme i en periode før generalforsamlingen.
Statoil’s Articles of Association and the Norwegian Public Limited Liability Companies Act stipulate the General Meeting’s role and mandate.
Statoils vedtekter og Allmennaksjeloven regulerer generalforsamlingens rolle og mandat.
Pursuant to the company’s Articles of Association, an Annual General Meeting must be held by the end of June each year.
I henhold til Statoils vedtekter skal generalforsamlingen holdes innen utgangen av juni hvert år.
All our previous Annual General Meetings are documented in the table further down the page.
Alle våre tidligere generalforsamlinger er dokumentert i tabellen lenger ned på siden.
The Annual General Meeting was held on Thursday 11 May 2017
Generalforsamlingen ble avholdt torsdag 11. mai 2017
AGM 2017
GENERALFORSAMLING 2017
Archive of previous Annual General Meetings
Arkiv over tidligere generalforsamlinger
Archive & APPENDICES
Arkiv og appendiks
(n/a)
(n/a)
2007 extra
2007 extra
Statoil encourages all shareholders to register for electronic reception of the notice of the General Meeting.
Statoil oppfordrer alle til å registrere seg for elektronisk mottak av innkalling til generalforsamling.
Electronic registration will reduce the environmental effects as well as the company’s costs, and it will be a simplification for the shareholders.
Elektronisk registrering bidrar til å spare miljøet og redusere selskapets kostnader, i tillegg til at det er en forenkling for aksjonærene.
Enter “Investor services,” either through your online bank, or the home page of the bank/broker in which you have registered your VPS account.
Gå inn på "investortjenester", enten gjennom nettbank eller hjemmesiden til banken/megleren du har din VPS-konto hos.
The additional services you can order and the services you have ordered are listed in a table.
De tilleggstjenestene du kan bestille, og tjenestene du har bestilt er satt opp i en tabell.
Choose “Electronic corporate messages” and check “I wish to receive notification of change, notice of general meeting, Stock”.
Velg "Elektroniske selskapsmeldinger" og kryss av for "Jeg ønsker å motta meldinger, innkallinger og informasjon elektronisk, Aksjer"
Following this, the share saving plan has 10,301,895 shares.
Etter viderefordeling har aksjespareprogrammet 10.301.895 aksjer.
Statoil has entered into an agreement with BP regarding participation in the drilling of an exploration well in Walker Ridge block 544 on the Tucker prospect.
Statoil har inngått en avtale med BP om deltakelse i en letebrønn i Walker Ridge blokk 544 på Tucker-prospektet.
Drilling of the well, which is operated by BP, has started.
Boringen av brønnen, som er operert av BP, er påbegynt.
Statoil has a 20 per cent interest in the prospect.
Statoils andel i prospektet er 20 prosent.
On the Grand Cayman prospect, Statoil has agreed to participate with the Kerr-McGee Oil & Gas Corporation and Newfield Exploration Company on the drilling of a well in Garden Banks block 561.
Med olje- og gasselskapene Kerr-McGee og Newfield har Statoil signert kontrakt om boring av en brønn i Garden Banks blokk 561 på Grand Cayman-prospektet.
Statoil will have a 25 per cent interest in the well, which is operated by Kerr-McGee and due to be spudded in July.
Statoil har 25 prosent andel i brønnen, som er operert av Kerr-McGee.
Drilling has already commenced.
Boringen er i gang.
The blocks cover an area of 5,665 square kilometres.
Blokkene dekker et område på 5665 kvadratkilometer.
Statoil has signed participation agreements for exploration drilling on three prospects in the Gulf of Mexico.
Statoil har inngått avtaler om samarbeid om leting i tre prospekter i Mexicogolfen.
Møkster Safety is a subsidiary of Stavanger company Simon Møkster Shipping.
Møkster Safety er et datterselskap av Stavanger-rederiet Simon Møkster Rederi.
The agreements cover two identical vessels, both newbuildings.
Avtalene omfatter to identiske fartøy, begge nybygg.
One will be a standby vessel for the Tampen area in the North Sea and is due to be delivered in February 2008.
Ett av fartøyene skal gå inn som områdeberedskapsfartøy på Tampen-området i Nordsjøen, det leveres i februar 2008.
