The table includes contractual obligations, but excludes derivatives and other hedging instruments as well as asset retirement obligations, which for the most part are expected to lead to cash disbursements more than five years into the future. Obligations payable by StatoilHydro to unconsolidated equity affiliates are included gross in the table. Where StatoilHydro includes both an ownership interest and the transport capacity cost for a pipeline in the consolidated accounts, the amounts in the table include the transport commitments that exceed StatoilHydro's ownership share. See also report section 6.2.2 Risk review - Risk management- Quantitative and qualitative disclosures about market risk for more information.

	As at 31 December, 2008
	Payment due by period
Contractual obligations (in NOK billion)	Less than 1 year	1-3 years	4-5 years	More than 5 years	Total
Undiscounted non-current financial liabilities	-	14.6	14.1	53.3	82.1
Minimum operating lease payments	16.1	22.5	10.8	4.0	53.3
Nominal minimum payments related to transport capacity, terminal capacity and similar commitments	7.8	16.1	13.5	41.7	79.1
Total contractual obligations	23.9	53.2	38.4	98.9	214.4

Non-current debt in the table represents principal payment obligations. For information on interest commitments relating to long-term debt, reference is made to Note 20 - Non-Current Financial liabilities and Note 25 - Leases to our Consolidated Financial Statements included in this report.

Contractual obligations relating to capital expenditures, acquisitions of intangible assets and construction in progress amounted to NOK 47.4 billion as of 31 December 2008, of which payments of NOK 21.1 billion are due within one year.

Over time, we have increasing flexibility in terms of capital expenditure commitments. This flexibility is partly dependent on decisions made by partners.

The group's projected pension benefit obligation was NOK 59.2 billion and the fair value of plan assets amounted to NOK 33.7 billion as of 31 December 2008. Actuarial gains and losses amounted to NOK 7.9 billion as of 31 December 2008 and are reported as part of the Statement of Recognised Income and Expense (SORIE) (equity). Company contributions are mainly related to employees in Norway. This payment may either be paid in cash or be deducted from the pension premium fund. On 31 December 2008, the pension premium fund amounts to NOK 4.5 billion. The decision whether to pay in cash or deduct from the pension premium fund is made on an annual basis. In 2008, NOK 2.9 billion was deducted from the pension premium fund. The company contribution in 2008, paid in cash, was NOK 0.2 billion (exclusive of payroll tax). The expected company contribution for 2009 is NOK 2.5 billion.