Statoil

oslo : STL


March 22, 2013 03:07 ET

Statoil publishes Annual and Sustainability Report for 2012

STAVANGER, NORWAY--(Marketwire - Mar 22, 2013) - Statoil (OSE:STL, NYSE:STO) published the group's Annual and Sustainability Report for 2012 on its website today, 22 March, as well as its US Annual Report and accounts on Form 20-F.

"During 2012, Statoil made good operational and strategic performance. We increased our production by 8% in 2012, in line with the target we announced in 2011, and financial results and cash flows were solid," writes chief executive Helge Lund in his introduction to the annual and sustainability report.

Statoil continued its strong exploration performance, adding more than 1.5 billion barrels in new resources in 2012, its best result in more than a decade. In addition the company secured access to new acreage that will be important for the long term development of Statoil.

"Safe, secure and efficient operations remain our key priorities. Over the past years we have made good progress and our strong performance continued in 2012. However, in January 2013 we experienced great sorrow. Five of our esteemed colleagues lost their lives in the terrorist attack on the In Aménas gas facility in Algeria. Our thoughts and sympathies are with everyone affected by this tragedy. Maximising learning from this incident will be a key priority for Statoil in 2013 and beyond," writes Lund.

Statoil's annual report presentation this year features an interactive feature which enables users to further analyse the company's performance in a range of dimensions. Our sustainability reporting is also integrated in the report. "This reflects our commitment to long-term, sustainable growth in line with the principles of the UN Global Compact," Lund writes.

The HTML version of the Form 20-F report will be available on the US Securities and Exchange Commission's website in the Edgar database at www.sec.gov from 16.00 Central European Time (11.00 Eastern Standard Time) today.

The legally required part of the annual and sustainability report will be available in a printed version on 15 April at the latest, together with the printed version of Form 20-F and Statoil In Brief 2012/2013.

At that time, the report will be distributed electronically to those shareholders who have opted to receive the report in this form.

Interested parties can download parts of or the report in its entirety at www.statoil.com/downloads, while printed versions can be ordered at www.statoil.com/orderreports.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Annual report 2012 on Form 20-F: http://hugin.info/132799/R/1687347/553347.pdf

Statutory report 2012: http://hugin.info/132799/R/1687347/553327.pdf

Statoil In Brief 2012-13: http://hugin.info/132799/R/1687347/553348.pdf


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE

[HUG#1687347]

Contact Information

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