En drivkraft på norsk sokkel
The Norwegian State has substantial holdings in several oil and gas fields, pipelines and land facilities linked to the Norwegian continental shelf through the State’s Direct Financial Interest (SDFI). Petoro AS manages these interests. The Company’s most important task is to ensure maximum value and achieve the highest possible income to the State from SDFI. The entire cash flow from SDFI is transferred to the Government Pension Fund Global (the Petroleum Fund).
Faktabokser-a%CC%8Arsrapport2023-en
“Our strategy is both to help create additional investment opportunities on mature fields, in addition to finding good area solutions for multiple licences in the portfolio. And to accomplish this with the lowest possible emissions”, says Kristin Kragseth, President and CEO of Petoro. Photo: Anne Lise Norheim.

3000 billion kroner from the SDFI since 2001

[11.03.2024] - Press Release Petoro 2023 results
Petoro delivered a cash flow of NOK 277 billion to the state in 2023. This is the second-highest cash flow ever recorded in the company's history. Since Petoro was established in 2001, the company has delivered more than NOK 3000 billion to the state from the State's Direct Financial Interest (SDFI)
3000 billion kroner from the SDFI since 2001 - 2024-03-11 10:00
3000 billion kroner from the SDFI since 2001 - 2024-03-11 10:00
Continued strong cash flow despite lower gas prices and maintenance
Continued strong cash flow despite lower gas prices and maintenance
[07.11.2023] - Press release - Third quarter 2023
Petoro has delivered a net cash flow from the State's Direct Financial Interest (SDFI) of NOK 219 billion as of the third quarter of 2023. Cash flow in the third quarter alone came to NOK 39 billion. The cash flow will be transferred to the Norwegian state in its entirety
Continued strong cash flow despite lower gas prices and maintenance - 2023-11-07 10:00
Petoro delivered NOK 180 billion to the state in the first half of 2023
Petoro delivered NOK 180 billion to the state in the first half of 2023
[02.08.2023] - Press release - Second quarter 2023
Petoro delivered a net cash flow from the State’s Direct Financial Interest (SDFI) of NOK 180 billion as of the end of the second quarter of 2023. Net cash flow for the second quarter alone was NOK 63 billion. 
Petoro delivered NOK 180 billion to the state in the first half of 2023 - 2023-08-02 10:00
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
[09.05.2023] - Press release - First quarter 2023
Petoro delivered NOK 117 billion in cash flow to the State from the SDFI portfolio in the first quarter of 2023. This is four billion more than the first quarter of 2022 and 91 billion more than the first quarter of 2021.
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State - 2023-05-09 10:00
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SDFI facts

Petoro manages the State’s Direct Financial Interest and is a licensee for about 1/3 of the oil and gas reserves, with interests in 43 producing fields on the Norwegian shelf.
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Results

Results

Petoro shall, on a commercial basis, create the greatest possible financial value from the SDFI.
Results
Organisation

Organisation

Petoro has a small and flat organisation with employees who have long and broad-based experience from the petroleum industry.
Organisation
Main tasks

Main tasks

Petoro is a state-owned limited company which manages the SDFI in the Norwegian oil and gas sector. These holdings comprise a third of Norway’s oil and gas reserves and associated facilities.
Main tasks