“Strong focus on cost and financial discipline last year has enabled us to maintain a strong balance sheet while protecting our investment programme through the downturn,” writes chief executive Helge Lund in the introduction to the annual and sustainability report.
He notes that important milestones were achieved during 2009 on the Norwegian continental shelf, in the international upstream business and within new energy.
Helge Lund, konsernsjef
“Last year, Statoil launched a new vision – crossing energy frontiers,” writes Lund. “To me, this vision symbolises our pioneering spirit and it represents what we have to do in order to prevail in the evolving business environment.
“Based on our capabilities, excellent people, large resource base of 22 billion boe and a solid project portfolio, I firmly believe that we have a good position to deliver profitable growth towards 2012 and beyond.”
The HTML version of the Form 20F report will be available on the US Securities and Exchange Commission’s website in the Edgar database at http://www.sec.gov from 16.00 Central European Time (09.00 Eastern Standard Time) today.
The legally required part of the annual and sustainability report will be available in a printed version on 26 April at the latest, together with the printed version of Form 20-F.
At that time, the report will be distributed electronically to those shareholders who have opted to receive the report in this form.
The printed version will be distributed to the remaining shareholders registered in the Norwegian Central Securities Depository (VPS). Others interested can use the order form at http://www.statoil.com/orderreports.
Contacts
Investor relations
Lars Troen Sørensen, senior vice president, +47 90 64 91 44 (mobile)
Geir Bjørnstad, vice president for investor relations, USA: +1 203 978 69 50 (mobile)
Press
Ola Morten Aanestad, vice president for media relations, +47 48 08 02 12 (mobile)