Statoil. The Power of Possible

Get to know Statoil in three minutes.

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The largest offshore operator in the world comes from a small country

The largest offshore operator in the world comes from a small country

Statoil is a global energy company with operations in more than 30 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we have now evolved into becoming the largest offshore operator in the world. Statoil is committed to accommodating the world’s energy needs in a responsible manner, applying state-of-the-art technology and creating innovative business solutions.

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Shaped by one of the harshest climates on earth

Shaped by one of the harshest climates on earth

In Statoil we have developed a “can-do attitude” based on decades of experience from working in one of the harshest, most inhospitable climates on earth; the Norwegian continental shelf. It has given us headaches and frostbites, but it has also taught us to stay persistent through the toughest of challenges. An invaluable learning as we are seeking new opportunities and challenges also in international waters and onshore.
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We’re ready for one of the greatest challenges of our time

We’re ready for one of the greatest challenges of our time

The world’s population is growing at an exponential pace. These demographic changes are having a big impact on the consumption of energy. 3 billion people will move from poverty to middle class by 2035, resulting in improved health, longer life expectancy and better living conditions. That fantastic development is both driven by, and drives, energy use. However, this development comes at a cost – rising carbon emissions and subsequent changes to climate, local emissions and water scarcity. Statoil believes fighting the risk of climate change is vital. We believe our company will play an important role in a sustainable energy future. First, by replacing coal with gas for power generation, emissions could be reduced with 50%. Second, more oil has to be found to meet future demand and ensure good living standards for emerging economies. Finally, we believe in a system where companies pay for their emissions and de-carbonising technologies can become profitable. All of this is possible.

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We’re looking for oil and gas.

We’re looking for oil and gas.

Exploration success is not just luck, but the result of leading technology and many years of systematic work collecting and interpreting seismic data. Thanks to the passion, determination and insights of our scientists, Statoil has become one of the most successful exploration companies in the world.

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Say hello to our robot friends

Say hello to our robot friends

Though Norway has always had a close affinity with the sea and ships, from the Viking age onward, the country’s modern vessels are quite advanced. Pictured here is a remotely operated vehicle, or ROV. The hydrocarbon of the future will be located further from land, at greater depths and in colder regions, where almost all operations need to be performed remotely. This is where the ROVs play a key role. The development of seabed installations has put Norway in the vanguard of robot technology. In some areas the water depth is so deep that it may take a ROV 1-2 hours just to get down to the seabed.

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The factory at the bottom of the sea

The factory at the bottom of the sea

There’s a very important chapter in the story of oil and gas that is invisible to most people. It takes place on the seabed and is the fruit of the extensive, world-leading subsea industry. Statoil is now concentrating on subsea installations that represent progressive, compact and more environmentally friendly solutions. These installations have improved carbon efficiency and are less exposed to bad weather. They can withstand great depths and high pressures, while increasing recovery from the reservoirs. In addition the operational costs for such installations are lower. More than 50% of the oil and gas we currently extract derives from seabed wells. Thanks to the close cooperation between suppliers and Statoil, we are currently in the lead in the field of subsea-technology.

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We go 100 million years back to predict the future

We go 100 million years back to predict the future

Statoil is among the world’s leading explorers not only because we know how to explore, but also where to explore. Precision is paramount. That’s why we have researchers specializing in advanced earth modelling where they go back millions of years to map how the tectonic continental plates have moved, where the rivers ran out, paleoclimate, forests, source rock and where organic material is likely to have been captured. Discovery is not about luck, it is about passion, determination and insight.

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Drilling down, down, sideways and down

Drilling down, down, sideways and down

One of the most challenging tasks we perform is to penetrate right down to where the oil is found. Statoil has long experience of drilling in harsh weather conditions in regions where many technical obstacles had to be overcome. These fields are often characterized by their very deep wells with high pressures and temperatures. The drilling contractors and service companies with whom Statoil collaborates are world leaders in their fields. Together we drill both vertically and horizontally. In some cases the drill string can be up to 10 000 meters long.

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How we capture and store carbon dioxide

How we capture and store carbon dioxide

For several years Statoil has been ranked among the leading companies in carbon capture and storage (CCS). Since 1996 we have removed more than 20 million tons of CO2 from natural gas and stored it permanently in rock formations under the seabed. We have reduced CO2 emissions into the atmosphere equivalent to about two years’ road traffic emissions in Norway – a country with nearly five million vehicles. CCS is not the sole answer to combatting climate change, but it will make a significant contribution.

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Statoil…in outer space?

Statoil…in outer space?

An idea, once conceived, can travel far. In fact, all the way to Mars. Seabed installations share many similarities with the sort of robots that are used in space, as both are operated automatically by remote control. They also operate in very special environments. The space industry has shown a lot of interest in our industry for many years, believing the drill-hole technologies we utilise in the North Sea to be highly relevant in connection with its Mars projects. In 2014, Statoil therefore started collaborating with NASA focusing on the following research areas: supercomputers, materials, robot technology, the development of new tools and communication possibilities.

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The future belongs to those who create it

The future belongs to those who create it

In Statoil we are technology optimists, convinced that new technology can make the world a better place. Looking back, we can see that engineering expertise in the field of hydroelectric power helped make Norway adept at conceiving and producing major offshore concrete constructions such as Troll. Our offshore expertise led to our becoming a world leader in subsea technology. And this know-how might well lead in turn to some totally new and different fields of expertise. Our collaboration with the space industry exemplifies this. We believe that open innovation and cooperation provide the key to success.

