• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Statoil ASA, Company Intelligence Report - Product Image

Statoil ASA, Company Intelligence Report

  • ID: 2051238
  • January 2012
  • 134 pages
  • GlobalData

Statoil ASA, Company Intelligence Report

Summary

Statoil ASA (Statoil) is an integrated oil and gas energy company with presence across the entire oil and gas value chain. The company’s headquarters is located in Norway and it has presence in around 42 countries across the world. Apart from Norway, the company operates in the US, Canada, Venezuela, Algeria, Angola, Libya, Nigeria, Azerbaijan, Russia, the UK, China and Iran. The company’s main operations are located in the Norwegian Continental Shelf (NCS), where it has been operating for the past 35 years. The company is listed on the Oslo and New York stock exchanges, and the major shareholders of the company are the Norwegian state, Norwegian private owners, investors in the US, and investors in the UK and the rest of Europe.

Scope

- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
- Goals and Strategies: This section provides the upcoming goals and strategies of the company. READ MORE >

Note: Product cover images may vary from those shown

1
1

1.1 List of Tables
1.2 List of Figures
2 Statoil ASA, Company Overview
3 Statoil ASA, Key Highlights
3.1 Several Upcoming Projects to Support Production Growth
3.1.1 Norway
3.1.2 Outside Norway
3.2 Exploring the Unconventional Oil&Gas
3.3 Strong Technological Expertise; Utilizing the Technological Edge Primarily Across the Entire Oil and Gas Value Chain
3.3.1 Exploration and Development
3.3.2 Optimizing Production from Legacy Assets
3.3.3 Providing New Energy Solutions
3.3.4 Enhancing Downstream Activities
4 Statoil ASA, SWOT Analysis
4.1 Strengths
4.1.1 Balanced Commodity Mix in Upstream Portfolio
4.1.2 Presence across Oil and Gas Value Chain
4.1.3 History of Sufficient Cash Flows
4.2 Weaknesses
4.2.1 Declining Reserve Base Leading to Relatively Lower Reserve Replacement Ratio
4.3 Opportunities
4.3.1 Exploring the Renewable and Unconventional Sources of Energy
4.3.2 Diversified Upcoming Asset Portfolio
4.4 Threats
4.4.1 Delay in Execution of Projects
5 Statoil ASA, Goals and Strategies
5.1 Deriving Stable Production from Norway; Upcoming Assets Expected to Offset Natural Decline
5.2 Developing Renewable Sources of Energy for Sustainable Long Term Growth
6 Statoil ASA, Production Overview
6.1 Production Profile
6.2 Norway
6.2.1 North Sea
6.2.2 West
6.2.3 North
6.2.4 Non-Operated fields
6.3 Canada
6.4 The US
6.5 Venezuela
6.6 Algeria
6.7 Angola
6.8 Libya
6.9 Nigeria
6.10 UK
6.11 Russia
7 Capital Expenditure
7.1 Costs Incurred
8 Acreage
9 Statoil ASA, Exploration and Development Overview
9.1 Norway
9.1.1 North Sea
9.1.2 Norwegian Sea
9.1.3 Barents Sea
9.2 Canada
9.3 The US
9.4 Brazil
9.5 Angola
9.6 East Africa
9.7 Algeria
9.8 The UK
9.9 Ireland
9.10 Azerbaijan
9.11 Russia
9.12 Iraq
9.13 Egypt
9.14 Indonesia
10 Statoil ASA, M&A Highlights
10.1 M&A Activity
11 Statoil ASA, Downstream Updates
12 Statoil ASA, Forecast Production and Financial Statements
12.1 Income Statement (2008–2015)
12.2 Balance Sheet (2008–2015)
12.3 Cash Flow Statement (2008–2015)
12.4 Financial Ratios
13 Statoil ASA, Valuation
13.1 Net Asset Value
14 Statoil ASA, Peer Comparison
