STAVANGER, NORWAY--(Marketwire - Nov 17, 2011) -

Yesterday, Wednesday November 16, 2011, Statoil ASA (OSE:STL, NYSE:STO), guaranteed by Statoil Petroleum AS, executed the following capital market transactions:

* Issue of USD 650,000,000 1.80% Notes due November 23, 2016

* Issue of USD 750,000,000 3.15% Notes due January 23, 2022

* Issue of USD 350,000,000 4.25% Notes due November 23, 2041

The net proceeds from the issue of the Notes will be used for general corporate purposes. The transactions will increase the financial flexibility of the company.

The deal has been fully placed. The settlement date is November 23, 2011. Statoil ASA Notes are expected to receive Aa2 and AA- credit ratings from Moody's and Standard & Poor's, respectively.

Any public offering in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by Statoil ASA and Statoil Petroleum AS and previously declared effective.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities of Statoil ASA nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

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