USA 

In just a few years StatoilHydro has positioned itself as a significant player in the exploration and development of oil and gas deposits in the Gulf of Mexico (GoM).

We are currently positioned as one of the largest license holders in deepwater GoM, which presents our attractive portfolio and strong commitment to this area.

The Houston office currently produces 50,000 bbls of oil equivalents a day, with more than USD $8.5 billion invested to date. The constant build up of this office’s portfolio is done through acquisitions, farm-ins and future license rounds.

StatoilHydro has a trading office in Stamford, Connecticut which plays an important role in our global network for trading crude oil and refined products. From here we deliver about 600,000 barrels of crude oil, petrol, propane and butane into the North American market every day.

StatoilHydro and Chesapeake Energy Corporation (CEC) recently concluded a strategic agreement to explore unconventional gas opportunities globally. This agreement marks our entry into the exploration for and production of shale gas, with growth potential in the US and worldwide.