Net income in the first quarter of 2008 amounted to NOK 16.0 billion, compared to NOK 9.9 billion in the first quarter of 2007.
StatoilHydro has discovered hydrocarbons in two wells in the Oseberg area in the Norwegian offshore sector of the North Sea.
StatoilHydro has confirmed the existence of gas and condensate on the Alve field in the Norwegian Sea around 16 km southeast of the Norne field.
