Statoil: Execution of debt capital market transactions

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.

Further information from:

Investor relations:

Hilde Merete Nafstad, Senior vice president,
Tel: +47 957 83911

Morten Sven Johannessen, VP Investor Relations USA,
Tel: +1 2039786950 / +1 2035702524

Press:

Fredrik Norman, media relations,
Tel: +47 918 66567

Finance:

Tron Vormeland, Vice president, Corporate financing,
Tel: +47 905 40135 (mobile), +47 51 99 42 97 (office)

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)



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