Statoil was informed on 26 September 2007 about possible consultancy agreements and transactions associated with Hydro's petroleum activities in Libya, which were transferred to StatoilHydro as of 1 October 2007 as part of the merger with Hydro's petroleum business, and which could be in conflict with applicable Norwegian and US anti-corruption legislation. Following a preliminary assessment by StatoilHydro, an external review of the relevant aspects was initiated.

The external US and Norwegian legal counsels who conducted the review delivered their report to StatoilHydro ASA's CEO on 6 October 2008. The report has also been submitted to the National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway (Økokrim), the US Department of Justice, the US Securites and Exchange Commission and Libyan authorities. The report does not draw any legal conclusions, and, in accordance with the mandate for the review, only entails the facts relevant to applicable Norwegian and US anti-corruption legislation to which StatoilHydro ASA may be subject as a result of the merger.

Along with certain conditions in Kurdistan and Angola, the report addresses five different issues related to activities by the former Hydro Oil & Energy business in Libya. The issues related to Libya are connected to Hydro Oil & Energy's own use, and operators' use, of consultants and the payment of fees to NOC management committee members.

On the basis of the conditions described in the report, StatoilHydro has assessed the consequences for the group and for the individuals involved. Two individuals agreed to resign from their positions, including their roles in the corporate executive committee, and another person asked to be relieved of current responsibilities.