NORWEGIAN STATOIL - AN ARCTIC AGRESSOR

Statoil facts The Norwegian State owns two thirds of Statoil’s shares.

Statoil’s net operating income in 2012 was 27,6 billion Euros.

Statoil are involved in 36 countries, including unconventional oil extraction in its tar sands operations in Canada and shale gas and tight oil in the US. Statoil tripled Arctic investments from 11 million Euros in 2012 to 33 million in 2013 Statoil holds offshore drilling licenses in all five regions around the Arctic Ocean.

Norway does not allow drilling in icy waters on its own shelf. As a minimum, its oil company should follow the same standards elsewhere in the Arctic.

Statoil tar sands facility in Alberta, Canada. © Martin Norman / Greenpeace