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Statistics 

Our statistics for 2007:

 

Performance indicators for HSE

Total recordable injury frequency

Definition: The number of fatalities, lost-time injuries, cases of alternative work necessitated by an injury and other recordable injuries, excluding first-aid injuries per million working hours.

Developments: The total recordable injury frequency (including both StatoilHydro employees and contractors) decreased from 6.0 in 2006 to 5.0 in 2007. The frequency for StatoilHydro employees was 3.5 in 2007, the same as in 2006, while the frequency for our contractors decreased from 7.9 in 2006 to 6.1 in 2007.

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Lost-time injury frequency

Definition: The number of lost-time injuries and fatal accidents per million working hours.

Developments: The lost-time injury frequency (including both StatoilHydro employees and contractors) was reduced from 2.1 in 2006 to 2.0 in 2007. There has been an increase for StatoilHydro employees, from 1.6 in 2006 to 1.7 in 2007, and for our contractors the lost-time injury frequency decreased from 2.4 in 2006 to 2.2 in 2007.

Definition: The number of lost-time injuries and fatal accidents per million working hours. Developments: The lost-time injury frequency (including both StatoilHydro employees and contractors) was reduced from 2.1 in 2006 to 2.0 in 2007. There has been an increase for StatoilHydro employees, from 1.6 in 2006 to 1.7 in 2007, and for our contractors the lost-time injury frequency decreased from 2.4 in 2006 to 2.2 in 2007

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Serious incident frequency

Definition: The number of incidents of a very serious nature per million working hours. An incident is an event or chain of events which has caused or could have caused injury, illness and/or damage to/loss of property, the environment or a third party. Matrices for categorisation have been established where all undesirable incidents are categorised according to the degree of seriousness, and this forms the basis for follow-up in the form of notification, investigation, reporting, analysis, experience transfer and improvement.

Developments: The serious incident frequency (including both StatoilHydro employees and contractors) improved from 2.2 in 2006 to 2.1 in 2007.

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Sickness absence

Definition: The total number of days of sickness absence as a percentage of possible working days (StatoilHydro employees).
 
Developments: The sickness absence in StatoilHydro has been stable at 3.5% for the last three years.

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Oil spills

Definition: Accidental oil spills to the natural environment from StatoilHydro operations (in cubic metres). All accidental oil spills reaching the natural environment from StatoilHydro-operated activities are included in the figure. However, spills that did not reach the natural environment have also been included for downstream market operations before 2004.

Developments: The number of accidental oil spills was 387 in 2007, compared to 365 in 2006. The volume of accidental spills has increased from 181 cubic metres in 2006 to 4,989 cubic metres in 2007. The figure shows the volume of oil spills in cubic metres. There were two significant oil spills in 2007. One spill of 4.400 cubic metres at Statfjord A on 12 December and one spill of 441 cubic metres at Mongstad refinery on 7 September.

 

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Carbon dioxide emissions

Definition: Total emissions of carbon dioxide in million tonnes from StatoilHydro-operated activities.

Developments: Carbon dioxide emissions have increased from 12.9 million tonnes in 2006 to 14.6 million in 2007. The main reason for the increased CO2 emissions is the extraordinary flaring at the Snøhvit plant at Melkøya as a result of start-up problems.

Carbon dioxide emissions include CO2 from energy and heat production in own plants, transportation of products, flaring, rest emissions from carbon dioxide capture and treatment plants, process-emission and also emissions from own plants as a consequence of exported energy. Indirect emissions as a consequence of imported energy are excluded.

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Nitrogen oxide emissions

Definition: Total emissions of nitrogen oxides in thousand tonnes from StatoilHydro-operated activities.

Developments: Emissions of nitrogen oxides have increased from 47.7 thousand tonnes in 2006 to 49.4 thousand tonnes in 2007. The flare at Melkøya during start-up has increased the nitrogen oxide emissions significantly. However, due to new guidelines the nitrogen oxide emission factor for offshore flare has been adjusted. This reduces the reported emissions from offshore flare in general, making the total increase smaller than for energy consumption and CO2 emissions.

Nitrogen oxide emissions embrace all emission sources and include Nitrogen oxides from energy and heat production in own plants, transportation of products, flaring and treatment plants.

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Energy consumption

Definition: Total energy consumption in terawatt-hours (TWh) for StatoilHydro-operated activities.

Developments: Energy consumption has increased from 62.4 TWh in 2006 to 69.8 TWh in 2007. The main reason for the increased energy consumption is the flaring at the Snøhvit plant at Melkøya as a result of start-up problems. In other respects, the energy consumption has been relatively stable. The business area Natural Gas has seen a small reduction due to transfer of responsibility of operations for receiving terminals at the European Continent from Statoil to Gassco. Also, from 2006, StatoilHydro took into consideration loss of energy production from external suppliers and losses related to transfer of energy when calculation total energy consumption.

The main reason for the increased energy consumption is the flaring at the Snøhvit plant at Melkøya as a result of start-up problems.

Energy consumption includes energy consumed in producing the facility's deliveries or by performing an activity, and includes gross purchases of electricity and thermal energy (steam), energy from gas and diesel-fuelled power generation, unused energy from flaring and sold/delivered energy. Energy based on the use of fossil fuels is deemed to be energy input. Prior to 2006, energy consumption was based on net purchase of electricity.

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Recovery rate for non-hazardous waste

Definition: The recovery rate for non-hazardous waste comprises non-hazardous waste from StatoilHydro-operated activities and represents the amount of non-hazardous waste for recovery in relation to the total quantity of waste.

