En drivkraft på norsk sokkel
The Norwegian State has substantial holdings in several oil and gas fields, pipelines and land facilities linked to the Norwegian continental shelf through the State’s Direct Financial Interest (SDFI). Petoro AS manages these interests. The Company’s most important task is to ensure maximum value and achieve the highest possible income to the State from SDFI. The entire cash flow from SDFI is transferred to the Government Pension Fund Global (the Petroleum Fund).
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Photo: Harald Pettersen / Equinor

1.3 billion per day straight to the Norwegian state

[03.08.2022] - Press release - Second quarter 2022
Petoro has delivered a cash flow of NOK 234 billion as of the second quarter of 2022, 48 billion more than the result for the entire record-breaking year of 2021. Cash flow for the second quarter in isolation amounted to NOK 121 billion. This means that the SDFI portfolio, which Petoro manages, contributed 1.3 billion to the Norwegian welfare state every single day during the first half of 2022.
1.3 billion per day straight to the Norwegian state - 2022-08-03 10:00
1.3 billion per day straight to the Norwegian state - 2022-08-03 10:00
The value of the SDFI portfolio increased by NOK 540 billion
The value of the SDFI portfolio increased by NOK 540 billion
[27.06.2022]
The state's direct financial interest (SDFI) managed by Petoro is as of 1 January 2022 valued at NOK 1584 billion according to a valuation carried out by Rystad Energy on behalf of the Ministry of Trade, Industry and Fisheries.
The value of the SDFI portfolio increased by NOK 540 billion - 2022-06-27 15:00
PDO for Halten East submitted today
PDO for Halten East submitted today
[25.05.2022]
The partnership in Halten East has today submitted a plan for development and operation to the Minister of Petroleum and Energy Terje Aasland. The plan provides for investments of around NOK 9 billion in development near the Åsgard field in the Norwegian Sea. Halten East consists of six gas and condensate discoveries and an option for another three prospects. The partnerships are Equinor, Vår Energi, Spirit Energy and Petoro.
PDO for Halten East submitted today - 2022-05-25 12:00
Petoro delivers 113 billion and sets high climate targets
Petoro delivers 113 billion and sets high climate targets
[11.05.2022] - Press release - First quarter 2022
Petoro delivered a record-high NOK 113 billion in cash flow to the State from the SDFI portfolio in the first quarter of 2022. This is 87 billion higher than in the first quarter of 2021. The reason for this record-breaking result was good operations and exceptionally high product prices as a result of the war in Ukraine.
Petoro delivers 113 billion and sets high climate targets - 2022-05-11 10:00
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SDFI facts

Petoro manages the State’s Direct Financial Interest and is a licensee for about 1/3 of the oil and gas reserves, with interests in 37 producing fields on the Norwegian shelf.
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Results

Results

Petoro shall, on a commercial basis, create the greatest possible financial value from the SDFI.
Results
Organisation

Organisation

Petoro has a small and flat organisation with employees who have long and broad-based experience from the petroleum industry.
Organisation
Main tasks

Main tasks

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.
Main tasks