The other, to be delivered in October 2008, will be used as a relief vessel in the Exploration & Production Norway (UPN) pool.
Dette skipet skal etter planen leveres i oktober 2008.
The standby ship which is going to Tampen will replace the two vessels currently used for emergency response, saving the Tampen licences NOK 50 million per year.
Beredskapsfartøyet som skal til Tampen erstatter to skip i dagens beredskap, og det betyr at Tampen-lisensene sparer 50 millioner kroner i året.
"With this ultra-modern vessel, we are strengthening both emergency response and safety," comments Lars Christian Bacher, senior vice president for the Tampen business cluster.
– Med dette topp moderne fartøyet styrker vi beredskapen og sikkerheten, kommenterer Lars Christian Bacher, direktør for Tampen-området.
"On Tampen we regard all resource units and licences as one and the same licence.
– På Tampen ser vi på alle ressursenheter og lisenser som én og samme lisens.
This has been a crucial factor in our decision to take in the new vessel."
Det har vært en avgjørende årsak til at vi får inn det nye fartøyet, legger han til.
The new ships have been designed by consultant Vik & Sandvik.
De nye beredskapsfartøyene er designet av selskapet Vik & Sandvik.
They represent a further development of the Stril Poseidon, which is the standby vessel Statoil uses in the Halten Bank area.
Skipene er en videreutvikling av Stril Poseidon, som er områdeberedskapsfartøy for Statoil på Haltenbanken.
The vessels will be more useable and robust than the boats they are replacing.
Fartøyene blir mer anvendelige og robuste enn båtene de erstatter.
A particular difference between these and other standby ships is their ability to pull lifeboats directly on board in extreme weather conditions via a special stern slipway.
De skiller seg særlig ut fra andre beredskapsskip ved at de under vanskelige værforhold kan trekke livbåt direkte om bord gjennom en spesiell slipp akterut.
The vessels' man overboard (MOB) boats are normally launched and retrieved through this slipway.
Til vanlig skal skipenes mann over bord-båt (MOB-båt) bli satt ut og tatt opp gjennom denne slippen.
Other facilities include a sick bay and a helideck which makes it possible to secure rapid medical assistance as well as to evacuate people from the vessel if necessary.
I tillegg til sykestue er skipene utstyrt med helikopterdekk som gjør det mulig å få rask medisinsk assistanse, samt mulighet for å evakuere folk fra fartøyene.
Both agreements will run for a 10-year period, with five one-year extension options.
Begge avtalene gjelder for en periode på 10 år, med opsjoner på fem ganger ett år.
The shipyard has not yet disclosed where the vessels will be built, but confirms that it is a Norwegian shipyard that has got the job.
Rederiet har foreløpig ikke gått ut med informasjon om hvor fartøyene skal bygges, men bekrefter at det er et norsk verft som får oppdraget.
In this hall, supplier FMC Kongsberg and its subcontractors have been able to try out all the operations that are to be carried out this summer, using remote-controlled subsea equipment at a depth of 850 metres.
I denne hallen har leverandøren FMC Kongsberg og underleverandørene fått testet ut alle operasjonene som i sommer skal utføres med fjernstyrt undervannsvannsutstyr på 850 meters dyp.
"Many people ask if such extensive testing is necessary, but we have found that the thorough preparations have revealed surprises, which we will now avoid encountering out at sea.
– Mange spør om det nødvendig med så omfattende testing, men vi opplever at de grundige forberedelsene har avdekket overraskelser som vi slipper å møte ute på havet.
In that way, the costs of testing have already paid off many times over," says engineer Per Magne Almdahl.
Dermed har utgiftene til testing betalt seg mange ganger allerede, sier ingeniør Per Magne Almdahl.
He is responsible for following up the testing at the Grenland Group on behalf of Hydro.
Han har ansvaret for Hydros oppfølging av uttestingen hos Grenland Group.
Hall C is dominated by a 35-metre long and 30-metre wide terminal that is used to connect the production pipes running into the land-based facility at Nyhamna with two templates on the sea bed.
Hall C domineres av en 35 meter lang og 30 meter bred endestasjon som brukes til å forbinde produksjonsrørene inn til landanlegget på Nyhamna med to brønnrammer på havbunnen.
