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Significant Oil Discovery Offshore Canada

(High impact discovery = > 100 mmboe net to Statoil or > 250 mmboe in total)

About Statoil:Statoil is an international energy company with operations in 34 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway with approx. 23,000 employees worldwide, and are listed on the New York and Oslo stock exchanges. More information on www.statoil.com

Further information from:

Investor relations: Hilde Merete Nafstad, Senior vice president, +47 957 83911 (mobile)

Morten Sven Johannessen, vice president, Investor Relations USA, +1 2039786950 / +1 2035702524

Media: Ola Morten AanestadVice president, Communications North America+1 7134980585 (mobile)

Bard Glad Pedersen, press spokesperson international, Statoil Norway+47 918 01 791 (mobile)

Caron Hawco Communications Leader, Statoil Canada, Offshore+1 709-738-8471 (phone)+1 709-749-0601 (mobile)

(Logo: http://photos.prnewswire.com/prnh/20101006/STATOILLOGO)

(Photo: http://photos.prnewswire.com/prnh/20130827/DA70309-a)

(Photo: http://photos.prnewswire.com/prnh/20130619/DA34273-b)

(Photo: http://photos.prnewswire.com/prnh/20130827/DA70309-b)

SOURCE Statoil

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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