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Oil & Gas Middle East Power 50 2017: 31-40

by Arabian Oil & Gas Staff on Apr 6, 2017


Eldar Saetre, CEO, Statoil
Eldar Saetre, CEO, Statoil
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31. Eldar Sætre, CEO, Statoil

Statoil is involved in the exploration, production, and transportation of oil and natural gas. Being present in more than 30 countries, the company’s aim has been to further grow its global portfolio. According to the company’s official website, its international oil and gas production has increased sevenfold since 2000. In the Middle East, Statoil has developed the Sonatrach-operated Salah and Amenas, Algeria’s largest gas fields, and participates in production activities in Libya’s Mabruk field and Murzuq basin. Given this profile, Eldar Sætre joined the company in 1980 and served in leadership roles including executive vice president and chief executive officer starting from 2003 until 2010, and executive president for marketing, processing and renewable energy from 2011 until 2014.


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