Den Norske Stats Oljeselskap A.S Annual Report and Accounts Den Norske Stats Oljeselskap A.S

Den Norske Stats Oljeselskap A.S Annual Report and Accounts Den Norske Stats Oljeselskap A.S

1981 Den norske stats oljeselskap a.s Annual report and accounts Den norske stats oljeselskap a.s Contents The Board of Directors Advisor Bodi! Bjartnes Page Director Finn Lied, Chariman Director Egil Flaatin 3 Statoil's financial result 1872-1981 Professor Ole Myrvoll, Vice-Chairman Lord Mayor Arne Rettedal 4 Highlights Managing Director Thor Andreassen until 13.10. 1981 5 The consolidated companies Housewife Kirsti Lange Construction Worker Harald Schjetne 6 The value added of the consolidated District Governor Einar H. Moxnes Teacher Grethe Westergaard-Bj0rlo companies Chartered Engineer Trond Bolstad Dr. of Engineering Atle A. Thunes 7 Report of the Board of Directors for Chartered Engineer Erling Haug Supervisor, Personnel Accounting, 1981 Margot Pedersen 19 The consolidated profit and loss Alh:rnate members Group Leader, Data Processing, statement for 1981 ProfessorH.J.A. Kreyberg Kjell Mork Knudsen 20 Consolidated balance sheet as of Housewife Gerd Schanche Administrative Secretary Kari Faret 31 December 1981 Lawyer Lars Bakka 22 Comments to financial statements Group Leader, Petrophysics, Alternate members 30 Geological detective work Jan Rafdal Trade Union Secretary 35 Articles of Association Project Engineer Arve J. Hj0rungnes Harriet Andreassen, 36 Wells drilled on the Norwegian shelf Senior Secretary Elisabeth Breivik from 14. 10. 1981 in 198 1 Administration Manager 37 Survey of activities for the Auditor Johannes Andreassen consolidated companies Certified Public Accountant District Governor AJv Jakob Fostervoll 38 Statoil interests in licences allocated Karl-Johan Endresen, Stavanger Chartered Engineer Knut Helle as of 1 January 1982. Chief Engineer Bj0m Lian Company Assembly Planning Engineer Harald N. Hansen Editor Egil Aarvik, Chairman Marine Advisor Jan Holm Trade Union Secretary Chartered Engineer Egil Tveit Evy Buverud Pedersen, Vice-Chairman Senior Secretary Margaret Sanner Trade Union Secretary Odd Bakkejord Geologist Oddvar Skarpnes Information Officer Toril Dakka EXECUTIVE COMMITTEE President A. Johnsen Sen. Exec. VicePrees: H . Ager-Hanssen Exec. Vice Pres. e~~\;. Vied Pre.s. Exe<;. Vice Pres. J. M. Wennesland J E11 J. 0 xnevad I I I SAFETY, QUALITY INFORMATION AND LEGAL AFFAIRS ASSURANCE PUBLIC AFFAIRS Manager K. Klllerud Mangaer W.H. Olsen Manager J.C. Mlddelthon I I I RESEARCH AND ECONOMY ANO ORGANIZATION AND DEVELOPMENT FINANCE ADMINISTRATION - Manager K A m Sen. Vice Pres. H.E. Langangen J.E. Langangen (acting) I I I I TECHNOLOGY AND EXPLORATION & TRANSPORT REFINING AND PROJECTS PRODUCTION MARKETING Sen. Vice Pres. J .M. Huslld Sen. Vice Pres. M. Bekkeheien Sen. Vice Pres. T. Espedal Sen. Vice Pres. J.E. Sandvik Organization Chart, March 1982. Cover photo: In the summer of 1981 Statoil made a considcrublc gns discovery o n block7120/ 8, Tromsonaket. The find is being tested by the «Ross Rig», on 31 August. Both narebooms are used during the production rest. 2 Statoil' s fmancial result 1972-1981 of NOK 1000 . -- 800 .. , ' ,. .. 600 400 200 0 -- - .;.. 200 400 1972 73 74 75 76 77 78 79 80 1981 Statoil's financial result shows a satisfactory development. In 1981 the result is a profit of slightly more than NOK 1billion and in addition, Statoil pays nearly NOK 400 million in taxes during the same period. Previous loss has now been covered, and as a consequence, the company taxes will inc1ease in 1982. 3 Highlights The consolidated Amounts in millions of NOK companies Statoil 1981 1980 1981 1980 1979 1978 1977 Sales 13 499 8 593 11547 7 125 3 255 2 001 1 686 Salaries and social costs 471 347 250 157 96 77 55 Depreciation 679 489 531 352 319 133 47 Financial expenditures 1 734 656 1 565 548 159 88 36 Operating result 3 839 1 463 3 679 1 392 13 -97 -77 Financial result 1 019 203 1 052 223 - 217 -194 - 112 Investments 3 091 2 610 2 953 2 465 2 850 2 046 1 719 Total asseto; 15 878 14 593 14 222 12 952 lO 159 7 795 5 555 Share capital issued as of 31 Dec. 2 944 2 944 2 944 2 944 2 944 2 734 1852 Number of employees as of 31 Dec. 2 645 2 335 1 362 1 059 745 607 506 Revenue Investments Petrochemical oil and gas products Offshore Millions Millions Refined products of NOK Onshore of NOK 14000 3500 12000 3000 10000 2500 8000 2000 6000 1500 4000 1000 2000 500 1977 1978 1979 1980 1981 1980 1981 1977 1978 1979 1980 1981 1980 1981 Stat oil The consolidated Statoil The consolidated companies companies 4 The consolidated companies statoil Statoil's own activities Headquarters in Stavanger Regional offices in Bergen, Trondheim and Harstad Project offices in Oslo and London • Operator for 8 licences south of Stad • Operator for 2 licences on Troms0flaket • Development of block 34/ 10 • Development of the Statpipe gas transportation system • Crnde oil transportation by ship from the Statfjord field • Supply base in Stavanger • Approx. 