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Statoil Asa

The following excerpt is from the company's SEC filing.

Statoil (OSE: STL, NYSE: STO) has received an Expert calculation of revised tract participations for the Agbami field in Nigeria. Assuming implementation, this calculation will result in a reduction of 5.17% in Statoil's equity interest in the field from 20.21% to 15.04%.

Statoil previously initiated arbitration proceedings to set aside interim decisions made by the Expert. By a decision received by Statoil on 4 November 2015, the arbitration tribunal has declined to set aside the Expert's interim decisions.

Statoil is currently assessing its position in relation to the Expert's decision and...