Contractors Unlimited

Contractors Unlimited

Statoil is an international energy company with operations in 40 countries. The company has more than 35 years of experience from oil and gas production on the Norwegian continental shelf. Headquartered in Norway with 30,000 employees worldwide, Statoil are listed on the New York and Oslo stock exchanges.

In 1972, the Norwegian State Oil Company, Statoil, was formed, and two years later the Statfjord field was discovered in the North Sea. In 1979, the Statfjord field commenced production, and in 1981 Statoil was the first Norwegian company to be given operator responsibility for a field, at Gullfaks in the North Sea.

oN 1 October 2007, Statoil merged with Norsk Hydro's oil and gas divisIon. The new company was given the temporary name of StatoilHydro, and the new company reached a size and strength for considerable international expansion. The company changed its name back to Statoil on 1 November 2009.

Norsk Hydro's oil history stretches back to the late 1960's, when the company was a license holder in the giant Ekofisk discovery in the North Sea in 1969.

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Last updated 19/11/09

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