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StatoilHydro to take 24 pct equity stake in Gazprom's Shtokman


Published Oct 25, 2007
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Helge Lund – New Statoil CEO-Spotlight
StatoilHydro will today, 25 October, sign a frame agreement with Gazprom to become partner in the Shtokman development, phase 1.

The agreement gives StatoilHydro a 24% equity interest in Shtokman Development Company where Gazprom (51%) and Total (25%) are the two other partners. 

StatoilHydro becomes the second western partner for the development of the Arctic field after France's Total.

Tags: Shtokman



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