14.1 Share Price Performance
14.2 Operational and Financial Performance
14.3 Key Financial and Operational Ratio
15 Statoil ASA, Detailed Operational and Financial Metrics
15.1 Statoil ASA, Total Oil and Gas Production
15.1.1 Total Crude Oil and Natural Gas Production Trend, Q3, 2010-Q3, 2011
15.1.2 Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011
15.2 Statoil ASA, Crude Oil Production
15.2.1 Total Crude Oil Production Trend, Q3, 2010-Q3, 2011
15.2.2 Crude Oil Production, By Country/Region, Q3, 2010-Q3, 2011
15.3 Statoil ASA, Natural Gas Production
15.3.1 Total Natural Gas Production Trend, Q3, 2010-Q3, 2011
15.3.2 Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011
15.4 Statoil ASA, Valuation and Financial Data
15.4.1 Share Price Performance, 2006-2010
15.4.2 Key Valuation Metrics, 2006-2010
15.5 Statoil ASA, Total Oil and Gas, Reserves and Production
15.5.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2006-2010
15.5.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2006-2010
15.5.3 Total Crude Oil and Natural Gas Reserve Changes, 2006-2010
15.6 Statoil ASA, Crude Oil/Liquids Production and Reserve
15.6.1 Crude Oil/Liquids Production and Reserve Trend, 2006-2010
15.6.2 Crude Oil Production and Reserves By Country/Region, 2006-2010
15.6.3 Crude Oil/Liquids Reserve Changes, 2006-2010
15.7 Statoil ASA, Natural Gas Production and Reserve
15.7.1 Natural Gas Production and Reserve Trend, 2006-2010
15.7.2 Natural Gas Production and Reserves, By Country/Region, 2006-2010
15.7.3 Natural Gas Reserve Changes, 2006-2010
15.8 Statoil ASA, Total Crude Oil and Natural Gas Reserves Life Index
15.8.1 Total Crude Oil and Natural Gas Reserves Life Index, 2006-2010
15.8.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2006-2010
15.9 Statoil ASA, E&P Costs Trends
15.9.1 Upstream Capital Expenditure, 2006-2010
15.9.2 Acquisition Costs By Country/Region, 2006-2010
15.9.3 Exploration and Development Costs, By Country/Region, 2006-2010
15.10 Statoil ASA, Oil and Gas Cost Per boe, $/boe
15.10.1 Oil and Gas Cost Per boe, $/boe, 2006-2010
15.10.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2006-2010
15.11 Statoil ASA, Reserve Replacement Ratio
15.11.1 Oil and Gas Production Replacement Ratio, 2006-2010
15.11.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2006-2010
15.12 Statoil ASA, Results of Oil & Gas Operations Trend
15.12.1 Oil and Gas Revenue and Expenses, 2006-2010
15.12.2 Oil and Gas Revenue and Expenses, By Country/Region, 2006-2010
15.13 Statoil ASA, Oil and Gas Revenue and Expenses, Per boe
15.13.1 Oil and Gas Revenue and Expenses, By boe, 2006-2010
15.13.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2006-2010
15.14 Oil and Gas Performance Metrics
15.15 Statoil ASA, Land Holdings and Well Data
15.15.1 Gross and Net Developed and Undeveloped Acreage, 2006-2010
15.15.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2006-2010
15.16 Well Statistics
15.16.1 Producible Oil and Gas Well, 2006-2010
15.16.2 Producible Oil and Gas Well, By Country/Region, 2006-2010
15.16.3 Exploration and Development Wells Drilled, 2006-2010
15.16.4 Exploration and Development Wells Drilled, By Country/Region, 2006-2010
16 Appendix
16.1 Abbreviations
16.2 Methodology
16.2.1 Coverage
16.2.2 Secondary Research
16.2.3 Primary Research
16.3 Contact Us
16.4 Disclaimer

