Investigation into the Horton case

July 29, 2004, 13:05 CEST

Statoil has been informed by the United States Department of Justice that it will conduct a criminal investigation of the Horton matter. This will be done jointly with the Office of the United States Attorney for the Southern District of New York.

The investigation comes in addition to the inquiry initiated by the US Securities and Exchange Commission (SEC) in September 2003.