Statoil aims to play a key role in developing Arctic energy resources in a sustainable manner. It has steadily built Arctic competence through projects in Alaska, Canada, Greenland, and Russia. Statoil recognizes that technology is crucial to developing Arctic resources and that international collaboration is essential given the challenges of the region. Statoil believes the Arctic will be an important source of future energy and is well positioned in key basins like the Barents Sea.