1.1 List of Tables
Table 1: Statoil ASA, Key Events, 2010–2011
Table 2: Statoil ASA, Total Proved Reserves, MMboe, 2007–2010
Table 3: Statoil ASA, Crude Oil and Natural Gas Production, MMboe, 2007–2010
Table 4: Statoil ASA, Production Forecast by Region, MMboe, 2011–2015
Table 5: Statoil ASA, Capital Expenditure Classification, $m, 2009–2010
Table 6: Statoil ASA, Costs Incurred ($m), 2007–2010
Table 7: Statoil ASA, Reserve Replacement Ratio and Finding and Development
Table 8: Statoil ASA, Recent Transactions as a Buyer, 2010–2011
Table 9: Statoil ASA, Recent Transactions as a Seller, 2010–2011
Table 10: Statoil ASA, Downstream Segment, Revenue, Earning and Segment
Table 11: Statoil ASA, Forecast Production, 2008–2015
Table 12: GlobalData, Price Forecasts, 2011–2015
Table 13: Statoil ASA, Income Statement ($m), 2008–2015
Table 14: Statoil ASA, Balance Sheet ($m), 2008–2015
Table 15: Statoil ASA, Cash Flow Statement ($m), 2008–2015
Table 16: Statoil ASA , Profitability Ratios, 2008–2015
Table 17: Statoil ASA , Other Financial Ratios, 2008–2015
Table 18: Statoil ASA, Net Asset Value, 2011
Table 19: Statoil ASA, Prospective Acreage and Non–Proven Reserves, 2011
Table 20: Statoil ASA , NPV of Natural Gas Reserves, 2011
Table 21: Statoil ASA , NPV of Oil/NGL Reserves, 2011
Table 22: Statoil ASA , NPV of Total Oil and Natural Gas Reserves, 2011
Table 23: Statoil ASA, Sensitivity Analysis on Fair Value ($/share), 2011
Table 24: Statoil ASA Versus Peer Group, Operational and Financial Performance, 2010
Table 25: Statoil ASA and its Peer Group Comparison, Financial Ratios, 2010
Table 26: Statoil ASA, Total Crude Oil and Natural Gas, Production, Q3, 2010-Q3, 2011
Table 27: Statoil ASA, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011
Table 28: Statoil ASA, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011
Table 29: Statoil ASA, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011
Table 30: Statoil ASA, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011
Table 31: Statoil ASA, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011
Table 32: Statoil ASA, Share Price Performance, 2006-2010
Table 33: Statoil ASA, Key Valuation Metrics, 2006-2010
Table 34: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010
Table 35: Statoil ASA, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2006-2010
Table 36: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2006-2010
Table 37: Statoil ASA, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010
Table 38: Statoil ASA, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2006-2010
Table 39: Statoil ASA, Crude Oil Reserve Changes, MMbbl, 2006-2010
Table 40: Statoil ASA, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010
Table 41: Statoil ASA, Natural Gas Production and Reserves, By Country/Region, Bcf, 2006-2010
Table 42: Statoil ASA, Natural Gas Reserve Changes, Bcf, 2006-2010
Table 43: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2006-2010
Table 44: Statoil ASA, Oil and Gas Reserves Life Index, By Country/Region, Years, 2006-2010
Table 45: Statoil ASA, Upstream Capital Expenditure, $m, 2006-2010
Table 46: Statoil ASA, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2006-2010
Table 47: Statoil ASA, Exploration and Development Costs, By Country/Region, $m, 2006-2010
Table 48: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010
Table 49: Statoil ASA, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2006-2010
Table 50: Statoil ASA, Oil and Gas Production Replacement Ratio, %, 2006-2010
Table 51: Statoil ASA, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2006-2010
Table 52: Statoil ASA, Revenue and Expenses, $m, 2006-2010
Table 53: Statoil ASA, Revenue and Expenses, By Country/Region, $m, 2006-2010
Table 54: Statoil ASA, Oil and Gas Revenue and Expenses, $/boe, 2006-2010
Table 55: Statoil ASA, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2006-2010
Table 56: Statoil ASA, Oil and Gas Performance Metrics, 2006-2010
Table 57: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010
Table 58: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2006-2010
Table 59: Statoil ASA, Producible Oil and Gas Wells, 2006-2010
Table 60: Statoil ASA, Producible Oil and Gas Wells, By Country/Region, 2006-2010
Table 61: Statoil ASA, Exploratory and Developed Wells, 2006-2010
Table 62: Statoil ASA, Exploratory and Developed Wells, By Country/Region, 2006-2010

