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GE Oil & Gas and StatoilHydro Sign Agreement

Posted on February 12, 2008

StatoilHydro and GE Oil & Gas have signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects. The agreement marks GE Oil & Gas’ and StatoilHydro’s commitment to continuously work towards developing new concepts and technology, as well as improving existing technology, for the efficient exploration, production and transportation of oil and gas, within onshore, offshore and subsea environments.

The joint technology cooperation is anticipated to comprise projects within the following areas: subsea developments; effective and efficient power generation and environment, climate change and renewable energy. In addition, StatoilHydro and GE Oil & Gas will intend to share experiences and best practices related to Innovation and Research and Development.

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