Ten years as a listed company
2001 - 2011
No necessary connection exists between the incidents in this timeline and the development of Statoil’s share price.
Historic decision for the group
April 2001
The Norwegian Storting (parliament) votes on 26 April to list the group on the stock exchange.
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SDFI deal agreed
May 2001
Statoil acquires 15% of the State’s Direct Financial Interest (SDFI) in fields on the Norwegian continental shelf.
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The Statoil share website opens
May 2001
The specially created statoilaksjen.no website is launched to let private investors subscribe to Statoil shares.
Statoil is listed
June 2001
A new era in the group’s history opens on 18 June, when chief executive Olav Fjell presses the button to start trading
in the Statoil share on the Oslo Stock Exchange.
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Share sale to employees outside Norway
November 2001
Some 6,000 people employed in the group’s wholly owned subsidiaries outside Norway are offered the chance to buy shares in the parent company, Statoil ASA.
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First AGM after listing
May 2002
Statoil holds its first annual general meeting since it was partially privatised and listed on the stock exchange.
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Thirtieth anniversary
August 2002
A number of former Norwegian petroleum and energy ministers are joined by two former chief
executives – Arve Johnsen and Harald Norvik – when Statoil celebrates three decades in operation.
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Operator in Iran
October 2002
An agreement with Iran’s Petropars company makes Statoil operator for the offshore part of phases six, seven and
eight in the development of the South Pars gas field in the Persian Gulf. This is the group’s first development contract in the Middle East.
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Access to the US gas market secured
October 2002
An agreement with El Paso Merchant Energy LP gives Statoil rights for 20 years to a third of the capacity
at the Cove Point liquefied natural gas (LNG) terminal in Maryland.
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Change of operator completed
December 2002
Statoil takes over the operatorship of the Snorre, Visund, Tordis and Vigdis fields in the North Sea from Norsk Hydro.
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First LNG cargo to the USA
September 2003
Statoil receives its first cargo of liquefied natural gas (LNG) at the Cove Point terminal in Maryland.
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Ten years with Troll gas sales
October 2003
A decade of deliveries to continental Europe under the Troll gas sales agreements can be celebrated.
Before the actual Troll field came on stream in 1996, commitments under these contracts were met from Sleipner East in the North Sea.
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Success field inaugurated
April 2004
The Mikkel gas discovery operated by Statoil in the Norwegian Sea is officially inaugurated.
This subsea development is tied back to the Åsgard B gas treatment platform.
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Helge Lund becomes chief executive
April 2004
Helge Lund is appointed the new chief executive of Statoil, and takes office on 15 August.
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Government reduces holding
July 2004
The Norwegian state’s shareholding in the group is reduced from 81.7% to 77.1% after the
Ministry of Petroleum and Energy sells 100 million Statoil ASA shares.
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First gas from Algeria
July 2004
Gas deliveries begin on 18 July from Algeria’s In Salah development in the Sahara desert, which is operated by BP, Sonatrach and Statoil.
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First gas from Kvitebjørn
September 2004
The Kvitebjørn gas and condensate field operated by Statoil in the North Sea begins production on 26 September.
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Celebrating 25 years on Statfjord
November 2004
Statfjord in the North Sea celebrates 25 years on stream. This giant field has produced oil and gas worth a total of NOK 1,045 billion over this period.
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Drilling under way on Snøhvit
January 2005
The Polar Pioneer rig is under way with the first of 10 wells on the Statoil-operated Snøhvit field in the Barents Sea.
This one will be used to inject carbon dioxide.
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Trading starts with emission allowances
February 2005
Statoil makes the first trade when Nord Pool opens Europe’s first trading floor for carbon dioxide emission allowances.
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Deepwater licences acquired in US Gulf
April 2005
Statoil acquires the whole of Encana’s deepwater portfolio in the Gulf of Mexico for USD 2 billion.
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Celebrating 30 years at Mongstad
June 2005
The Mongstad refinery can celebrate its 30th anniversary, having grown into a powerhouse
for Norwegian oil and gas processing as well as a substantial industrial employer in Norway.
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First gas from Visund
October 2005
Gas exports from the Visund platform in the North Sea begin on 7 October.
This installation has been modified to deliver close to five billion cubic metres of gas per year.
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Snorre A blowout causes analysed
November 2005
An extensive causal analysis of the gas blowout on Statoil’s Snorre A platform on 28 November 2004 has been
submitted to the Petroleum Safety Authority Norway (PSA).
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World’s first offshore project on carbon dioxide for EOR
March 2006
Shell and Statoil join forces to pursue a large-scale project on using carbon dioxide for enhanced oil recovery (EOR) from offshore fields.
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First gas from In Amenas
June 2006
Production starts from Algeria’s In Amenas gas project, where Statoil has a 50% holding.
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Another 20 years for Gullfaks
August 2006
The Gullfaks field in the North Sea has been on stream for 20 years and should have been shut down under the original plans.
Operator Statoil aims to keep it going for at least another two decades.
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Kristin inaugurated
September 2006
The Kristin gas and condensate field in the Norwegian Sea is officially inaugurated.
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World’s deepest concert on Troll A
October 2006
The Troll A platform, heart of the Norwegian gas machine, celebrates its 10th anniversary with the world’s deepest subsea concert.
Katie Melua creates a fantastic atmosphere at a depth of 303 metres.
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Licence award off Egypt
December 2006
Statoil is awarded its first holding in a deepwater licence off Egypt.
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Shah Deniz on stream
December 2006
Production begins from the world’s largest gas field, Shah Deniz in Azerbaijan’s sector of the Caspian.
Statoil has a 25.5% holding in the field.
