Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Oslo Bors  >  Statoil ASA    STL   NO0010096985

News SummaryMost relevantAll newsSector newsTweets 

Statoil ASA : Limited production start-up at In Aménas

share with twitter share with LinkedIn share with facebook
share via e-mail
02/23/2013 | 04:27pm CEST

The In Aménas gas facilities in Algeria operated by the Joint Venture partners Sonatrach, BP and Statoil, initiated a limited production start-up yesterday, Friday 22 February.

Production from the plant's train 1 was started-up following a detailed review of technical integrity, security, and other conditions, and after the partners had concluded that the criteria required to ensure a safe restart of train 1 had been met. The remaining two production trains were damaged during the terror attack, and will not be put on stream until it is safe to do so.

The physical inspection of train 1 was conducted by Sonatrach on behalf of the Joint Venture, and the documentation has been fully reviewed by both Statoil and BP.

Lars Christian Bacher, executive vice president for Development and Production International in Statoil.

(Photo: Helge Hansen, Statoil)

"The Joint Venture has initiated a limited production start-up at In Amenas. We thank Sonatrach for the work they have done and continue to do on behalf of the Joint Venture, during this difficult time for everyone involved", says Lars Christian Bacher, executive vice president for Development and Production International in Statoil.

During the production start-up phase, the facilities will be operated by Sonatrach on behalf of the Joint Venture. Statoil and BP staff will not yet be redeployed but technical specialists will provide support when needed, in line with strict security procedures established for short-term visits.

Statoil is currently in a close dialogue with Algerian authorities, Sonatrach and BP about the necessary conditions for full production and a redeployment of staff.

"The safety and security of our people is our utmost priority. We will take whatever time needed to conduct all required assessments and reviews and take all necessary precautions before we consider a re-entry of Statoil personnel," says Bacher.

Coinciding with production start-up, Sonatrach will hold a commemoration ceremony at the In Amenas facilities Sunday 24 February in connection with the Algerian Day of Nationalisation of Hydrocarbons. A memorial monument with the names of the victims of the terror attack will also be unveiled.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on STATOIL ASA
03:28p STATOIL : Emerson & Statoil Complete Total Uncertainty Management Program
05/27 STATOIL : Emerson announces completing Statoil s uncertainty management contract
05/26 STATOIL : Gets Permission to Start Gina Krog Field Production
05/26 STATOIL : secures approval to start production from Gina Krog field, offshore No..
05/25 OCEANEERING INTERNATIONAL : Secures a Three-Year Extension of Operational Inspec..
05/25 STATOIL : Sells Common Shares of International Petroleum Corporation
05/25 STATOIL : New North Sea production to start in June
05/25 STATOIL : to start producing from Norway`s Gina Krog field
05/25 Wells Fargo & Company MN Has $172 Million Position in Statoil ASA
05/24 STATOIL : to drill new production well at Vigdis in the North Sea
More news
Sector news : Integrated Oil & Gas
05/26DJTOTAL : Reports Emissions at Refinery in Port Arthur, Texas
05/26 NK LUKOIL : Russia's Novak says may discuss adjustments to OPEC deal at monitori..
05/26DJROYAL DUTCH SHELL A : Motiva Reports Emissions at Refinery in Port Arthur, Texas
05/25 Russia says state firms should use IAS profit as base for dividends
05/25 European shares sputter near highs but OPEC disappointment hits oil stocks
More sector news : Integrated Oil & Gas
News from SeekingAlpha
05/24 Statoil set to start North Sea's Gina Krog oil and gas field
05/16 Statoil eyes U.S. Gulf of Mexico output up 50% by 2020
05/16 North Sea oil output set to jump by 400K bbl/day on new projects, efficiency
05/11 Oil Replacement Outlook In 5 Years Is Far Too Pessimistic
05/09 Statoil declares $0.2201 dividend
Financials ($)
Sales 2017 58 640 M
EBIT 2017 12 116 M
Net income 2017 3 757 M
Debt 2017 17 583 M
Yield 2017 4,93%
P/E ratio 2017 15,88
P/E ratio 2018 13,45
EV / Sales 2017 1,29x
EV / Sales 2018 1,18x
Capitalization 58 239 M
More Financials
Duration : Period :
Statoil ASA Technical Analysis Chart | STL | NO0010096985 | 4-Traders
Full-screen chart
Technical analysis trends STATOIL ASA
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 33
Average target price 18,8 $
Spread / Average Target 4,9%
Consensus details
EPS Revisions
More Estimates Revisions
Eldar Sætre President & Chief Executive Officer
Øystein Løseth Chairman
Jannicke Nilsson Chief Operating Officer & Executive Vice President
Hans Jacob Hegge Chief Financial Officer & Executive Vice President
Bjørn Tore Godal Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STATOIL ASA-5.49%58 239
ROYAL DUTCH SHELL A-6.52%226 880
TOTAL-2.64%132 016
ENI SPA-5.30%58 126
NK ROSNEFT' PAO--.--%57 012
More Results