Chemicals / oils / paints
Western Norway

Statoil Asa
Creative energy in the service of sustainable energy

Statoil is committed to using its creative energy for the development of sustainable energy. With the launch of the Hywind project, the company has pioneered the world’s first full-scale floating wind turbine. Statoil is also involved in some of the world’s largest CO2 capture and storage projects, and it is the developer and joint owner of Sheringham Shoal, a 315 MW offshore wind farm. In these efforts and more, Statoil is putting years of expertise in the oil and gas industry to work generating sustainable energy for the future.

The Hywind project pushes the envelope of current technology by deploying the world’s first full-scale floating wind turbine. This innovation can open new horizons for the wind industry by creating turbines able to be located in productive deepwater environments. Thanks to Hywind’s steel jacket floating structure and 100 metre subsurface ballast as well as a three-anchor seabed fastening system, the turbine is able to withstand the turbulent conditions of deepwater while continuing to produce power.

Sheringham Shoal Offshore Wind Farm
Developed by Statoil and jointly owned by the company (with Statkraft), the Sheringham Shoal 315 MW Offshore Wind Farm project is being constructed between 17 and 23 kilometres (10 to 15 miles) off the coastline north of Sheringham and Cromer, close to international waters. Upon completion, the diamond-shaped wind farm will cover about 35 square kilometres (13 square miles), hosting 88 wind turbines on fixed seabed foundations along with two offshore substations. Sheringham Shoal will generate an estimated 1.1 TWh annually, roughly equivalent to the annual energy consumption of 220,000 British homes. As an alternative to fossil fuels, the wind farm will reduce CO2 emissions by approximately 500,000 tonnes per year.

The Sheringham Shoal wind farm will create enough renewable energy to power 220,000 British homes. © Statoil/Harald Pettersen


Carbon Capture & Storage
A vital element in worldwide efforts to reduce the effects of climate change, carbon capture and storage (CCS), is a complex and technologically demanding process. Statoil has a long history as a true pioneer in CCS and currently operates some of the world’s largest projects in the process. Building on its experience in the field, Statoil is currently focusing primarily on storage as we move towards creating business models for CCS.

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  • Finance
    Total revenues: 370.559.151
    Operating profit: 43.266.777
    Operating profit before tax: 45.847.400
    Total assets: 788.611.676
    Total equity: 320.824.275
    Currency: NOK (all numbers in thousands)
  • Management
    Board Chairman:
    Jon Erik Reinhardsen

    Board Members:
    Anne Drinkwater
    Bjørn Tore Godal
    Der Veer Jeroen Van
    Jonathan James Muschamp Lewis
    Per Martin Labråten
    Rebekka Glasser Herlofsen
    Stig Lægreid
    Valerio Ingrid E Di
    Wenche Marie Agerup

    General Manager:
    Eldar Sætre

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