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  • [09.05.12]
    Petoro's best ever quarter – net cash flow up 25 per cent

    Strong growth in the volume of gas sales and higher oil and gas prices combined to boost cash flow from the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf (NCS) by no less than 25 per cent in the first quarter of 2012, compared with the same period of last year. NOK 42.9 billion was transferred to the government in the first three months of 2012. "It’s very positive to be able to present a report for the first quarter with an overall production increase and a levelling off for oil output compared to previous years. The production development and relatively stable prices through this period have enabled us to transfer the highest net cash flow to the government, in the history of Petoro", said president and CEO, Kjell Pedersen.

  • [04.05.12]
    Press conference on the interim results for the SDFI per 1Q 2012

    Petoro AS invites media to a press conference with presentation of results per 1Q 2012.

  • [28.02.12]
    2011 Great year for Petoro and SDFI

    Net cash flow to the government from the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf (NCS) was NOK 128.1 billion in 2011, up 24 per cent from NOK 103.6 billion the year before. SDFI reserves rose by a net 601 million barrels of oil equivalent (boe) from 2010, the biggest increase since Ormen Lange in 2003. Combined with major discoveries, this can help to maintain SDFI production at its present level of about one million boe per day for the next decade.

  • [22.02.12]
    Invitation to press conference

    Petoro AS invites media to a press conference where annual results for The State's Direct Financial Interest (SDFI) will be presented.

  • [02.02.12]
    Gullkronen 2012 award to Petoro and Faroe Petroleum

    Petoro and Faroe Petroleum were jointly awarded Business Developer prize of the year, during Rystad Energy's "Gullkronen 2012" in Oslo recently. The award was for the swop of assets between Petoro and Faroe last year, where Petoro acquired Faroes 30 per cent share of the Maria discovery in the Norwegian Sea, while Faroe took over shares in a number of producing fields which were of less significance in Petoro's 146 license portfolio. fikk andeler i en rekke mindre felt som er i produksjon.