Our vision is to be a driving force on the Norwegian shelf. Petoro shall work to increase the competitiveness of the portfolio by ensuring cost-effective solutions, minimal uncertainty regarding the reserve base and sound operations.
Petoro emphasises good interaction with other licensees, the supplier industry, technology communities, authorities and the broader society.
Petoro is not an operator, but looks after the State’s participating interests in the petroleum activity. Petoro has the same rights and obligations as other licensees on the Norwegian shelf.
The Company’s opportunity to create values depends on close cooperation and the ability to influence operators and other partners.
Petoro devotes considerable attention to further developing and strengthening the competitiveness of the Norwegian shelf. We prioritise in-depth efforts on selected fields, in addition to promoting a comprehensive approach in our efforts to manage the SDFI portfolio.