UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

May 14, 2010
Commission File Number 1-15200

Statoil ASA

(Translation of registrant’s name into English)
FORUSBEEN 50, N-4035, STAVANGER, NORWAY
(Address of principal executive offices )

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F   X      Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):           
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):           

This Report on Form 6-K contains a press release issued by Statoil ASA on May 14, 2010, entitled "Notifiable trading”.

Notifiable trading

On behalf of Statoil (OSE:STL, NYSE:STO), DnB NOR has on 14 May 2010 purchased 486,340 shares for use in the group`s Share saving plan.

The shares have been acquired at a price of NOK 139.29 per share. Before distribution to the employees, the Share saving plan has 6,345,732 shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	STATOIL ASA (Registrant)
Dated: May 14, 2010	By:	___/s/ Eldar Sætre Name: Eldar Sætre Title:     Chief Financial Officer