2006 reports online today

March 30, 2007, 13:00 CEST

Statoil's annual report and accounts and sustainability report will be posted on the group's website today, 30 March at 12:00 CET.

At the same time an e-mail will be sent to shareholders who have opted to receive the reports electronically. The printed versions will be distributed from 16 April.

The theme for the annual report is Statoil as a user and developer of new technology. The sustainability report’s theme is Statoil’s work to reduce greenhouse gas emissions.

Statoil's 2006 annual profits were NOK 40.6 billion. This is an entire 32% increase on 2005, which was also a record year.

We are well equipped for increased competition and are a company with a great ability to create value and results. The will to grow and shape the future is strong, writes chief executive Helge Lund in his foreword to the annual report.

The company strongly increased its exploration activity in 2006 with 37 completed wells compared to 20 the previous year. Nine new projects came into production with 2006 otherwise characterised by good HSE results and by the will to combat climate challenges with new industrial solutions, Mr Lund continues.

The online version of the annual report and accounts and sustainability report have been revised and expanded.

"New in this year’s electronic version is that important interviews, topics and main chapters are presented with extensive use of images, video clips and animations in addition to web-friendly text and pdf files," says Gjertrud Lindberg, web editor in ICOM.

Statoil is also publishing a summary of both reports which will be available in eight languages in total this year - Norwegian, English, French, Spanish, Russian, Farsi, Portuguese and Azeri. The 24-page highlights will contain the director’s report as well as around 40 summarised versions of most of the subjects addressed in the main reports.

Statoil’s 2006 annual report is the last one before the planned merger with Hydro’s oil and gas division comes into effect. It is the company’s 34th, and has little in common with the first one, which covered the period from the founding of the company on 18 September 1972 to the end of that year.

Back then, company accounts were hand-written and listed expenses of NOK 111,567. Income amounted to NOK 6,333 in the form of interest and bank deposits. Equivalent respective figures for the 2006 accounts are NOK 308,285 million and NOK 425,166 million.

Further information from:

Investor relations
Lars Troen Sørensen, senior vice president for investor relations, + 47 90 64 91 44 (mobile), +47 51 99 77 90 (office)
Geir Bjørnstad, vice president for investor relations USA: +1 (203) 978 69 50 (mobil)

Ola Morten Aanestad, vice president for media relations, +47 48 08 02 12 (mobile) +47 51 99 13 77 (office)