Statoil ASA is a public limited liability company organised under the laws of Norway and subject to the provisions of the Norwegian act relating to public limited liability companies (the Norwegian Public Limited Companies Act). Statoil is the leading operator on the Norwegian continental shelf (NCS). It is also expanding its international activities.
Entitlement oil and gas production outside Norway accounted for 19.6% of our total production, which averaged 1,650 mmboe per day in 2011.
As of 31 December 2011, we had proved reserves of 2,276 mmbbl of oil and 3,150 bcm (equivalent to 17,681 tcf) of natural gas, corresponding to aggregate proved reserves of 5,426 mmboe.
We have business operations in 41 countries and territories. As of 31 December 2011, there were 31,715 employees in the Statoil group. Of this total, 10,385 were employees of the Statoil Fuel & Retail group, in which we held a 54% majority ownership interest as of 31 December 2011.We are among the world's largest net sellers of crude oil and condensate, and we are the second-largest supplier of natural gas to the European market. We also have substantial processing and refining operations. We are contributing to the development of new energy resources, have ongoing activities in the areas of offshore wind and biofuels, and are at the forefront of the implementation of technology for carbon capture and storage (CCS).
In further developing our international business, we intend to utilise our core expertise in areas such as deep water, heavy oil, harsh environments and gas value chains in order to exploit new opportunities and develop high-quality projects.
Our business address is Forusbeen 50, NO-4035 Stavanger, Norway. Our telephone number is +47 51 99 00 00. Our largest locations in terms of the number of employees are in Stavanger, Bergen and Oslo, Norway.
The Statoil group, the main business areas and staff functions are presented in the following sections of this report.The figure below provides an overview of the countries and territories in which Statoil has business operations.