Refuses to quantify Shtokman costs
Chief executive in StatoilHydro Helge Lund does not want to quantify how much the company is spending on the Shtokman project.
- I do not want to say how much the company is spending on the Shtokman project right now, Lund told the Norwegian magazine Teknisk Ukeblad. We will present our investment decisions in 2010, and then we will make our numbers public.
At a recent press conference Total’s director for Exploration & Production Yves-Louis Darricarrere said that Total is spending 200 million USD on preparing the basis for a our investment decisions. According to Teknisk Ukeblad, StatoilHydro is probably spending a similar amount.
The number is based on Total’s part in studies and explorations conducted by the Shtokman Development Company, where Total owns 25 percent of the shares, StatoilHydro 24 percent and Gazprom 51 percent.
