SOURCE: StatoilHydro

October 25, 2007 05:32 ET

StatoilHydro will sign Shtokman agreement with Gazprom

STAVANGER, NORWAY--(Marketwire - October 25, 2007) -



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 will come back with further information when the agreement is signed.





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