Prize for Etanor

October 24, 2000, 10:00 CEST

The Etanor investment company part-owned by Statoil has been awarded the natural gas prize for 2000 by the Norwegian Petroleum Society.

With Norsk Hydro, Shell, ExxonMobil, Conoco and the state's direct financial interest (SDFI) as its other shareholders, Etanor has built the ethane extraction plant at Statoil's Kårstø gas treatment complex north of Stavanger.

The award noted that this investment represents a significant enhancement of value creation within Norway based on natural gas.

"This was a gratifying acknowledgement," says Tor K Kristiansen, president of Etanor. "It shows that what we've done is important."

He was presented with the prize – awarded for the fifth time – at the Natural Gas Conference 2000 in Oslo on 23 October.