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Research Tree provides access to ongoing research coverage, media content and regulatory news on STATOIL ASA. We currently have 16 research reports from 3 professional analysts.

Date Source Announcement
15Dec16 11:31 GNW Statoil ASA: Completion of share capital increase in connection with the Dividend Issue for second quarter 2016
15Dec16 07:28 GNW Statoil ASA: Allocation of Dividend Shares to primary insiders
15Dec16 07:23 GNW Statoil ASA: Result of the Dividend Issue for the second quarter 2016
14Dec16 07:29 GNW Statoil ASA: Statoil's share saving plan allocates shares
12Dec16 06:02 GNW Statoil ASA: Notifiable trading
05Dec16 06:51 GNW Statoil ASA: Subscription price set for the Dividend Issue for the second quarter 2016 under the Scrip Dividend Programme
21Nov16 06:51 GNW Statoil ASA: Commencement of subscription period for the Dividend Issue for the second quarter 2016 under the Scrip Dividend Programme
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Johan Sverdrup: lower cost, higher production

  • 29 Aug 16

Statoil is the operator of Sverdrup and owns a 40% stake, Lundin Petroleum holds 22.6%, Det Norske 11.5%, Petoro 17.4% and Maersk 8.44%. The company announced on Monday morning (29 August) that the Johan Sverdrup field costs have decreased even more than expected. According to the company, the first phase is currently estimated to be NOK99bn (capex numbers in nominal terms based on the project’s currency), a reduction of NOK24bn since the PDO was submitted. The present break-even is now reduced to below $25/bbl for phase 1. The improvements for phase 1 have been achieved by higher drilling and well efficiency, and the high quality of project planning and execution. The Johan Sverdrup project will be developed in several phases, and a comprehensive effort has been made to develop the concept for the full-field development of Johan Sverdrup. The estimate for the full-field investment has been improved from a range of NOK170–220bn in 2015 to NOK140–170bn. The improvements made for the Johan Sverdrup full-field development are mainly a result of optimisation and simplification of the development concept for future phases, in close cooperation with the supplier industry. Phase 1 production capacity is currently estimated at 440kbpd. The PDO originally estimated the phase 1 production capacity to be between 315kbpd and 380kbpd. So far, the Johan Sverdrup partners have agreed on expanding the production capacity on Johan Sverdrup by introducing an extra processing platform at the field centre. This will increase the expected full production capacity on the Johan Sverdrup full field to 660kbpd Since the PDO for the first phase was submitted the range of the full-field resource estimate has improved from 1.7-3.0 to 1.9-3.0 billion barrels of oil equivalent. The PDO for phase 1 of Johan Sverdrup originally called for the project’s pre-sanction (DG2) of future phases in 2016 and the final investment decision at the end of 2017. According to an updated plan, the project’s pre-sanction will be made in the first half of 2017, and a final investment decision will be reached and PDO will be submitted in the second half of 2018. Full-field production start will be in 2022, as originally planned. For more details: http://www.statoil.com/en/NewsAndMedia/News/2016/Pages/JSaug2016.aspx