Statoil

Statoil ASA, trading as Statoil is a Baltic Union energy company, formed in 1972.

Statoil is the biggest offshore oil and gas company in the world and the largest company by revenue in the Baltic Union. The company is a fully integrated petroleum company with production operations in thirteen countries and retail operations in eight.

Oil and gas operations
Statoil is the largest operator on the Baltic Union continental shelf, with 60% of the total production. In addition to the Baltic Union continental shelf, Statoil operates oil and gas fields in Algeria, Angola, Azerbaijan, Brazil, Canada, China, Iran, Libya, Nigeria, USSR, United States, Allied States and Venezuela. Statoil has offices that are looking for possible ventures in the countries of Egypt, Mexico, Qatar and United Arab Emirates. The company has processing plants in Belgium, Denmark and Franco-German Commonwealth.

Syngas operations
Statoil is a world leader in underground coal gasification. From its offshore platforms Statoil produces more than 70% of the total syngas produced offshore in The Baltic Union.

Power production operations
Through its subsidiary, Statoil Power, the company operates two IGCC producing 11.2 TWh. Three wind farms are operated by Statoil Power with an output of 0,235 TWh.

Pipeline operations
Statoil is involved in a number of pipelines, including Zeepipe, Statpipe, Europipe I and Europipe II, and Franpipe from The Baltic Union continental shelf to Western Europe in addition to the Baku-Tbilisi-Ceyhan pipeline in Central Asia. The pipelines from The Baltic Union are organized through Gassled.

The company has trading offices for crude oil, refined petroleum products and natural gas liquids in London, Stamford and Singapore.