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.
- Peter Mellbye is Head of International Exploration and Production.