Statoil publishes Annual and Sustainability Report for 2011
(Thomson Reuters ONE) -
Statoil (OSE:STL, NYSE:STO) published the group's Annual and Sustainability
Report for 2011 on its website today, 23 March, as well as its US Annual Report
and accounts on Form 20-F.
"2011 was a good year for Statoil. We improved on safety and delivered more
stable operations. As a result, our financial performance was strong - a record
net operating income and a competitive shareholder return," writes chief
executive Helge Lund in his introduction to the annual and sustainability
report.
Last year was also marked by Statoil's unveiling of its updated strategy as a
technology-focused upstream company. The ambition is to grow production to above
2.5 million barrels per day in 2020.
"Portfolio management added around 500 million barrels of expected new resources
in 2011. This is considerably more than we divested, strengthening the
foundation for long-term growth," notes Lund.
"A strong exploration performance also added more than 1 billion barrels to our
resource base. The Johan Sverdrup field in the North Sea is one of the world's
largest oil discoveries in recent years, the Skrugard and Havis high-impact
discoveries represent a breakthrough in the Barents Sea, and we made a high-
impact discovery on Peregrino South in Brazil."
Statoil's annual report presentation this year features a virtual panel debate
focusing on stakeholder expectations - and the ways in which the company is
responding to these challenges. Sustainability reporting is also fully
integrated in the report.
"This reflects our commitment to long-term, sustainable growth in line with the
principles of the UN Global Compact," Lund writes.
The reports will be published at www.statoil.com/2011.
The HTML version of the Form 20-F report will be available on the US Securities
and Exchange Commission's website in the Edgar database at www.sec.gov from
16.00 Central European Time (11.00 Eastern Standard Time) today.
The legally required part of the annual and sustainability report will be
available in a printed version on 26 April at the latest, together with the
printed version of Form 20-F and Statoil In Brief 2011/2012.
At that time, the report will be distributed electronically to those
shareholders who have opted to receive the report in this form.
Statoil In Brief 2011/2012 - a short version of the annual report - will be
distributed to all other shareholders registered in the Norwegian Central
Securities Depository (VPS).
Interested parties can download parts of or the report in its entirety at
www.statoil.com/downloads, while printed versions can be ordered at
www.statoil.com/orderreports.
Contacts:
Investor relations:
Hilde Merete Nafstad, senior vice president investor relations,
Tel: +47 95 78 39 11
Press:
Jannik Lindbæk Jr, vice president for media relations,
Tel: +47 97 75 56 22
Cautionary Note
This press release contains forward-looking statements, particularly regarding
Statoil's production outlook and ambition to grow production. Forward-looking
statements reflect current views with respect to future events and are, by their
nature, subject to significant risks and uncertainties because they relate to
events and depend on circumstances that will occur in the future. There are a
number of factors that could cause actual results and developments to differ
materially from those expressed or implied by the forward-looking statements.
Additional information, including information on factors which may affect
Statoil's business, is contained in Statoil's 2011 Annual and Sustainability
Report and 2011 Annual Report on Form 20-F filed with the US Securities and
Exchange Commission.
We use certain terms in this press release, such as "resource" and "resources"
that the SEC's rules prohibit us from including in our filings with the SEC.
U.S. investors are urged to closely consider the disclosures in our Form 20-F,
SEC File No. 1-15200. This form is available on our website or by calling 1-800-
SEC-0330 or logging on to www.sec.gov
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Annual Report 2011 on Form 20-F:
http://hugin.info/132799/R/1596715/503145.pdf
Statutory Report 2011:
http://hugin.info/132799/R/1596715/503144.pdf
Annual Report 2011 In Brief:
http://hugin.info/132799/R/1596715/503146.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
[HUG#1596715]
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 127816
Anzahl Zeichen: 5460
contact information:
Town:
Stavanger
Kategorie:
Business News
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