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

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

Mes dernières consult.
Most popular
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 CET

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
03:05a STATOIL : Jerry Brown has meeting in Norway about California's offshore wind pot..
11/24 STATOIL : 'We can become international leaders in floating offshore wind'
11/24 STATOIL : Hywind Scotland 'being watched around the world'
11/24 STATOIL : Dudgeon offshore wind farm officially opened
11/24 STATOIL : UAE’s Masdar opens 3rd clean energy project in UK
11/24 STATOIL : and partners open 402MW Dudgeon offshore wind farm in UK
11/24 STATOIL : Masdar opens third big wind farm in UK
11/23 STATOIL : UAE's Masdar inaugurates third wind farm in UK
11/23 STATOIL : Masdar inaugurates third wind farm in UK
11/23 STATOIL ASA : - Commencement of subscription period for the Dividend Issue for t..
More news
News from SeekingAlpha
11/21 Statoil CEO pledges not to invest in heavy oil in quest for cleaner crude
11/20 Oil Market Bottoms In 2017
11/17 Statoil eyes increased exploration off Norway's coast in 2018
11/17 WALL STREET BREAKFAST : NAFTA Talks Resume In Mexico City
11/16 Norway's $1T wealth fund considers exiting oil and gas stocks
Financials ($)
Sales 2017 59 653 M
EBIT 2017 11 908 M
Net income 2017 3 501 M
Debt 2017 15 994 M
Yield 2017 4,31%
P/E ratio 2017 19,17
P/E ratio 2018 17,90
EV / Sales 2017 1,40x
EV / Sales 2018 1,37x
Capitalization 67 439 M
Duration : Period :
Statoil Technical Analysis Chart | STL | NO0010096985 | 4-Traders
Technical analysis trends STATOIL
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 33
Average target price 20,0 $
Spread / Average Target -2,4%
EPS Revisions
Eldar Sætre President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer
Hans Jacob Hegge Chief Financial Officer & Executive Vice President
Bjørn Tore Godal Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
STATOIL4.99%67 439
TOTAL-2.71%141 543
ENI-10.41%59 674