StatoilHydro into Shtokman

Today, Prime Minister Stoltenberg has had a telephone conversation with Russia’s President Vladimir Putin. Through this conversation, President Putin informed the Prime Minister that StatoilHydro will take a 24 per cent share in the company which is to develop the Russian Shtokman field – Shtokman Development Company (SCD).

The agreement between Gazprom and StatoilHydro will be signed today. 

- I am very pleased to see StatoilHydro as a participant in the Shtokman field. This will strengthen the Norwegian-Russian ties as neighbours and our strategic partnership in the energy sector in the High North. The participation also underlines our joint responsibility to ensure a sustainable management of the resources in the Barents Sea, says Prime Minister Jens Stoltenberg.

- StatoilHydro has gained an exceptional competence and experience from working offshore under demanding conditions on the Norwegian Continental Shelf. In addition, the company has for a long time worked in Russia. I share the expectations of the company that its participation will contribute to a successful development of the Shtokman field. This participation also shows that StatoilHydro is successful in competing for the major tasks internationally, says Minister of Petroleum and Energy Åslaug Haga.

Read the story in Russian:
СтатойлГидро» входит в Штокмановский проект