Statoil’s net income in the first quarter of 2007 amounted to NOK 7.8 billion, compared to NOK 10.8 billion in the first quarter of 2006.
The 27% decrease in net income from the first quarter of 2006 to the first quarter of 2007 was mainly due to an 11% decrease in the average realised oil price and a 14% decrease in gas prices, both measured in NOK.