Developments: There has been an increase in the amount of non-hazardous waste. Much of this increase is due to inclusion of Marketing/Energy & Retail in the reporting (2,4700 tonnes) and new activity in the Gulf of Mexico. The recovery rate is reduced because there is no recovery solution on the GoM. Energy & Retail also report no recovery. This is correct according to the definitions, but does not take into account the fact that E&R delivers through municipal systems where there is often in the next step of a recovery system. The recovery factor for 2007 is 41%, a decrease from 79% in 2006. The recovery factor without Energy & Retail included is 64%.

The quantity of non-hazardous waste for recovery is the total quantity of non-hazardous waste from the plant's operations which has been delivered for reuse, recycling or incineration with energy utilisation.

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Performance at a glance

Financials

2007

2006

Total revenue (NOK million)

522.797

521.482

Net operating income (NOK million)

137.204

166.164

Net income (NOK million)

44.641

51.847

Minority interest in net income (NOK million)

(545)

(730)

Net income to majority owners (NOK million)

44.096

51.117

Cash flows used in investing activities (NOK million)

75.100

57.200

Adjusted return on average capital employed after tax

19.9%

22.9%

Operations
Combined oil and gas production (thousand boe/d)

1,724

1,708

Proved oil and gas reserves (million boe)

6,010

6,101

Adjusted production cost (NOK / boe)

35.7

28.4

Reserve replacement ratio (three-year average)

81%

76%

Research and development spending (NOK billion)

2.0

1.6

 

Operating results and share information

Operational results and share information

2007

2006

Adjusted return on average capital employed after tax

19.9

22.9

Production (1000 boe/d)

1,724

1,708

Adjusted production cost (NOK /boe)

35.7

28.4

Share price, Oslo stock exchange, 31 December (NOK)

169.00

165.25

Proved reserves at 31 December (mboe)

6,010

6,101

 

Financial performance and spin-offs

Selected figures from the business

2007

Income taxes paid in NOK billion

102.4

Indirect taxes paid in NOK billion

29.5

Signature bonuses paid in USD million

14.5

Proposed dividend in NOK billion

27.1

Pay and social benefits in NOK billion

28.0

Goods and services purchased (invoiced value) in NOK billion

108.3

Interest paid on loans in NOK billion

3.7

Investment in own business operations in NOK billion

77.6

Investment in research and development in NOK billion

2.0

Number of suppliers

24,502

Value of profit oil in NOK billion

13.3

Social investment in USD million

7.7


Overview of activities by country

All amounts in NOK million except employee data

Investment (1)

Revenues (2) Income taxes paid (3)Indirect taxes paid (4)Pay and social benefits (5)Employees at 31 December 2007 (6)

Purchase of goods and services (7)

Algeria

990

3,525

752

5

25

2

433

Angola

5,016

15,626

4,412

11

19

-

Azerbaijan

2,216

9,347

1,167

11

52

34

Belgium

1

-

40

59

271

Brazil

174

-

29

32

23

69

Canada

12,504

7,407

2

83

124

81

China

264

358

8

1

1

Denmark*

1,339

23,517

265

4,829

915

1,153

2,168

Estonia

43

1,100

456

60

737

79

France

-

50

2

3

259

Germany

5

1,335

105

65

27

1,495

Iran

231

-

63

11

2

3

Ireland

731

-

(14)

6

4

118

Latvia

191

2,273

15

946

101

871

89

Libya

166

926

61

168

5

26

250

Lithuania

104

1,819

4

606

63

730

83

Nigeria

2,074

-

1

16

49

Norway

37,981

429,783

94,149

9,182

24,792

18,102

93,514

Poland

234

7,474

37

121

251

4,495

533

Russia

65

722

153

56

-

131

28

Singapore

-

14,291

16

20

12

Sweden

402

24,739

(17)

12,972

750

1,826

1,527

The Netherlands

-

15

38

9

1,029

UK

1,665

2,781

140

32

290

190

3,857

USA

10,747

54,315

37

35

357

193

869

Venezuela

402

3,294

1,047

26

34

48

706

Rest of Europe

-

-

548

Rest of world **

88

5

71

2

5

257

IS Partner (8)

611

Eliminations***

-

(81,905)

TOTAL

77,633

522,797

102,422

29,529

27,955

29,503

108,313

* Includes the Faroes and Greenland
** Total purchases from countries not shown in the table
*** Elimination of intra-group sales
(1) Investments include non-cash effects of entering into capital lease agreements and exclude sales of assets.
(2) Sales revenues (excluding share of net income of affiliates) by company location.
(3) Income taxes paid for fiscal 2007, but also taxes for earlier fiscal years paid in 2007. We do not pay income tax in a number of countries because we have no production or other income-generating activities there. Lead times in the oil and gas industry (the period from discovery until production begins) can be long. This means that we invest substantial sums for a number of years before generating any taxable income.
(4) Indirect taxes relate to government revenue derived from our operations, and include carbon tax, area fees, royalty, petrol duty and the like (excluding value-added tax).
(5) Includes pension and payroll taxes.
(6) Based on company location (the country in which the company with employees is registered). Actual number of employees present in the country is therfore likely to be different; lower than stated for Norway since more employees are expatriated from Norway, and a higher number of employees in most other locations. In some countries, for instance China, we are prohibited from employing local personnel on permanent contracts. This table only includes permanent employees, and not temporary employees or apprentices.
(7) Based on invoice address. Part of the cost is charged to partners in activities we operate, including those we conduct as a technical service provider. Excludes the purchase of petroleum products.
(8) IS Partner is an information systems service provider that was sold to an external party in February 2008. The employees are primarily situated in Norway.






Published 2008-04-08, 19:40 CET | Updated 2008-04-11, 15:40 CET
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