StatoilHydro Extends NOK 2.5B Service Contracts

STOCKHOLM (Dow Jones Newswires), August 15, 2008

StatoilHydro said Friday it has extended contracts with Halliburton, MI Swaco and Schlumberger for cementing and fluid services in the Norwegian offshore sector. The extensions are collectively valued at a total of NOK2.5 billion.

The contract extension with Halliburton comprises fluid and cementing services on several installations. The extension becomes effective on September 1, 2008 and lasts for two years.

The contract extension with MI Swaco is for fluid services. The extension is for two years and starts on September 1, 2008.

The contract extension with Schlumberger comprises cementing services. It is also for a two-year period, kicking off on September 1, 2008.

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