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Indonesian holding secured
January 2007
Statoil is awarded its first licence interest in a deepwater block off Indonesia.
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Integration planning kicks off
January 2007
Planning begins on integrating oil and gas activities in Hydro and Statoil.
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Merged company established as StatoilHydro
March 2007
The respective boards agree that the company to be established by merging Hydro’s oil and energy business with Statoil is to be called StatoilHydro.
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Snøhvit subsea installations on stream
May 2007
The subsea installations on Snøhvit outside Hammerfest in northern Norway come on stream.
This is the first field on the Norwegian continental shelf to be remotely operated from land.
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Shah Deniz gas reaches Turkey
July 2007
A milestone is passed by Statoil when first gas from Azerbaijan’s Shah Deniz field flows into Turkey.
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Snøhvit LNG output starts
September 2007
Statoil starts production of liquefied natural gas (LNG) at the Melkøya terminal for the Snøhvit pipeline outside Hammerfest in northern Norway.
The world’s northernmost gas liquefaction plant has taken five years to build.
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A Norwegian energy company on a global scale
October 2007
The merger between Statoil ASA and Hydro’s oil and energy business is completed.
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Royal inauguration for Ormen Lange
October 2007
The inauguration of Ormen Lange by HM King Harald of Norway marks the start of major gas deliveries
to the UK and the completion of a development project which demonstrates Norwegian offshore expertise and collaboration at its best.
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Deepwater GoM field on stream
October 2007
Production begins from Q, the first deepwater field operated by StatoilHydro in the Gulf of Mexico.
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Agreement with Gazprom
October 2007
StatoilHydro signs an agreement with Gazprom to become a partner in phase one of the Shtokman gas project in the Russian Barents Sea.
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Oil leak on Statfjord
December 2007
About 27,500 barrels of oil from Statfjord in the North Sea are spilt on 12 December from a holed hose on the seabed.
This happens during loading of crude into the Navion Britannia shuttle tanker.
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Norwegian gas arrives in the USA
February 2008
The first cargo of Snøhvit gas arrives at the Cove Point receiving terminal in Maryland.
This is the first time that the world’s largest energy market has been supplied with natural gas from Europe.
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Substantial operator in Brazil
March 2008
StatoilHydro acquires the remaining 50% of Brazil’s Peregrino project and becomes a substantial operator in the Latin American country.
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First full-scale floating wind turbine
May 2008
StatoilHydro decides to build the world’s first full-scale floating wind turbine, and to test it over a two-year period off Karmøy north of Stavanger.
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Strategic gas alliance in the USA
November 2008
StatoilHydro acquires a 32.5% stake in the shale gas area held by Chesapeake – one of America’s leading gas players – in the
Marcellus formation. This acreage covers 7,300 square kilometres in the Appalachian region of the north-eastern USA.
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Two decades for Oseberg
December 2008
The Oseberg field centre celebrates its 20th anniversary. Since it came on stream, this North Sea development has created more than NOK 400 million in value.
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Joint venture on offshore wind farm
April 2009
StatoilHydro and power generator Statkraft join forces to develop an offshore wind farm at Sheringham Shoal off Norfolk in the UK.
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Bahamas terminal acquired
July 2009
StatoilHydro buys the South Riding Point crude oil terminal on Grand Bahama Island in the Bahamas.
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Floating wind turbine inaugurated
September 2009
StatoilHydro’s Hywind pilot project – the world’s first full-scale floating wind turbine – is officially opened.
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StatoilHydro becomes Statoil
November 2009
StatoilHydro ASA changes its name to Statoil ASA and adopts its new visual identity.
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Horton affair concluded
November 2009
The Horton affair is brought to a close through a settlement with the US Securities and Exchange Commission (SEC),
the Department of Justice (DoJ) and the US Attorney’s Office for the southern district of New York (USAO).
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Statfjord celebrates 30 years on stream
November 2009
Thirty years after production began on Statfjord, one of the North Sea’s largest oil discoveries has become a gas field.
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Wind power contract off the UK
January 2010
The Forewind consortium, comprising Statoil, Statkraft, Scottish and Southern Energy (SSE) and RWE npower,
secures rights to develop wind farms on the Dogger Bank off Yorkshire.
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Fuel & Retail listed
October 2010
Statoil’s energy and retailing business, Fuel & Retail, is listed on the Oslo Stock Exchange.
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Kårstø reaches 25
October 2010
Dry gas has flowed for 25 years from Kårstø north of Stavanger via the Statpipe/Norpipe system to Emden in Germany.
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US land-based portfolio strengthened
October 2010
Statoil strengthens its portfolio of land-based projects in the USA by securing a stake in the Eagle Ford shale gas area in south-west Texas.
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Gjøa comes on stream
November 2010
Production begins from the Gjøa oil and gas field off western Norway. Statoil transfers the operatorship to GDF Suez E&P Norge AS in the same month.
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Production starts in Canada
January 2011
Statoil Canada’s oil sands project in the Athabasca region of north-eastern Alberta comes on stream.
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Tyrihans officially inaugurated
March 2011
The Tyrihans subsea development in the Norwegian Sea is officially inaugurated.
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Substantial Barents Sea find
April 2011
Together with its Eni Norge and Petoro partners, Statoil makes a substantial oil discovery in the Skrugard prospect.
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Start to production off Brazil
April 2011
Statoil brings the Peregrino oil field off Brazil on stream.
Norway’s Crown Prince Haakon undertakes the official opening on 24 May.
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Ten years as a listed company
June 2011
Celebrating its ten years anniversary as a publicly listed company, Statoil expands on its outlook for the coming years at the Capital Markets Day at the New York Stock Exchange.
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