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Norway's StatoilHydro Hopes to Work With Russia in Arctic

The Norwegian oil giant, StatoilHydro, has begun a two-year drilling programme in Arctic

Norway's StatoilHydro Hopes to Work With Russia in Arctic

The Norwegian oil giant, StatoilHydro, has begun a two-year drilling programme in Arctic waters to determine the potential of Norway's reserves.

Norway hopes to cooperate with Russian companies such as Gazprom to find oil and gas further into the Arctic, including disputed areas.

Helge Lund, StatoilHydro's chief executive, has called for an international framework to protect fragile communities and environments in the Arctic, to enable development to go ahead without unacceptable damage.

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