Statoil has an office in Beijing which builds relations with Chinese national oil companies (NOCs) and authorities, aiming to develop new commercial opportunities in the country.
In February 2007, Statoil entered into a strategic cooperation with CNPC covering domestic and international E&P, R&D, gas value chain, new energy and down stream.
In February 2010, Sinopec and Statoil agreed to cooperate on their QiongDongNan deep-water block in South China Sea.We also cooperate with Chinese companies internationally.
The China National Offshore Oil Corporation (CNOOC) is a partner in several licences of Statoil’s Gulf of Mexico portfolio and Sinochem is a 40% partner in the Peregrino offshore development in Brazil.
Statoil has a history in China going back to the early 1980s. The Lufeng 22-1 offshore oil field in the South China Sea, which Statoil (75%) developed and operated from 1997 until the field was shut down in 2009, was in fact Statoil’s first international operatorship.
In July 2011, Statoil established a research center in Beijing working on seismic imaging and EOR and is cooperating on R&D and technology development with the Chinese NOCs and some of China’s leading universities.
In January 2011, Statoil established strategic procurement presence in the Statoil China offices. The objective is to add more competition into the Statoil supplier base. The department performs targeted screening of suppliers in the Asia-Pacific region, as well as support in the prequalification and execution phases.
Official name: People’s Republic of China
Population: about 1.321 billion
Form of government: Communist one-party state
Language: Mandarin (official)
Religion: Atheist (official)
Currency: Yuan (Renminbi, RMB)
Source: Ministry of Foreign Affairs, Norway