Pedersen says Petoro even more important for the NCS over the next decade”

A first-quarter income improvement of 20 per cent for the State’s Direct Financial Interest (SDFI) in the Norwegian oil sector has been presented by Petoro on its 10th anniversary, May 9th 2011. This represents a 20 per cent increase from the same period of 2010. President and CEO, Mr. Kjell Pedersen, says that Petoro succeeded in creating great value added over these 10 years, but is nevertheless sure that the company will be even more important for the Norwegian continental shelf (NCS) over the next decade.