World's Energy

January 14, 2009 - Rigzone - Norwegian oil major StatoilHydro said it expects to make a final decision on whether to invest in the development of the Shtokman gas field offshore Russia this year or in 2010. "The plan so far has been to mature the project towards an FID (final investment decision) either towards the end of this year or next year," Chief Executive Helge Lund said. "The key focus for all three participants in the (Shtokman) development company is to mature the project technically, and that is exactly what we will do," Lund said. Russia's Gazprom has 51 percent of Shtokman Development AG, while France's Total has 25 percent and StatoilHydro 24 percent.