Statoil appoints new VP Investors relations

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Statoil appoints new VP Investors relations

Statoil has announced that Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan.

Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry. He has spent 12 years in the oil and gas industry and 16 years within the financial industry.

Hutton holds a master of arts degree in modern history from the University of Oxford, UK and a diploma in international politics and the Middle East from Birkbeck College, UK. He will take on the role from 1 January 2015.

Mr Reitan commented:

"Peter has extensive insight into the oil and gas industry and the financial markets. He has consistently been ranked as one of the best equity analysts and has a broad network across companies and institutions. I look forward to his contribution to Statoil and to have him as a part of my team."

Statoil recently announced it continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia.

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