On 1 October 2007, the merger between Statoil and Hydro’s oil and gas activities was concluded in accordance with the agreement signed in December 2006.
A Norwegian-based company of global format was created through the merger.
StatoilHydro has roughly 29,500 employees in 40 different countries. Statoil and Hydro’s oil and energy businesses had achieved a great deal on their own. By combining the best from both companies, StatoilHydro has the expertise, technology and capacity it requires to pursue interesting business opportunities on the Norwegian continental shelf and, not least, internationally.
The year 2007 will go down in history as a landmark year for the new company. Statoil and Hydro employees put a tremendous amount of effort into the merger through the integration planning process that resulted in the establishment of StatoilHydro.
Facts and figures
StatoilHydro is an integrated energy company based in Norway. We are a leading operator on the Norwegian continental shelf, and we are in a growth phase internationally. StatoilHydro is making substantial investments in the development of sustainable solutions and new energy.
- The company is the world’s biggest operator in water depths exceeding 100 metres
- Operator of 38 oil and gas fields in operation
- Expected equity production of 1.9 million barrels of oil equivalent per day in 2008
- Proven reserves: more than six billion barrels of oil equivalent
- World leader in carbon capture and storage
- One of the world’s biggest crude and gas suppliers
- The biggest seller of oil products in Scandinavia
- Engaged in new energy sources such as wind power, tidal power, wave power, biofuel and hydrogen
- Listed on the Oslo and New York stock exchanges
