Case Study: Statoil Background Develop a web-based early phase risk assessment tool for Norway’s Statoil Our Approach Statoil is the world's third-largest net seller of crude oil and one of its largest gas suppliers. With headquarters in Norway and 29,000 staff in 40 countries, this pioneering firm leads the world in deepwater technology use and carbon capture and storage. In preparation for more global operations Statoil saw the need to identify business risks and opportunities as early as possible as part of their risk management processes. It sought a method and tool to identify and assess risks across multiple disciplines and communicate these findings quickly and effectively to senior management. ERM was engaged to develop an early phase risk assessment tool. The tool’s purpose was to

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