Solid revenues for the state in an unprecedented year
[09.03.2021] - Press Release Petoro 2020 results
Petoro delivered NOK 59 billion to the state in 2020. This is a decline of 37 billion from 2019. The primary reason is the substantial drop in oil and gas prices due to Covid-19. "In a very unusual year characterised by shutdowns and tough restrictions on mobility, the SDFI portfolio showed its strength. This contributes to significant revenues and emphasises how important our industry is for society," says acting CEO Kjell Morisbak Lund.