StatoilHydro’s CEO meets UK energy minister in London

Chief executive Helge Lund and UK minister for energy and climate change Ed Miliband met in London on Tuesday September 15, to discuss issues relating to StatoilHydro’s business in Britain.

UK energy and climate change minister, Ed Miliband (left) and StatoilHydro CEO, Helge Lund, met this week in London to discuss issues relating to business. (Photo: Peter Whyte)

UK energy and climate change minister, Ed Miliband (left) and StatoilHydro CEO, Helge Lund, met this week in London to discuss issues relating to business. (Photo: Peter Whyte)

Miliband underlined UK’s good relationship with Norway and StatoilHydro. He stressed the company’s important role as a reliable supplier of natural gas to the UK market. The minister also expressed interest in the Sheringham Shoal wind farm project, writes StatoilHydro on their website.

“We are exporting large gas volumes to the UK, and we have important projects here both within upstream oil and gas and offshore wind,” Lund said. StatoilHydro currently employs about 250 people in Statoil UK. Their business activities include natural gas trading, crude trading, and exploration and production in the UK, Ireland, and the Faroe Islands.

StatoilHydro also have two major operatorships in the pipeline. Next year major construction starts at the Sheringham Shoal offshore wind farm, consisting of 88 wind turbines that will be able to supply power to approximately 220,000 homes. The Mariner and Bressay heavy oil fields are also currently being evaluated for development.

Read more on StatoilHydro.com

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