Statoil Fuel & Retail selects Oracle's JD Edwards ERP solution


30 August 2011 - Statoil Fuel & Retail (Ticker: SFR) awards the contract for its enterprise resource planning (ERP) solution to Oracle Corporation Ltd. The solution will be based on Oracle's industry-leading JD Edwards product, selected following an extensive formal review process.

"This is a cost-effective and flexible ERP solution that will enable further growth, greater simplicity and increasing efficiency for Statoil Fuel & Retail. It will be a significant tool in helping us deliver added value for all our stakeholders" states Klaus-Anders Nysteen, CFO Statoil Fuel & Retail.

Since becoming a standalone retail business in 2010, Statoil Fuel & Retail has had a temporary agreement with former parent company Statoil ASA for the use of its ERP solution. This agreement will end with the full implementation of Statoil Fuel & Retail's new ERP solution.

For more information, please contact:

Media: Karen Romer, SVP Communications, Statoil Fuel & Retail ASA, Tel : +47 950 74 950,

Investor Relations: Mitra Hagen Negård, SVP Investor Relations, Statoil Fuel & Retail ASA, Tel: +47 957 93 631,

About Statoil Fuel & Retail

Statoil Fuel & Retail is a leading Scandinavian road transport fuel retailer with over 100 years of operations in the region. The company has a broad retail network across Scandinavia, Poland, the Baltics, and Russia with approximately 2,300 full-service (fuel and convenience) or automated (fuel only) stations.

Statoil Fuel & Retail's other products include stationary energy, marine fuel, aviation fuel, lubricants and chemicals. In Europe, Statoil Fuel & Retail operates 12 key terminals, approximately 400 road tankers and 50 depots in eight countries. The company also delivers aviation fuel at 85 airports in nine countries and produce and sells 750 different lubricant products.

Including employees at Statoil branded franchise stations, approximately 17,000 people work at our sites across Europe, while about 2,400 people work in our corporate headquarters, our eight national headquarters, our terminals and depots.

Published: 2011-08-30 09:03 CET