STAVANGER, NORWAY--(Marketwire - Sep 14, 2012) - The corporate assembly of Statoil ASA (OSE:STL, NYSE:STO) has elected Marjan Oudeman and Børge Brende as new members of Statoil's board of directors. In addition, Grace Reksten Skaugen has been elected as new deputy chairman of the board.

The election enters into effect from 15 September 2012.

All candidates were elected in accordance with the nomination committee's recommendation.

Information about the members of the board is available at [ www.statoil.com/board ].

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Statoil via Thomson Reuters ONE [HUG#1641151]