Statoil-Hydro

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Stavanger, Norway-based Statoil-Hydro (NYSE: STO), an integrated oil and gas company, in November, 2008 purchased 32.5% of Chesapeake Energy's 1.8 million net acre Marcellus shale leasehold for $3.375 billion. The two companies have entered into a joint venture wherein they will jointly explore the Marcellus drilling rights purchased by Statoil-Hydro in the deal. 

* Helge Lund is Statoil's CEO
  • Eldar Saetre is the company's CFO.
  • Andy Winkle is Vice President of Onshore Gas.
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