Statoil ASA is a public limited company organised under the laws of Norway. The largest offices are in Stavanger, Bergen and Oslo, and the group had
approximately 29,000 employees as of 31 December 2009.

The combined exploration and production business had an average equity liquids and natural gas production of 1,962 mmboe per day, and as of 31 December 2009, Statoil had proved reserves of 2,174 mmbbl of oil and 514 bcm of natural gas, corresponding to aggregate proved reserves of 5,408 mmboe.

Statoil ranks among the world's largest net sellers of crude oil and condensate and is the second largest supplier of natural gas to the European market. We have also substantial processing and refining activities and have approximately 2000 service stations in Scandinavia, Poland, the Baltic
States and Russia.

Statoil is contributing to developing new energy resources, and have ongoing activities in the fields of wind power and marine biofuels. The company is at the forefront in implementing technologies for carbon capture and storage (CCS).

In further developing our international business, Statoil intends to utilise its core expertise in areas such as deep waters, heavy oil, harsh environments and gas value chains in order to exploit new opportunities and execute high quality projects.

Statoil business areas are presented below:

Exploration & Production Norway is responsible for Statoil's exploration, field development and production operations on the Norwegian Continental Shelf
(NCS). Total production amounted to 1.45 mmboe per day in 2009, representing 74% of Statoil's equity production.The business area had approximately 8,000 employees as of 31 December 2009.

International Exploration & Production is responsible for exploration, development and production of oil and gas outside the NCS. Total production
amounted to 512 mboe per day in 2009, representing 26% of Statoil's equity production. The business area had approximately 1,700 employees as of 31
December 2009.

Natural Gas is responsible for Statoil's transportation, processing and marketing of pipelined gas and LNG worldwide, including the development of
additional processing, transportation and storage capacity. The business area had approximately 1,300 employees as of 31 December 2009.

Manufacturing & Marketing is responsible for the processing and sale of our production of crude oil and natural gas liquids (NGL), and the sale of refined
products. The business area also markets and sells the Norwegian State's volumes of crude and NGL. The business area had approximately 11,300
employees as of 31 December 2009.

Technology & New Energy is responsible for the development of technology and renewable energy. The business area had approximately 2,800
employees as of 31 December 2009.

Projects is responsible for planning and executing all development and modification projects exceeding NOK 50 million. The business area had
approximately 1,100 employees as of 31 December 2009.