The terminal is a so-called PLET - Pipeline End Termination.
Stasjonen er en såkalt PLET – Pipeline End Termination.
The PLET system in Hall C is a replica, which is solely to be used during testing.
PLET-stasjonen i Hall C er en replika som utelukkende brukes under testingen.
The system that will actually connect the 30-inch pipes from Nyhamna to the production equipment on the sea bed was already installed in the field last August.
Stasjonen som faktisk skal sammenkoble 30 tommers rørene til Nyhamna med produksjonsutstyret på havbunnen, ble installert på feltet allerede i august i fjor.
"The replica is identical to the system on the sea bed, and here we are able to test that all the modules really can be assembled correctly," says engineer Øivind Leon Eriksen.
– Replikaen er identisk med stasjonen som står på havbunnen, og her kan vi teste at alle moduler virkelig kan monteres greit på plass, sier ingeniør Øivind Leon Eriksen.
Together with Almdahl, he has followed up the testing on Hydro's behalf.
Han har sammen med Almdahl fulgt opp testingen på Hydros vegne.
This includes, for instance, two huge valve modules that each weigh 130 tonnes, and are to be mounted on the PLET system.
Det gjelder for eksempel to store ventilmoduler som veier 130 tonn hver og skal monteres på PLET-stasjonen.
"In this work, it's actually important to have a negative attitude - all the time you have to base your work on what's the worst thing that can happen, and prepare the processes accordingly.
– I dette arbeidet er det faktisk viktig å ha en negativ innstilling – du må hele veien jobbe ut fra at det verste kan skje og forberede prosessene deretter.
The production equipment will be installed on the field from the end of April until the end of the summer.
Produksjonsutstyret skal installeres på feltet fra slutten av april og videre utover sommeren.
Helge Hagen, who is in charge of this subsea operation, says that the pull-in of the production pipes towards the terminal is one of the most important processes to be tested in the hall.
Helge Hagen som er ansvarlig for denne subsea-operasjonen opplyser at inntrekkingen av produksjonsrør mot endestasjonen er blant de viktigste prosessene som testes i hallen.
"This will be a critical moment during installation on the sea bed, and among other things we are testing how different degrees of incline for the pipes affect the operations we are to carry out at sea.
– Dette blir et kritisk moment under installasjonen på havbunnen, og vi tester blant annet hvordan ulike helningsgrader på rørene påvirker operasjonene vi skal gjøre til havs.
We also simulate as much as we can of other processes, such as so-called pigging, which is carried out during gas pipeline maintenance operations," says engineer Helge Hagen.
Vi simulerer også så mye vi kan av andre prosesser, blant annet såkalt pigging som gjennomføres under vedlikeholdsoperasjoner i gassrørene, sier ingeniør Helge Hagen.
Incidentally, this year's testing in Tønsberg comes in addition to the work that was carried out last year, before the two sea-bed templates were installed on the sea floor.
Årets testing i Tønsberg kommer for øvrig i tillegg til arbeidet som ble gjennomført i fjor, før de to havbunnsrammene ble installert på havbunnen.
"We are now approaching the end of an intensive test phase, and are looking forward to the equipment being installed on the field," says the head of Hydro's testing process in Hall C.
– Vi nærmer oss nå slutten på en intensiv testfase og ser fram til at utstyret skal installeres på feltet, sier Hydros testansvarlige i Hall C.
Norwegian Sea will be finished by the end of May.
løpet av mai.
All equipment which is to be installed at a sea depth of 850 metres is being thoroughly tested by the Grenland Group in Tønsberg.
Alt utstyr som skal installeres på 850 meters havdyp til sommeren, er testet grundig hos Grenland Group i Tønsberg.
Since January, the 120-metre long Hall C in the Framnes area of Tønsberg has been filled with subsea production equipment, intended for the Ormen Lange field.
Siden januar har den 120 meter lange Hall C på Framnes-området i Tønsberg vært fylt av undervanns produksjonsutstyr til Ormen Lange-feltet.
Ranked as one of the biggest M&M jobs on the Norwegian continental shelf, it was made possible in 2003 when Statoil became operator for all the installations in the Tampen area.
