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Already recognised as one of the most innovative and technology driven companies in the world, the company will, to reach this ambition, put even more efforts into becoming a world technology leader.

Statoil’s 2014 strategy update and corporate priorities send clear messages related to high-grading our portfolio for value growth, and the need to reduce costs and improve return on capital employed.

The corporate technology strategy’s focus on both value enhancing and cost effective solutions is well aligned with these messages. Increased focus on development and re-use of standardised technologies will be a key to success.

The purpose of the corporate technology strategy is to set the strategic direction for technology development and implementation to meet the corporate ambitions for 2020 and beyond.

The strategy focuses on prioritisation of technologies for value creation, growth and access.