We aim to be a partner of choice by creating local content and generating positive spin-offs from our core business in support of the development ambitions of host countries.

Because the nature of our business requires highly specialised skills and technology, there is always the risk that direct benefits are confined to a relatively small minority, leaving others potentially excluded.

We proactively recruit locally, by demonstrating that we are a good employer that offers a safe working environment, attractive training opportunities and builds on local competence. We promote local sourcing and work with local businesses as suppliers and contractors where they exist, and invest in developing sustainable and competitive local enterprises.

We support education and skills development in the local community and among our suppliers and contractors to build lasting capacity and to help them develop the skills, standards and certifications required for them to work in the oil and gas industry.

Our business generates substantial direct and indirect economic activity. In 2008, the group recorded a profit of NOK 198.8 billion before financial items, other items, taxes and minority interests. Excluding petroleum products, the group purchased goods and services valued at NOK 123.3 billion. The group paid NOK 172.4 billion in direct and indirect taxes. Economic activity relating to direct and indirect employment and dividend paid to the owners come in addition.

In 2008 we have invested in skills and capacity-building among local employees, potential recruits and communities in Algeria, Angola, Brazil, Canada, Iran and Venezuela, and have contributed to the development of local suppliers in Azerbaijan, Canada, Georgia and Russia, among others.