National Extractive Industry Transparency Initiative

StatoilHydro has a 90% interest in and the operatorship for blocks 2 and 5 in the Rovuma basin off northern Mozambique. Our agreement on activities here with national oil company Empresa Nacional de Hidrocarbonetos, which holds the remaining 10%, covers exploration and future oil production. The water depth in the area varies from roughly 300 to more than 2,000 metres.