Innsparingen ble gjort mulig da Statoil i 2003 ble operatør for alle installasjonene i Tampen.
The collaboration with AKOP embraces nine platforms on the Statfjord, Gullfaks, Snorre and Visund fields.
Kontrakten er en av de største innen V&M på norsk sokkel og omfatter de ni plattformene på feltene Statfjord, Gullfaks, Snorre og Visund.
Since it was placed in 2002, the contract with AKOP has been worth more than NOK 3 billion.
Avtalen med AKOP har hatt en verdi på over tre milliarder kroner siden kontrakten ble inngått i 2002.
This form of collaboration gave Statoil an efficiency gain of more than 10 per cent in 2005 alone when compared with the reference year of 2003.
Denne samarbeidsformen har gitt Statoil en effektivisering på over ti prosent bare i 2005 sammenliknet med referanseåret 2003.
AKOP benefits from using its best expertise and thereby enhancing efficiency because that boosts its profit margin, Mr Bacher explains.
AKOP tjener på å bruke sin beste kompetanse og dermed øke effektiviteten.
The contract has a volume of roughly NOK 1 billion per year.
Kontrakten har et volum på rundt én milliard kroner per år.
Although several of the fields involved have been on stream for more than 20 years, Statoil has long-term plans for the whole area.
Selv om mange av feltene har produsert i over 20 år så har Statoil langsiktige planer for hele området.
This calls for constant maintenance and upgrading of the equipment and facilities on the various installations.
Dette krever kontinuerlig vedlikehold og oppgradering av utstyret og fasilitetene om bord.
The group is also continuing to adopt operational improvements on the platform.
Statoil fortsetter også arbeidet med å gjennomføre driftsmessige forbedringer på plattformen.
“Large oil and gas resources remain to be discovered in the Snorre area,” Mr Bacher notes.
– Fortsatt finnes det store olje- og gassressurser i Snorre-området.
“This field will continue to be an important oil producer for many years to come.
Snorre kommer til å være en viktig produsent av olje i mange år framover.
“We’re now investing to be sure that we have a top-notch platform for the rest of Snorre’s producing life.”
Nå investerer vi for å få en topp plattform i resten av feltets levetid, sier Bacher.
Design work on the new module will start immediately, with prefabrication scheduled to begin in June.
Designarbeidene for den nye modulen starter umiddelbart, og prefabrikasjon skal begynne i juni.
Among other benefits, the new control room will make the platform safer and more secure.
Det nye kontrollrommet vil blant annet bidra til en sikrere og tryggere plattform.
It also opens the way for integrated operation with land, thereby improving efficiency.
Det åpner også for integrerte operasjoner, som gjør driften mer effektiv.
The commitment to Snorre A is part of the group’s follow-up after the gas blowout on this field in 2004.
Satsingen på Snorre-A er en del av Statoils oppfølging etter gassutblåsningen i 2004.
Snorre A is an integrated production, drilling and accommodation floater held to the seabed by steel tethers.
Snorre A er en integrert bore-, produksjons- og boligplattform som er forankret til havbunnen med strekkstag.
This “tension leg” platform (TLP) has been on stream since 1992.
Plattformen har produsert olje og gass siden 1992.
The shares have been acquired at a price of NOK 202.50 per share.
Aksjene er kjøpt til kurs 202,50 kroner.
Before distribution to the employees, the share saving plan has 985,949 shares.
Før viderefordeling til ansatte, har Aksjespareprogrammet 985 949 aksjer.
On behalf of Statoil (OSE:STL, NYSE:STO), DnB NOR has on 18 April 2006 purchased 100,700 shares for use in the group’s share saving plan.
På vegne av Statoil (OSE:STL, NYSE:STO) har DnBNOR 18. april 2006 kjøpt 100 700 aksjer til bruk i Statoils aksjespareprogram.
Following this, the share saving plan has 916,678 shares.
Etter viderefordeling har Aksjespareprogrammet 916 678 aksjer.
New shares holding
Ny beholdning
3684
3684
1593
1593
1912
1912
1445
1445
Peter Mellbye
Peter Mellbye
2935
2935
2143
2143