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

Management of Petoro AS

Petoro’s management team possesses broad specialist expertise as well as long and extensive experience from the petroleum industry on the NCS and internationally.
Emile Ashley
Photo: Emile Ashley

Olav Boye Sivertsen

- Vice president legal affairs
Education: 
Law degree from the University of Oslo.

Career: 
Has previously held posts as legal affairs officer at ExxonMobil, head of the legal affairs department for Mobil Norway, as well as public administration posts with the Ministry of Petroleum and Energy, the Ministry of Labour and Local Government and the Norwegian Petroleum Directorate. Also has international experience from Mobil's US business.

Legal affairs department:
This department is responsible for legal issues and advice related to the company’s activities, including production licences and partnership. The vice president legal affairs also acts as the secretary to the board.