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Company Description

Contact Info

Forusbeen 50

Stavanger, 4035

Norway

Phone: 47 51 99 00 00

Fax: 47 51 99 00 50

ts, for transportation and processing, and for developing business opportunities in renewables. MPR markets the company’s own volumes and the Norwegian state's direct financial interest (SDFI) equity production of crude oil, in addition to third-party volumes. MPR is also responsible for marketing gas supplies relating to the SDFI. In total, the company is responsible for marketing approximately 70% of all Norwegian gas exports. MPR is responsible for running two refineries, two gas processing plants, one methanol plant and three crude oil terminals. In addition, the company is responsible for the development of export solutions for natural gas and liquids from the Statoil assets. In 2013, the company sold 36.3 billion cubic meters (bcm) of natural gas from the NCS on its own behalf, in addition to approximately 35.4 bcm of NCS gas on behalf of the Norwegian state. The company’s total European gas sales, including third-party gas, amounted to 84.1 bcm in 2013, 38.7 bcm of which was gas sold on behalf of the Norwegian state. In 2013, the company also sold 635 million barrels of crude oil and condensate, approximately 25 million tonnes of refined oil products from its own refineries, and approximately 15 million tonnes of natural gas liquids (NGL). Natural Gas: The natural gas business cluster (NG) is responsible for the company’s marketing and trading of natural gas worldwide, for power and emissions trading and for overall gas supply planning and optimisation. In addition, NG is responsible for marketing gas related to the SDFI and for managing Statoil's asset ownership in gas infrastructure, such as the processing and transportation system for Norwegian gas (Gassled) and gathering and processing in the Marcellus shale gas play. By the end of 2013, the company had a 5% ownership interest in the Gassled transportation system. Gas Sales and Marketing: The company transports and markets approximately 70% of all NCS gas. Europe: The company’s main customers are large national or regional gas companies, such as GdF Suez, ENI Gas & Power, British Gas Trading (a subsidiary of Centrica), RWE and GasTerra. The company is expanding its marketing of gas to large industrial customers, power producers and local distribution companies, in addition to making spot-market sales. The company’s groupwide gas trading activity is mainly focused on the U.K. gas market NBP (National Balancing Point UK). In Germany, the company holds a 30.8% stake in the Norddeutche Erdgas Transversale (NETRA) overland gas transmission pipeline and a 23.7% stake in Etzel Gas Lager. USA: Statoil Natural Gas LLC (SNG), a wholly owned subsidiary, has a gas marketing and trading organization in Stamford, Connecticut, that markets natural gas to local distribution companies, industrial customers and power generators. SNG also markets the gas equity production from the company’s assets in the U.S. Gulf of Mexico. SNG has entered into gas transportation agreements with Tennessee Gas Pipeline (a subsidiary of El Paso Corp), and Texas Eastern Transmission (a subsidiary of Spectra Energy Corp), for a total capacity of approx. 2 bcm per year, approximately 205,000 MMBtu/day, enabling Statoil to transport gas from the Northern Marcellus production area to Manhattan, NY. SNG has also entered into a gas transportation agreement with the National Fuel Gas Supply Corporation for a total capacity of 3.2 bcm per year, approximately 320,000 MMBtu/day, enabling the company to transport gas from the Northern Marcellus production area to the U.S./Canadian border at Niagara, providing access to the greater Toronto area in Canada. In addition SNG has long-term capacity contracts with Dominion Resources Inc., which owns the Cove Point liquefied natural gas re-gasification terminal in Maryland, with a total capacity of 10.9 bcm per year. Azerbaijan: The company has an ownership share in the Shah Deniz gas/condensate field in Azerbaijan and is the commercial operator for gas transportation, as well as the operator of marketing and sales of gas from Shah Deniz stage 1. Algeria: The company has ownership interests in the In Salah and In Amenas ga

 

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