Kharyaga field development
StatoilHydro has a 40% share in the project of Kharyaga field development on PSA terms. Total is the operator. The field`s production capacity is 21,000 barrels of oil per day.
A third phase of the development, which will increase production even further, is planned.
Shtokman development
StatoilHydro signed 25. October 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.
Shtokman Development Company will be responsible for planning, financing and constructing the infrastructure necessary for the first phase of the Shtokman development and will own the infrastructure for 25 years from start of commercial production. This includes offshore installations, pipeline to shore and the onshore processing plants for both liquefied natural gas (LNG) and piped gas.
The implementation of the project is subject to a final investment decision in the second half of 2009.
The Shtokman field, located in the Russian part of the Barents Sea, is the world's largest undeveloped offshore gas field with gas initially in place (GIIP) of around 3,700 billion cubic metres (bcm). The annual production is estimated to be 23.7 bcm for the first phase. The basis for phase 1 includes both LNG and piped gas.
Service stations and lubricants sales
StatoilHydro's subsidiary Statoil Energy & Retail Russia operates eight Statoil-branded service stations in the Murmansk region of the Kola Peninsula.
In 2008 we opened a new energy and retail headquarter in St. Petersburg, aiming to expand the network of service stations in Northwestern Russia.
The company is also selling Statoil lubricants on the Russian market, having distributors in many parts of the country.
