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StatoilHydro will sign Shtokman agreement with Gazprom

Contributed by Torodd Bergstøl
Thursday, 25 October 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.

 ref.: StatoilHydro

 

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