StatoilHydro reduce expenses by about $ 210 million Norwegian StatoilHydro, the world’s largest shelf oil and gas company and third largest oil exporter, announced the reduction of funding for 2009 to 1.5 billion kroner (about 210 million dollars) because of the financial crisis.As stated in the statement StatoilHydro, mainly to reduce the cost of administrative needs, information technology and enterprise development. At the same time, the head of the group Helge Lyund said that the company will continue expanding production, despite the uncertainty in the international market. We take the responsibility fully realize the potential of the Norwegian Shelf , – said Lyund. In 2009, StatoilHydro plans to open 8 new projects: five on the Norwegian shelf and three more in Angola, Tahiti and the Gulf of Mexico. As reported in the company, the projects will be profitable when oil cost 35 dollars per barrel, passes PRIME-TASS.
