Eldar Saetre
,CEO,Statoil
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Times are changing for one of Europe’s big players – the biggest operator on the Norwegian Continental Shelf. Despite production equivalent to more than 2mn bpd and its reserves replenishment at an impressive 150%, Statoil is changing its name (to Equinor, thus dropping the word ‘oil’) and its business focus. Long-serving Saetre will authorise 20% of future investment to be pumped into the renewables sector as Statoil becomes a “broad energy company”. Regional operations focus mainly on North Africa where political instability and terrorist attacks have hampered output.
