Statoil ASA was incorporated on 18 September 1972. It is an integrated oil and gas company. The Company explores, produces, transports, refines, and markets petroleum and petroleum-derived products. It has operations in Norway, rest of Europe, North America, Africa, Asia and South America. The Company's business segments are Development and Production Norway (DPN), Development and Production International (DPI), which combines the DPI and DPNA business area, Marketing, Processing and Renewable Energy and Other. It operates in more than 30 countries and is exposed to, and committed to compliance with, a number of laws and regulations globally. The principal laws governing Statoil's petroleum activities in Norway are the Norwegian Petroleum Act and the Norwegian Petroleum Taxation Act.