|Industry||Oil and gas industry|
|Fate||Merged with Norsk Hydro|
Number of employees
Saga Petroleum ASA was a Norwegian upstream petroleum company established in 1972 that was acquired by Norsk Hydro in 1999. In October 2007 it was made part of Statoil. The company was the only fully private oil company in Norway. It had partial ownership of 60 oil field licenses and was operator of 18.Saga had an international profile, including major operations on the British continental shelf as well as minor operations in Angola, Indonesia, Libya and Namibia.
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe whose territory comprises the western and northernmost portion of the Scandinavian Peninsula; the remote island of Jan Mayen and the archipelago of Svalbard are also part of the Kingdom of Norway. The Antarctic Peter I Island and the sub-Antarctic Bouvet Island are dependent territories and thus not considered part of the kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land.
Norsk Hydro ASA is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Norwegian state owns 34.3% of the company through the Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Hilde Merete Aasheim has been the CEO since May, 2019.
Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of 209,331 km2 (80,823 sq mi), it is the largest of the British Isles, the largest European island, and the ninth-largest island in the world. In 2011, Great Britain had a population of about 61 million people, making it the world's third-most populous island after Java in Indonesia and Honshu in Japan. The island of Ireland is situated to the west of Great Britain, and together these islands, along with over 1,000 smaller surrounding islands, form the British Isles archipelago.
Saga Petroleum was founded in 1972 as a private initiative based on a political wish to have three Norwegian oil companies. The company started up at the same time as Statoil and was part of the three-company model with one state owned company (Statoil), one semi-private company (Norsk Hydro) and one fully private company (Saga). The three Norwegian oil companies were to ensure that petroleum competence was established in Norway.
Among the largest fields Saga operated were the Snorre oil field and the Tordi, Varg and Vigdis oil fields. Not long before the merger Saga had acquired the Kuwait based Santa Fe Exploration for US$1.23 billion.
Snorre is an oil and gas field in the Tampen area in the southern part of the Norwegian Sea. The sea depth in the area is 300 to 350 metres. Snorre has been operational since August 1992. It was the first field developed by Saga Petroleum.
Kuwait, officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2016, Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates. Expatriates account for 70% of the population.
Originally Elf Aquitaine tried to purchase Saga, but eventually Norsk Hydro acquired it. Saga's financial position had become weak due to the low oil price and the badly timed acquisition of Santa Fe, and oil hedging.After the merger with Hydro some operating responsibilities were transferred to Statoil and all British operations were sold.
Elf Aquitaine was a French oil company which merged with TotalFina to form TotalFinaElf. The new company changed its name to Total in 2003. Elf has been maintained as a major brand of Total.
Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro. Statoil was the largest petroleum company in the Nordic countries. While Statoil was listed on both the Oslo Stock Exchange and the New York Stock Exchange, the Norwegian state still held majority ownership, with 64%. The company's headquarters are located in Norway's oil capital Stavanger. The name Statoil was a truncated form of the State's oil (company).
Yara International ASA is a Norwegian chemical company. Its largest business area is the production of nitrogen fertilizer, however it also encompasses the production of nitrates, ammonia, urea and other nitrogen-based chemicals.
Eivind Kristofer Reiten is a Norwegian economist, corporate officer and politician for the Centre Party. He was a Minister of Fisheries and Minister of Petroleum and Energy during the 1980s, before entering a career in business. Reiten served as the Director General (CEO) of Norsk Hydro between 2001 and 2009, after which he took up the chairmanship of Norske Skog. Eivind Reiten was also Chairman of StatoilHydro for four days until he resigned from his position after Norsk Hydro had been accused of corruption.
Bristow Norway AS is a Norwegian helicopter company that transports crew to oil installations in the North Sea. It has headquarters in Stavanger and has additional operations out of Bergen, Brønnøysund, and Hammerfest. The company operates a fleet of 24 Sikorsky S92 helicopters and has 420 employees.
Lufttransport is a Norwegian helicopter and fixed-wing airline that operates primarily air ambulance helicopters and planes for the Norwegian and Swedish governments. In addition the airline offers services including surveillance for the Norwegian Coast Guard, transport of ship pilots and scheduled air transport in the Norwegian territory of Svalbard.
