About Petoro

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. Petoro’s formal role as the licensee acting on behalf of the state is described in this two-minute film. Animation on Petoro

Board of directors

Kjetil Alsvik
Photo: Kjetil Alsvik

Per-Olaf Hustad

- Director
Years of election/re-election: 

Other directorships: 
Chair, NOBU Group AS


MSc petroleum technology, Norwegian Institute of Technology (now Norwegian University of Science and Technology) 

Statoil, 1976-80, then more than 30 years with Shell – including executive positions in operator companies and major projects. Head of exploration and production for Shell in Norway to 2012.