New Oil Discoveries, Investments, Financial Results and Appointments - Research Report on BP, Total, Statoil, PetroChina, and Sasol

NEW YORK, September 13, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting BP plc (NYSE: BP), Total SA (NYSE: TOT), Statoil ASA (NYSE: STO), PetroChina Company Limited (NYSE: PTR), and Sasol Limited (NYSE: SSL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

BP plc Research Report

On September 9, 2013, BP plc (BP) announced that BP Egypt has made an important gas discovery in the Salamat Well in the East Nile Delta. According to the Company, it is the first well operated by BP in the North Damietta Offshore for which concession was granted in February 2010. The Company informed that the wireline logs, fluid samples, and pressure data has confirmed the presence of gas and condensate in 38m net of Oligocene sands in Salamat. BP also stated that further appraisal will be required to better define the field sources and to evaluate the options for developing the discovery. Mike Daly, Executive Vice President of Exploration at BP said, "Success with Salamat proves hydrocarbons in the centre of a 50-km long structure. With a hydrocarbon column in excess of 180 metres, the discovery increases our confidence in the materiality of the deep Oligocene play in the East Nile Delta."  The Full Research Report on BP plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f948_BP]

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Total SA Research Report

On September 4, 2013, Total SA (Total) announced its intention to invest €160 million before 2016 to adapt its petrochemical platform in Carling in France, as well as to bring back its competitiveness. The Company informed that it plans to develop new activities on the platform in the growing markets for hydrocarbon resins and for polymers, while closing down the severe loss-making steam cracker in H2 2015. Patrick Pouyanné, President of Refining & Chemicals and member of the Executive Committee at Total said, "Our project for Carling will leverage the platform's strengths, its industrial capabilities and the expertise of its teams in order to develop a profitable production facility. By making Carling the European center for the hydrocarbon resin business and a leading European polymers plant as part of an extensive investment plan, we are confirming our willingness to maintain sustainable industrial activities in France while investing in promising markets." The Full Research Report on Total SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5801_TOT]

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Statoil ASA Research Report

On September 6, 2013, Statoil ASA (Statoil) announced an oil discovery in the OMV operated Wisting Central well, representing a new oil play in the Norwegian Barents Sea. Gro Haatvedt, Senior Vice President for Exploration in Norway at Statoil said, "This is the first well drilled in the frontier Hoop area. It gives us valuable geological information and demonstrates that the Hoop area has an exciting oil potential." The Company also informed that it intends to drill two separated wells in the same area in 2014. The Full Research Report on Statoil ASA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d198_STO]

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PetroChina Company Limited Research Report

On August 22, 2013, PetroChina Company Limited (PetroChina) reported operating results for H1 2013. The Company's turnover was RMB1.1 trillion, up 5.2% YoY. Net profit attributable to the owners of PetroChina in H1 2013 was RMB65.5 billion, up 5.6% YoY. For H2 2013, the Company expects complex and severe macro-economic situation, therefore targets to achieve a stable growth pattern in its businesses. The Company also informed that its Board has declared an interim dividend of approximately RMB0.16 per share which is equivalent to 45% of its interim net profit. The Full Research Report on PetroChina Company Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dc96_PTR]

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Sasol Limited Research Report

On September 9, 2013, Sasol Limited (Sasol) announced that Ernst Oberholster, the current Managing Director of Sasol New Business Development, is appointed to the position of Group Executive - International Energy, New Business Development, and Technology with effect from October 1, 2013, replacing Lean Strauss, Company's Senior Group Executive. According to Sasol, Strauss will be retiring on October 1, 2013, after 30 years of working with the Company. Sasol informed that prior to his role at Sasol New Business Development; Oberholster served roles of the managing director of Sasol Synfuels International and the managing director of Sasol Oil. The Full Research Report on Sasol Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e20_SSL]

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SOURCE Analysts' Corner