NOK 56 bn to the government, more from oil, less from gas

The Norwegian government received NOK 56 bn from its direct ownership in the oil and gas business, first half of 2010. This is on par with first half of 2009. A major difference is that oil is back on top in terms of value, despite continued production decline. Gas on the other hand, is up on production, but down on price. The issue of falling oil production and an uncertain gas market is also represented in Petoro's new strategy - decided by the board of directors in the 2. quarter.