1.2 List of Figures
Figure 1: Statoil ASA, Operational Overview, 2011
Figure 2: Statoil ASA, Performance Charts, 2007–2010
Figure 3: Statoil ASA, Share Price Performance, December 2010–December 2011
Figure 4: Statoil ASA, Production Forecast, Norway, MMboe, 2011–2015
Figure 5: Statoil ASA, Production Forecast, Outside Norway, MMboe, 2011–2015
Figure 6: Statoil ASA, the US Unconventional Resources Portfolio, 2008–2011
Figure 7: Statoil ASA, Research Centers and Offices, Norway and Canada
Figure 8: Statoil ASA, Commodity Mix in Upstream Portfolio (%), 2008–2010
Figure 9: Statoil ASA, Contribution of Revenues by Various Segment, %, 2007–2010
Figure 10: Statoil ASA, Use of Operating Cash Flows, 2007–2010
Figure 11: Statoil ASA, Total Proved Crude Oil and Natural Gas Reserves, MMboe, 2006–2010
Figure 12: Statoil ASA, Total Proved Crude Oil and Natural Gas Reserves, MMboe, 2006–2010
Figure 13: Statoil ASA, Total Crude Oil Production from Norway, MMboe, 2007–2010
Figure 14: Statoil ASA, Total Proved Reserves, MMboe, 2007–2010
Figure 15: Statoil ASA, Total Production (MMboe), 2007–2015
Figure 16: Statoil ASA, Production Mix (%), 2007–2010
Figure 17: Statoil ASA, Norway Operations, 2010
Figure 18: Statoil ASA, Operations North Sea, Norway, 2010
Figure 19: Statoil ASA, Operations West, Norway, 2010
Figure 20: Statoil ASA, Operations North, Norway, 2010
Figure 21: Statoil ASA, Angola Operations, 2010
Figure 22: Statoil ASA, Capital Expenditure Classification, $m, 2009–2010
Figure 23: Statoil ASA, Costs Incurred ($m), 2007–2010
Figure 24: Statoil ASA, Reserve Replacement Ratio and Finding and Development Cost, 2007–2010
Figure 25: Statoil ASA Versus Peers Acreage Comparison (Million Acres), 2010
Figure 26: Statoil ASA, Net Developed and Undeveloped Acreages, 2007–2010
Figure 27: Statoil ASA, Exploration Cost ($m), 2007–2010
Figure 28: Statoil ASA, Net/ Gross Oil and Gas Ratio for Wells, 2007–2010
Figure 29: Statoil ASA, Net Total Oil &Gas Successful and Dry Exploratory Wells, 2007–2010
Figure 30: Statoil ASA, Development Cost ($m), 2007–2010
Figure 31: Statoil ASA, Operational Map, Brazil, 2010
Figure 32: Statoil ASA, Operational Map, Indonesia, 2010
Figure 33: Statoil ASA, Downstream Segment, Revenue, Earning and Segment Revenue as Percentage of Total Revenue, 2007–2010
Figure 34: Statoil ASA and its Peers, Relative Share Price Performance Index, December 2010– December 2011
Figure 35: Statoil ASA, F&D Costs and Reserve Replacement Ratio, 2010
Figure 36: Statoil ASA, Operational and Financial Parameters, 2010
Figure 37: Statoil ASA, Total Reserves and Production (MMboe), 2010
Figure 38: Statoil ASA and its Peers, Valuation Ratios, 2010
Figure 39: Statoil ASA, Total Crude Oil and Natural Gas, Production, MMboe, Q3, 2010-Q3, 2011
Figure 40: Statoil ASA, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011
Figure 41: Statoil ASA, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011
Figure 42: Statoil ASA, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011
Figure 43: Statoil ASA, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011
Figure 44: Statoil ASA, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011
Figure 45: Statoil ASA, Share Price Performance, NOK/Share, 2006-2010
Figure 46: Statoil ASA, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2006-2010
Figure 47: Statoil ASA, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010
Figure 48: Statoil ASA, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2006-2010
Figure 49: Statoil ASA, Total Oil & Gas Production, By Country/Region, MMboe, 2006-2010
Figure 50: Statoil ASA, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2010
Figure 51: Statoil ASA, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010
Figure 52: Statoil ASA, Oil Reserves, End of Period, By Country/Region, MMbbl, 2006-2010
Figure 53: Statoil ASA, Oil Production, By Country/Region, MMbbl, 2006-2010
Figure 54: Statoil ASA, Crude Oil Reserve Changes, MMbbl, 2010
Figure 55: Statoil ASA, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010
Figure 56: Statoil ASA, Gas Reserves, End of Period, By Country/Region, Bcf, 2006-2010
Figure 57: Statoil ASA, Gas Production, By Country/Region, Bcf, 2006-2010
Figure 58: Statoil ASA, Natural Gas Reserve Changes, Bcf, 2010
