Statoil publishes annual and sustainability report for 2009
(Thomson Reuters ONE) -
Statoil (OSE: STL, NYSE: STO) published the group's annual and sustainability
report for 2009 on its website today, 26 March, as well as its US annual report
and accounts on Form 20-F.
"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.
"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 reports will be published on Statoil's website at http://www.statoil.com/.
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)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1398063]
Statutory report 2009: http://hugin.info/132799/R/1398063/353847.pdf
Annual Report on Form 20F 2009: http://hugin.info/132799/R/1398063/353848.pdf
In Brief: http://hugin.info/132799/R/1398063/353854.pdf
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Datum: 26.03.2010 - 02:33 Uhr
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