This is Statoil’s second sustainability report. It focuses on implementation and achievements relating to the targets set last year.
It also communicates our efforts to achieve a continuous improvement in our policies and our understanding of the industry’s key challenges. Where possible, we have included relevant performance indicators and issues raised by emerging international standards.
We believe that transparency and comparability between companies will increase with common reporting standards.
We are committed to a demanding set of financial and business goals for the coming years. To meet these targets, we will need to make progress with growing the business in petroleum provinces outside Norway. Success will depend on developing our operations in a sustainable manner.
However, the combination of managing sustainable growth and seeking international expansion also presents us with a number of dilemmas. Our positive progress on acquiring operatorships outside Norway during 2002 gives us a clearer picture of what lies ahead.
Published 2007-09-29, 20:12 CET | Updated 2007-09-29, 21:36 CET