Statoil ASA (STO)
Statoil ASA is an integrated oil and gas company. The Company's focus is on exploration, development and production of oil and natural gas from the Norwegian Continental Shelf (NCS). It has business operations in 34 countries. The Company's proved reserves as of December 31, 2006, consisted of 1,675 million barrels of oil and 399 billion cubic meters of natural gas, which represents an aggregate of 4,185 million barrels-of-oil equivalent. Statoil ASA operates in four business segments: Exploration and Production Norway (E&P Norway), International Exploration and Production (International E&P), Natural Gas, and Manufacturing and Marketing. During the year ended December 31, 2006, the Company acquired a 25% share in the license 218 in Blocks 6706/10 and 6706/12 in the Norwegian Sea. In June 2007, Statoil ASA, through its subsidiary Statoil Canada Limited, acquired North American Oil Sands Corporation.
Important Company Highlights:
Top 20 shareholders: http://www.statoil.com/en/InvestorCentre/Share/Shareholders/Top20/Pages/default.aspx
Recent News: http://finance.yahoo.com/q/h?s=STO+Headlines
Bank of New York Mellon Corp.
101 Barclay Street
New York, NY 10286
Morten Sven Johannessen
Tel: +1 203 978 6950
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