Read more...
Sustainability matters!

Sustainability matters!

Statoil has two clear objectives: First, we want to be recognised as the most carbon efficient oil and gas producer - because we believe fighting the risk of climate change is crucial. Second, we are committed to creating lasting value for communities - because producing finite resources can only be considered sustainable if opportunities are created for future generations as a result of their use. We have long numbered among the oil companies in the world with the lowest carbon emissions. Maintaining that position will require us to work much harder. We expect and prepare for increased CO2 prices and stricter climate regulations. As we develop resources together with communities around the world, we promise to create local opportunities, respect human and labour rights, use shared resources efficiently and not to harm local environments. And we promise to be open and transparent about the revenue we generate and our performance.

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From Norway to all the way around the world

From Norway to all the way around the world

What began as a Norwegian oil adventure has become a global story. Since start-up in the early 1990s, Statoil’s international operations have grown considerably and currently account for almost 1/3 of the company’s total production. We are currently engaged in projects worldwide – in America, Asia, Australia and Africa and operate in more than 30 countries. In cooperation with our partners, Statoil draws upon the valuable experience the company has gained on the Norwegian continental shelf to develop other countries’ natural resources in a profitable, responsible and sustainable manner.

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We found more than fossil fuel

We found more than fossil fuel

We have discovered thriving communities. Wherever we go for work, we always seek to leverage local expertise and experience. In this way we can contribute to creating more jobs and economic growth for our hosting communities and ensure safer, more efficient productions. By combining our progressive technologies and operational expertise, we work together to find new solutions, lower emissions and reduce the environmental footprint.

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Together we can do so much more

Together we can do so much more

Without our 2200 worldwide partners and suppliers there would be no Statoil. In other words, collaboration is at the heart of everything we do. In our operations, we are working together with multiple partners and communities. At Statoil, we believe the best way to earn trust is through openness and transparency. That’s why we always keep our door open for new ideas, wherever we go for work. Like any good neighbour would.

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Making the most of it

Making the most of it

Finding oil and gas is challenging, but what most people don’t know is that recovering it effectively is even more difficult. We believe the key is getting the best seismic images to interpret and understand the reservoir characterization. Statoil is pushing reservoir recovery to the next level. We are currently a world-leading company when it comes to improved oil recovery (IOR): Our average expected recovery rate on the Norwegian continental shelf oil fields is as high as 50%, while the industry average is approx. 35%. However, we believe it’s possible to do even better and our ambition is now to recover 60%. It requires us to keep innovating. We have recently inaugurated a state-of-the-art IOR centre in Trondheim, Norway, to improve our recovery rate even further.

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Statoil…in outer space?

Statoil…in outer space?

An idea, once conceived, can travel far. In fact, all the way to Mars. Seabed installations share many similarities with the sort of robots that are used in space, as both are operated automatically by remote control. They also operate in very special environments. The space industry has shown a lot of interest in our industry for many years, believing the drill-hole technologies we utilise in the North Sea to be highly relevant in connection with its Mars projects. Statoil therefore in 2014 signed an agreement with space industry participants with the intention of focusing on the following research areas: supercomputers, materials, robot technology, the development of new tools and communication possibilities.

Read more...
The future belongs to those who create it

The future belongs to those who create it

In Statoil we are technology optimists, convinced that new technology can make the world a better place. Looking back, we can see that engineering expertise in the field of hydroelectric power helped make Norway adept at conceiving and producing major offshore concrete constructions such as Troll. Our offshore expertise led to our becoming a world leader in subsea technology. And this know-how might well lead in turn to some totally new and different fields of expertise. Our collaboration with the space industry exemplifies this. We believe that open innovation and cooperation provide the key to success.

Read more...
From Norway to all the way around the world

From Norway to all the way around the world

What began as a Norwegian oil adventure has become a global story. Since start-up in the early 1990s, Statoil’s international operations have grown considerably and currently account for almost 1/3 of the company’s total production. We are currently engaged in projects worldwide – in America, Asia, Australia and Africa and operate in more than 30 countries. In cooperation with our partners, Statoil draws upon the valuable experience the company has gained on the Norwegian continental shelf to develop other countries’ natural resources in a profitable, responsible and sustainable manner.

Read more...
Sustainability matters!

Sustainability matters!

Statoil has two clear objectives: First, we want to be recognised as the most carbon efficient oil and gas producer - because we believe fighting the risk of climate change is crucial. Second, we are committed to creating lasting value for communities - because producing finite resources can only be considered sustainable if opportunities are created for future generations as a result of their use. We have long numbered among the oil companies in the world with the lowest carbon emissions. Maintaining that position will require us to work much harder. We expect and prepare for increased CO2 prices and stricter climate regulations. As we develop resources together with communities around the world, we promise to create local opportunities, respect human and labour rights, use shared resources efficiently and not to harm local environments. And we promise to be open and transparent about the revenue we generate and our performance.

Read more...
More natural gas, less emissions!

More natural gas, less emissions!

The world needs more energy for continued economic growth and development. Natural gas is the fossil fuel with the lowest environmental impact and a switch from coal to natural gas can reduce CO2 emissions by as much as 50 %. Natural gas is also a long term reliable partner for renewables such as wind and sun – for the days the wind doesn’t blow or the sun doesn’t shine.

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