Last €16.55 EUR
Change Today -0.026 / -0.16%
Volume 1.2K
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As of 9:32 AM 06/19/13 All times are local (Market data is delayed by at least 15 minutes).
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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

www.statoil.com

Repsol as the lead partner for the international oil companies. The company has a 12.5% share of investments (working interest) in the C-17 license in the Mabruk field, which is operated by Mabruk Oil Operations. Total is the major partner for the international oil companies in the C-17 license Mabruk. Europe and Asia Production in Europe and Asia includes Azerbaijan, Russia, and the U.K. Azerbaijan: The company has an 8.6% stake in the Azeri-Chirag-Gunashli (ACG) oilfield and a 25.5% share in the Shah Deniz gas and condensate field. BP is the operator for both fields. The company has an 8.7% stake in the 1,760-kilometers Baku-Tbilisi-Ceyhan pipeline that is used to transport majority of the ACG oil and Shah Deniz condensate to the southern Turkish port of Ceyhan, enabling liquids to be shipped to the markets worldwide. The company has a 25.5% share in the South Caucasus Pipeline, which transports the Shah Deniz gas from Azerbaijan through Georgia to the eastern Turkish border. The company is the commercial operator of the South Caucasus Pipeline Company, responsible for commercial operations relating to the South Caucasus Pipeline. It also runs the Azerbaijan Gas Sales Company, which has been established to manage gas allocation and sales to customers in Azerbaijan, Georgia, and Turkey. Russia: The company has a 30% share in the Kharyaga oilfield onshore in the Timan Pechora basin in north-west Russia. The field is being developed in phases under a production sharing agreement, and it is operated by Total. U.K.: In the U.K., the company is a partner in three production licenses. The Alba oilfield (its interest 17%) is located in the central part of the UK North Sea and is operated by Chevron. The Schiehallion oilfield (its interest 5.9%) is located west of the Shetland Islands and is operated by BP. Jupiter (its interest 30%) is a gas field located in the southern part of the UK North Sea, and ConocoPhillips is the operator of the field. International Exploration North America USA: The company has activities in the USA, with approximately 340 (as of 31 December 2012) exploration leases in the Gulf of Mexico and 66 in Alaska – approximately 19,500 and 1,500 square kilometers respectively. Canada: Off the coast of Canada, the company is operator and partner in 12 exploration licenses, including both off the coast of Newfoundland and in the Beaufort Sea. The company is also operator for four significant discovery licenses off the coast of Newfoundland. South America and Sub-Saharan Africa Angola: The company has interests in five blocks in the Congo basin and five blocks in the Kwanza basin (pre-salt licenses), with participating interests varying from 5% to 55%. Brazil: The company holds acreage in the Campos basin and in the frontier Espírito Santo, Jequitinhonha, and Camamu-Almada basins. In December, the company acquired 25% of the BM-ES-22A license in Brazil through an agreement with Vale SA. Tanzania: The company operates Block 2 and holds a 65% working interest. Two exploration wells have been drilled in 2012, proving gas in the Zafarani and Lavani prospects. Ghana: The company owns first acreage in Ghana by taking a 35% share in a deepwater license operated by Hess. Mozambique: In 2012, the company farmed down a 25% working interest in its exploration license off the coast of Mozambique in the Rovuma basin. The company operates the license and retains a 65% working interest after the farm down. The license covers 7,800 square kilometers with a water depth that varies between 300 and 2,400 meters. Suriname: The company has a 30% share in Block 47 in a frontier area in the Guyana Basin. The acquisition of 3,000 square kilometers of 3D seismic was finalized in 2012. Middle East and North Africa The company has exploration licenses in Libya. It participated in one appraisal well on the Hassi Farida discovery in Algeria. Europe and Asia (excluding Norway) U.K.: The company was awarded seven exploration licenses on the U.K. continental shelf in 2012. The company has committed to drilling three wells in one license and to acquire or reprocess seismic in the ot

 

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Industry Analysis

DNQA

Industry Average

Valuation DNQA Industry Range
Price/Earnings 6.9x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 3.4x
TEV/Sales 0.3x
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