Statoil Chief Plays Up Arctic Record in Bid for Yamal Gas Role

Sept. 30 (Bloomberg) — StatoilHydro ASA, Norway’s largest oil and natural gas producer, plans to trumpet its experience in developing and running Arctic projects in a bid to be picked by Russia as a partner on the Yamal peninsula in northern Siberia.

“This is one of the areas where we can have a competitive advantage,” Helge Lund, StatoilHydro’s chief executive officer, said in an interview outside Oslo. “One thing is to talk about an Arctic development and another thing is to actually do it. We’ve done it, primarily on the Snøhvit field, and we learned a lot, both positive and negative.”

Read the Bloomberg article written by Marianne Stigset here