Figure 59: Statoil ASA, Oil and Gas Reserves Life Index, Years, 2006-2010
Figure 60: Statoil ASA, Gas Reserve Life Index, By Country/Region, Years, 2006-2010
Figure 61: Statoil ASA, Oil & Gas Reserve Life Index, By Country/Region, Years, 2006-2010
Figure 62: Statoil ASA, Oil Reserve Life Index, By Country/Region, Years, 2006-2010
Figure 63: Statoil ASA, Upstream Capital Expenditure, $m, 2006-2010
Figure 64: Statoil ASA, Proved Acquisition Costs, By Country/Region, $m, 2006-2010
Figure 65: Statoil ASA, Unproved Acquisition Costs, By Country/Region, $m, 2006-2010
Figure 66: Statoil ASA, Development Costs, By Country/Region, $m, 2006-2010
Figure 67: Statoil ASA, Exploration Costs, By Country/Region, $m, 2006-2010
Figure 68: Statoil ASA, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010
Figure 69: Statoil ASA, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2006-2010
Figure 70: Statoil ASA, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010
Figure 71: Statoil ASA, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010
Figure 72: Statoil ASA, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010
Figure 73: Statoil ASA, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2006-2010
Figure 74: Statoil ASA, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2006-2010
Figure 75: Statoil ASA, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2006-2010
Figure 76: Statoil ASA, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2006-2010
Figure 77: Statoil ASA, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2006-2010
Figure 78: Statoil ASA, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2006-2010
Figure 79: Statoil ASA, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2006-2010
Figure 80: Statoil ASA, Revenue and Expenses, $m, 2006-2010
Figure 81: Statoil ASA, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010
Figure 82: Statoil ASA, Exploration Expenses, By Country/Region, $m, 2006-2010
Figure 83: Statoil ASA, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010
Figure 84: Statoil ASA, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010
Figure 85: Statoil ASA, Oil & Gas Revenue, By Country/Region, $m, 2006-2010
Figure 86: Statoil ASA, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010
Figure 87: Statoil ASA, Production Costs, By Country/Region, $m, 2006-2010
Figure 88: Statoil ASA, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010
Figure 89: Statoil ASA, Oil and Gas Revenue and Expenses, $/boe, 2006-2010
Figure 90: Statoil ASA, Exploration Expenses per boe, By Country/Region, $/boe, 2006-2010
Figure 91: Statoil ASA, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2006-2010
Figure 92: Statoil ASA, Lifting Cost per boe, By Country/Region, $/boe, 2006-2010
Figure 93: Statoil ASA, Annual Net Income per boe, By Country/Region, $/boe, 2006-2010
Figure 94: Statoil ASA, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2006-2010
Figure 95: Statoil ASA, Total DD&A per boe, By Country/Region, $/boe, 2006-2010
Figure 96: Statoil ASA, Total Revenue per boe, By Country/Region, $/boe, 2006-2010
Figure 97: Statoil ASA, Oil and Gas Performance Metrics, 2006-2010
Figure 98: Statoil ASA, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010
Figure 99: Statoil ASA, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2006-2010
Figure 100: Statoil ASA, Total Net Undeveloped Acreage, By Country/Region, Acres, 2006-2010
Figure 101: Statoil ASA, Total Gross Developed Acreage, By Country/Region, Acres, 2006-2010
Figure 102: Statoil ASA, Total Net Developed Acreage, By Country/Region, Acres, 2006-2010
Figure 103: Statoil ASA, Producible Oil and Gas Wells, 2006-2010
Figure 104: Statoil ASA, Gross Productive Gas Wells, By Country/Region, Number, 2006-2010
Figure 105: Statoil ASA, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010
Figure 106: Statoil ASA, Gross Productive Oil Wells, By Country/Region, Number, 2006-2010
Figure 107: Statoil ASA, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2006-2010
Figure 108: Statoil ASA, Net Productive Gas Wells, By Country/Region, Number, 2006-2010
Figure 109: Statoil ASA, Net Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010
Figure 110: Statoil ASA, Net Productive Oil Wells, By Country/Region, Number, 2006-2010
Figure 111: Statoil ASA, Exploratory and Developed Wells, 2006-2010

