As the Norwegian petroleum industry
started to grow in the late 1960s, along with it emerged Statoil. Today,
Statoil is one of the biggest suppliers of petroleum products in the world.
The Norwegian State Oil Company or
Statoil started in 1972, just two years before the Statfjord oil field was discovered in the
North Sea. Statfjord started producing
petroleum in 1979. Statoil is the first Norwegian petroleum company to operate
for Statfjord in 1981.
Statoil forged a merger with Norsk
Hydro on October 1, 2007 and birthed StatoilHydro. The merger had the size and
strength of a company that is positioned for international expansion. On
November 1, 2009, the company’s name was officially changed to Statoil.
Statoil had a wonderful contribution
to Norway’s petroleum industry, making Norway a strong industrial nation that it is
today. Norway is one of the most petroleum-rich nations and has functioned as a
laboratory for a number of technological advancements.
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