Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/statoilhydro-to-take-24-pct-equity-stake-in-gazpro.shtmlStatoilHydro to take 24 pct equity stake in Gazprom's Shtokman
StatoilHydro will today, 25 October, sign a frame agreement with Gazprom to become partner in the Shtokman development, phase 1.
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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.