Note: Product cover images may vary from those shown

Several Upcoming Projects to Support Production Growth

Statoil’s crude oil and natural gas production showed an increasing trend during 2006–2009, before declining in 2010. The company’s production increased at a Compound Annual Growth Rate (CAGR) of around 1.4% during 2007–2009 before declining by nearly 4.7%, from 634.0 MMboe in 2009 to 604.5 MMboe in 2010. Furthermore, the company expects production to remain at the same level or decline slightly in 2011. However, the company is dependent on its upcoming projects portfolio to drive production growth beyond 2011. The company has a huge inventory of upcoming assets which are expected to come online during 2011–2020, and the company has already sanctioned 29 start ups which are expected to come online during 2011–2016. Some of these projects are Caesar/Tonga, Hibernia South Extension, Marulk, Ormen Lange Mid-North Development, Pazflor, Peregrino, Big Foot, Corrib, CLOV and Goliat. These projects are diversified both in terms of geography and resource base. Some of the projects of the company, such as Alfa Sentral, Eirin, Svalin, Luva, and West Qurna II are in the pre-sanction phase. The company expects these start ups, including both sanction and pre sanction, to add nearly 1,500kboe/d of new capacity during 2011–2016. These projects are expected to make a significant contribution in the total production of the company in the future, thereby supporting long term growth of Statoil.

Norway

Statoil derives its production primarily from Norwegian assets. Norway’s contribution in the company’s total production has averaged nearly 81.4% during 2006–2010. However, production in Norway has shown a declining trend since 2008, and the company plans to stabilize production from its Norwegian assets through several upcoming projects. These projects include Skarv, Marulk, Svalin, Goliat, Valemon and Gudrun, with a total capacity of 245kboe/d. The company has also planned several fast track projects in order to develop small fields in NCS. Some of these fast track projects are Peon, Draupne, Dagny, Luva and Ormen Lange, which are expected to come online after 2016. The company plans to add around 700kboed of new capacity through the upcoming projects in Norway until 2020. According to GlobalData estimates, the production from the Norwegian upcoming assets portfolio is expected to increase from 484.3 MMboe in 2010 to 493.6 MMboe in 2015.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos