NOK 97 billion to Norwegian government in 2009 - Petoro calls for all-out effort for necessary changes

According to the annual accounts from Petoro, which manages the SDFI, cash flow to the government was NOK 97 billion. That represented a decline from NOK 155.4 billion in 2008. Petoro sees big opportunities on the Norwegian continental shelf (NCS) as well as major challenges, and has called for an all-out effort to achieve the necessary changes while the industry still has the necessary resources. Petoro's President and CEO, Mr. Kjell Pedersen warns about the possibility that big producing fields may be shut down too early and says that "changes are needed to the way we explore for, develop and produce oil and gas on the NCS."