Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 07/27 04:25:18 pm
140.6 NOK   -1.54%
12:06a STATOIL ASA : Energy giants` earnings slump on low oil prices
07/27 STATOIL ASA : makes North Sea oil and gas discovery
07/27 STATOIL ASA : chief ‘very confident’ oil prices will ris..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Statoil ASA : Limited production start-up at In Aménas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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
0
Latest news on STATOIL ASA
12:06a STATOIL ASA : Energy giants` earnings slump on low oil prices
07/27 STATOIL ASA : makes North Sea oil and gas discovery
07/27 STATOIL ASA : chief ‘very confident’ oil prices will rise as firm tu..
07/27 STATOIL ASA : Gets North Sea Drilling Approval
07/27 Cyprus says Statoil, Exxon, ENI, Total interested in offshore gas
07/27 ExxonMobil, ENI, Total, Delek and Statoil among 3rd round bidders
07/27DJStatoil Cuts Spending After Posting a Net Loss
07/27 STATOIL ASA : Lower oil prices push Norway's Statoil to Q2 loss
07/27DJSTATOIL ASA : Falls to Net Loss, Cuts Spending -- Update
07/27 STATOIL ASA : Fluenta signs two-year agreement with Statoil
More news
Sector news : Integrated Oil & Gas
07/27 Cyprus says Statoil, Exxon, ENI, Total interested in offshore gas
07/27DJStatoil Cuts Spending After Posting a Net Loss
07/27DJBASF Profit Retreats on Falling Oil, Gas Prices
07/26DJENI : 2Q 2016 -- Forecast
07/26DJBP Posts Third Loss in a Row
More sector news : Integrated Oil & Gas
News from SeekingAlpha
07/27 Statoil ASA (STO) Q2 2016 Results - Earnings Call Transcript
07/27 Statoil ASA 2016 Q2 - Results - Earnings Call Slides
07/27 Statoil misses on revenue
07/27 Statoil -4% following surprise Q2 loss, capex cuts
07/27 WALL STREET BREAKFAST : Earnings Season Kicks Into High Gear
Advertisement
Financials ( NOK)
Sales 2016 421 661 M
EBIT 2016 48 377 M
Net income 2016 14 294 M
Debt 2016 164 755 M
Yield 2016 5,01%
P/E ratio 2016 29,00
P/E ratio 2017 15,22
EV / Sales 2016 1,48x
EV / Sales 2017 1,23x
Capitalization 457 765 M
More Financials
Chart STATOIL ASA
Duration : Period :
Statoil ASA Technical Analysis Chart | STL | NO0010096985 | 4-Traders
Full-screen chart
Technical analysis trends STATOIL ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 143  NOK
Spread / Average Target 0,47%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Øystein Løseth Chairman
Anders Opedal Chief Operating Officer
Hans Jacob Hegge Chief Financial Officer & Executive Vice President
Margareth Øvrum Executive VP-Technology, Projects & Drilling
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STATOIL ASA17.14%53 473
PETROCHINA COMPANY LIM..-12.81%192 331
TOTAL2.39%116 750
ENI SPA3.12%56 103
ROSNEFT' NK OAO--.--%53 024
PETROLEO BRASILEIRO SA..78.21%51 602
More Results