Vetco was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners taking over ABB's oil and gas division; ABB Offshore Systems. Vetco was made out of companies that have serviced the upstream oil and gas industry since 1903. These companies are suppliers of products, systems and services for onshore and offshore drilling and production, project management, engineering, procurement and construction services, process systems and equipment, maintenance, modification and operations. Vetco was headquartered in London UK, and employed over 10000 people in more than 30 countries worldwide.
Kårstø is an industrial facility located near the village of Susort, along the Boknafjorden, in the municipality of Tysvær in Rogaland county, Norway. The site features a number of natural gas processing plants that refine natural gas and condensate from the fields in the northern parts of the North Sea, including the Åsgard, Mikkel, and Sleipner gas fields. The Kårstø processing complex is Europe's biggest export port for natural gas liquids (NGL) and the third largest in the world. The industrial site is also the location for the now-closed Kårstø Power Station.
Equinor ASA is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is a petroleum and wind energy company with operations in thirty-six countries. By revenue, while under Statoil name, Equinor was ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the twenty-sixth largest company, regardless of industry, by profit in the world. The company has about 20,200 employees.
Hydro Oil & Gas is a defunct division of Norsk Hydro that operated within the oil and gas industry. On October 1, 2007 it merged with Statoil to form the new corporation StatoilHydro.
Hydro was a chain of fuel stations throughout Sweden owned by Statoil. The chain had more than 500 stations, as well as some unmanned Uno-X stations. The company also operated in retailing natural gas, electricity and heating oil.
Odfjell Drilling Ltd. is an oil drilling, well service, and engineering company.
Naturkraft is a Norwegian power company that operates one natural gas powered thermal power station located at Kårstø. It also holds a permit to build a second one at Kollsnes. The company is owned by Statoil and Statkraft, with 50% each.
Thorvald L. Mellingen was a Norwegian engineer.
Braathens Helikopter A/S was a Norwegian helicopter airline based at Stavanger Airport, Sola, and Bergen Airport, Flesland. It used a fleet of seven Aérospatiale Super Pumas to serve offshore oil platforms in the North Sea. The customers were Phillips Petroleum, Norsk Hydro, Statoil, Amoco and British Petroleum, serving their oil fields Ekofisk, Oseberg, Gullfaks, Veslefrikk, Valhall, Ula and Gyda. Braathens Helikopter operated from 1989 to 1993, after which it was sold to and merged with the main competitor, Helikopter Service. Braathens Helikopter was owned by Ludvig G. Braathens Rederi and was a sister company of the airline Braathens SAFE.
Sture Terminal is an oil terminal at Stura in Øygarden municipality, 50 km (31 mi) northwest of Bergen, Norway. It receives oil and condensate from Oseberg, Veslefrikk, Brage, Oseberg Sør, Oseberg Øst, Tune and Huldra fields through 115 km (71 mi) Oseberg Transport System (OTS) and oil from Grane oil field through 212 km (132 mi) Grane oil pipeline.
Grane is an offshore oil field in the North Sea located 185 km (115 mi) west of the city of Haugesund on the western coast of Norway. It is Norway's first heavy crude oil production field and Statoil's largest heavy oil field in the Norwegian continental shelf. The oil from the field, located in Block 25/11 is transported to Sture terminal via Grane oil pipeline. The injection gas is imported to Grane oil field from the Heimdal, located just north the field.
Oseberg Øst is an offshore oil field in the North Sea, located east of Oseberg Oil Field. The field was developed with a fixed production, drilling and quarters (PDQ) facility and is operated by Statoil. The first stage phase processing is done at the Oseberg Øst platform. The second and third phase processing of oil is done at the Oseberg Field Center and it is then transported to Sture terminal in Norway through the Oseberg Transport System.
Heimdal is an offshore natural gas field in the North Sea located 212 kilometres (132 mi) northwest of the Stavanger, Norway. Heimdal serves as a connection hub for processing and distribution of natural gas from satellite fields.
Vale is an offshore gas field in the North Sea located 16 kilometres (9.9 mi) north of the Heimdal gas field. The depth of the water in the field area is 115 metres (377 ft). Vale is considered a satellite to Heimdal field and is connected to it by a pipeline. Estimated reserves at Vale stand at 2.5 billion cubic metres of natural gas and 21 million barrels (3,300,000 m3) of gas condensate. Vale gas field is expected to produce 1.6 million cubic metres per day of natural gas and 2,600 barrels per day (410 m3/d) of condensate.