1360 employees Participation in activities • Oil production, Statfjord • Oil production, Murchison • Gas production, Frigg • Development of Heimdal • Development of North-East Frigg • Petrochemical industry at Bamble • Norpipe transportation system of oil and gas from Ekofisk • Exploration activities in a number of licences • Base activities on Sotra and in Kristiansund N, Harstad and Ilarnmerfest The company is owned 100 per cent by the state. • Headquarters in Oslo • Regional offices in Oslo, Drarnmcn, Bergen, Trondheim and Troms0 • Approx. 12 major tank installations, 70 distribution facilities and 200 coastal depots for storage. • Approx. 600 tank lorries, 85 railway tank wagons and several ships for transportation • Approx. 750 service stations • Approx. 800 suppliers and 300 OOO registered customers • Approx. 930 employees The company is owned 73.62 per cent by Statoil and 26.38 per cent by the state. -- - ---- - - -- RADINOR • Building and operation of the Mongstad refinery. The production started up in 1975, and the first Statfjord oil was delivered in December 1979 • Upgrading and modernizing of the refinery • Approx. 350 employees The company is owned 30 per cent by Statoil, 40 per cent by Norol and 30 per cent by Norsk Hydro. 5 Highlights The consolidated Amounts in millions of NOK companies St at oil 1981 1980 1981 1980 1979 1978 1977 Sales 13 499 8 593 II 547 7 125 3 255 2 001 1 686 Salariesand social costs 471 347 250 157 96 77 55 Depreciation 679 489 531 352 319 133 47 Financial expenditures 1 734 656 1565 548 159 88 36 Operating result 3 839 1 463 3 679 I 392 13 -97 -77 Financial result 1 019 203 1 052 223 - 217 - 194 - 112 Investments 3 091 2 610 2 953 2 465 2 850 2 046 1 719 Total assets 15 878 14 593 14 222 12 952 10 159 7 795 5 555 Share capital issued as of 31 Dec. 2 944 2 944 2 944 2 944 2 944 2 734 1 852 Number of employees as of 31 Dec. 2 645 2 335 1362 1 059 745 607 506 Revenue Investments Petrochemical Crude oil and gas products Offshore Millions Millions Refined products of NOK Onshore ofNOK 14000 3500 12000 3000 10000 2500 8000 2000 6000 1500 4000 1000 2000 500 1977 1978 1979 1980 1981 1980 1981 1977 1978 1979 1980 1981 1980 1981 Statoil The consolidated Statoil The consolidated companies companies 4 The consolidated companies statoil Statoil's own activities • Headquarters in Stavanger • Regional offices in Bergen, Trondheim and Harstad • Project offices in Oslo and London • Operator for 8 licences south of Stad • Operator for 2 licences on Troms0flaket • Development of block 34/ 10 • Development of the Statpipe gas transportation system • Crude oil transportation by ship from the Statfjord field • Supply base in Stavanger • Approx. 1360 employees Participation in activities • Oil production, Statfjord • Oil production, Murchison • Gas production, Frigg • Development of Heimdal • Development of North-East Frigg • Petrochemical industry at Bamble • Norpipe transportation system of oil and gas from Ekofisk • Exploration activities in a number of licences • Base activities on Sotra and in Kristiansund N, Harstad and Hammerfest The oompany is owned 100 per cent by the state. •Headquarters in Oslo • Regional offices in Oslo, Drammen, Bergen, Trondheim and Troms0 • Approx. 12 major tank installations, 70 distribution facilities and 200 coastal depots for storage • Approx. 600 tank lorries, 85 railway tank wagons and several ships for transportation • Approx. 750 service stations • Approx. 800 suppliers and 300000 registered customers • Approx. 930 employees The company is owned 73.62 per cent by Statoil and 26.38 per cent by the state. ------ ----- --------= -- -= - -- RAFINOR • Building and operation of the Mongstad refinery. The production started up in 1975. and the first Statfjord oil was delivered in December 1979 • Upgrading and modernizing of the refinery • Approx. 350 employees The company is owned 30 per cent by Statoil, 40 per cent by Norol and 30 per cent by Norsk Hydro. 5 The value added of the consolidated companies Suppliers NOK 7343 million Ordinary depreciation NOK 679 million Total value added Other expenses 5798 mill. kr. 172 mill. kr. State, municipality 29.3% The value added of the consolidated companies was 41.4 per cent of the total revenue, in 1981. The distribution of the value added is illustrated above. 6 Report of the Board of Directors for 1981 Introduction have been finished and will be mated Oil and gas reserves chosen tor development The consolidated companies have during tlie first half of 1982. on the Norwegian continental shelf. continued their progress in 1981. The The cost estimates for the C platform are • The Statoil share consolidated accounts show a net income NOK 12.3 billion. Based on a cost increase of NOK I 019 million compared to NOK for the B platform, the cost estimates for • Other companies' share 203 million in 1980.

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