Offshore staff

STAVANGER, Norway --Statoil and Hydro have completed their merger, completing a new company with 31,000 employees in 40 countries.

StatoilHydro's stated aims include:
• Maintaining a high level of exploration and project development on the Norwegian shelf, with an emphasis on improving recovery

• Creating strong, international upstream positions, in part through transferring technology and expertise built up offshore Norway.

"We want to be recognized as a technologically competent and innovative company that creates long-term value for our shareholders through open and good collaboration with partners, suppliers, and authorities," said StatoilHydro's chief executive Helge Lund.

10/01/2007