Norway: StatoilHydro aims to boost production on Norwegian shelf and increase competitiveness internationally, company exec says ///
Tore Torvund is StatoilHydro’s executive vice president for Exploration & Production Norway. With the merger of Statoil with Norsk Hydro’s oil and gas activities in 2007, Mr. Torvund took charge of the largest operator on the Norwegian Continental Shelf (NCS), with 60% of the shelf’s total production. StatoilHydro’s ambition is to create long-term profitable growth through increased international activities and renewed efforts on the NCS.
Question: How has last year’s merger affected the culture and goals of your company’s E&P operations?
Answer: The process to integrate Statoil and Hydro’s oil and gas activities started one year ago, and the merger became effective as of October 1 last year. We are proud of having established one of the world’s largest offshore E&P companies with a strong portfolio of activities with the main basis on the Norwegian Continental Shelf. Each of the two companies represents more than 30 years of offshore expertise and experience...
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