Statoil marks its 20th anniversary in Azerbaijan

To mark the company’s 20th anniversary in Azerbaijan, the exhibition Face to Face, with contemporary works of art from the Statoil art collection, will be shown in Baku at The Museum of Modern Art.  Face to Face is an exhibition of portraits featuring 63 works which includes photographs, sculptures and paintings by 16 artists from ten different countries. 

“Statoil, as an energy company, believes that art is also energy. This energy is different to that of oil and gas - our prime business.  The energy of art inspires people. Being a universal means of communication, art helps people understand each other through visual imagery and unites them irrespective of their nationality, culture or background”, says Lars Troen Sørensen, President of Statoil in Azerbaijan.

The Statoil art collection counts over 1 000 works of contemporary art from the last 25 years. Educational, communication and exhibition activities are fundamental drivers of our programme, as well as the Statoil art award, worth USD 83 000, which has been awarded to young Norwegian artists biennially since 2007. 

The exhibition will be open at The Museum of Modern Art from October 12th until November 11th, 2012. 

* Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo stock exchanges. 

Statoil entered Azerbaijan in 1992. It is the second largest foreign investor in the country. Statoil has invested more than 5 billion USD and is a partner with 8,56%  share in the oil producing Azeri-Chiraq-Guneshli (ACG ) field, the Shah Deniz gas field with 25,5% share, and the corresponding pipelines Baku-Tblisi-Cheyhan (BTC) and South Caucasus Pipeline (SCP). Our current production from Azerbaijan is around 100.000 barrels of oil equivalent per day, over 20% of Statoil’s international production. We are in Azerbaijan with a long-term perspective. --12D--