Yes it is as simple as doing it in any other routing protocols. The only difference is that you have to use the keyword 'subnets' to be able to redistribute subnets of a major network into ospf. For example:
router ospf 10
redistribute static subnets
This will redistribute all static routes into your ospf process. If your static routes reference subnets of a major network then those will also be redistributed. For example 10.1.1.0/24 and 10.2.2.0/24 are subnets of a major network 10.0.0.0/8.
Another thing you might want to look at is the metric ospf assigns to redistributed routes. If you do not specify the metric in the redistribute statement then ospf will automatically give the routes a metric of 20 except for BGP which gets 1. I think you will find going through information available on the following link very helpful:
http://www.cisco.com/en/US/tech/tk365/tk480/tsd_technology_support_sub-protocol_home.html