Statoil has a business development office in Beijing which builds relations with Chinese national oil companies (NOCs) and authorities, aiming to develop new commercial opportunities in the country.

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.