Statoil's operational review is in accordance with the organisation of its operations, whereas certain disclosures about oil and gas reserves are based on geographical areas as required by the SEC.
Statoil prepares its operational review in accordance with its segment (business area) structure. Each business area is presented individually, and includes underlying business clusters according to how the business area organises its operations.
For further information on extractive activities, refer to sections 3.1 and 3.2 for descriptions of Exploration and Production Norway and International Exploration and Production, respectively.
Statoil prepares its disclosures for oil and gas reserves and certain other supplemental oil and gas disclosures based upon geographical areas as required by the SEC. The geographical areas are defined by continent, and consist of Eurasia, Africa and the Americas. Relevant information is further split into Norway and Eurasia excluding Norway.
For further information on disclosures for oil and gas reserves and certain other supplemental disclosures based upon geographical areas as required by the SEC, refer to the following sections 3.8 Production volumes and 3.9 Proved oil and gas reserves.
