Our office in Houston manages Statoil's portfolio in the US. It currently accounts for a production of more than 50,000 barrels of oil equivalent per day, and several exciting projects have been initiated. This production will double in short time, as the Tahiti field is now on stream in the Gulf of Mexico.

We have developed a deepwater portfolio of high-quality fields in the Gulf of Mexico through a combination of acquisitions and exploration activities.

With shares in more than 400 licences we are one of the largest deep water operators in the Gulf of Mexico.

The Q field in the Mississippi Canyon became the first Statoil-operated field in the Gulf of Mexico when it came on stream in 2008.

High activity

In 2008 we added land-based gas to our activities by acquiring a 32.5% interest in Chesapeake’s Marcellus shale gas acreage.

We have also established a strategic alliance with Chesapeake to jointly explore unconventional gas opportunities worldwide.

Statoil established an office in Houston in 2002.