Lars Thunell Leaving Statoil Board

OSLO, Norway, Dec. 23, 2005 (PRIMEZONE) -- Lars Thunell is to withdraw from Statoil's (OSE:STL) (NYSE:STO) board of directors with effect from 1 January. He is taking up a new position with the World Bank which means that he will be unable to maintain his directorship.

Mr. Thunell was elected to the board by Statoil's corporate assembly on 22 June this year.


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