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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Verdande secures important oil volumes for Norne

[03.12.2022]
The partnership has submitted a plan for development and operation (PDO) for Verdande to the Ministry of Petroleum and Energy.
Verdande secures important oil volumes for Norne - 2022-12-06 11:00
Verdande secures important oil volumes for Norne - 2022-12-06 11:00
Irpa in the Norwegian Sea will secure more gas to Europe
Irpa in the Norwegian Sea will secure more gas to Europe
[22.11.2022]

The partnership in Irpa submitted today the plan for the development and operation (PDO) of the gas discovery to the Ministry of Petroleum and Energy. The partnership is Equinor Energy AS (operator) 51%, Petoro (20%), Wintershall DEA (19%) and Shell (10%). The development will ensure safe supplies of gas to Europe.

Irpa in the Norwegian Sea will secure more gas to Europe - 2022-11-22
PDO for Maria phase 2
PDO for Maria phase 2
[15.11.2022]
The partnership for the Maria field in the Norwegian Sea, Petoro, Sval Energi and Wintershall Dea (operator) submitted today the plan for development and operation (PUD) for the second phase of the field.
PDO for Maria phase 2 - 2022-11-15
Investment decision for the Wisting project is postponed
Investment decision for the Wisting project is postponed
[10.11.2022]
It has today been announced that the partnership in the Wisting license has chosen to postpone the investment decision for the project.
Investment decision for the Wisting project is postponed - 2022-11-10
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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