STATOIL ASA was founded in 1972. Since 2001 it has been listed on the New York and Oslo stock exchanges. 75% of the shares are owned by the Norwegian state. Head office is in Stavanger, Norway.The company’s objective is to carry out exploration, production, transport, refining and marketing of petroleum and petroleum derived products. Also renewables as bio-mass, hydro electricity and bio-fuels are marketed. Net turnover for the Group in 2001 totalled 4,1 G€ ( NOK 30.5 billion). Number of employees at end 2002 was 17 000. Statoil is the leading player on the Norwegian continental shelf. It has undertaken a gradual expansion of its international upstream operations in recent years, and is presently active in 23 countries. The company is the world’s largest net seller of crude oil, and a substantial supplier of natural gas in Europe. Statoil ranks as the largest retailer of petrol and other products in Scandinavia and in the Baltic countries, as well as a significant retailer in Poland and Ireland. It has 50% interest in the Borealis petrochemical group.
STATOIL RESEARCH CENTRE has the primary role of research and development in Statoil. Its goal is to produce quality research results, which contribute to the group’s business goals of profitability, safety and environmental protection. Completed in late 1993, the Research Centre, situated in Trondheim, Norway has 6500 square meters of laboratory space and employs around 365 research staff plus services, in all around 420 people.