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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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
Petoro delivers 113 billion and sets high climate targets - 2022-05-11 10:00
Cutting emissions from the SDFI portfolio by 55%
Cutting emissions from the SDFI portfolio by 55%
[11.05.2022]
Today, Petoro is publishing its first sustainability report to highlight the significance of Petoro and the SDFI portfolio in a sustainability perspective. "This is also underscored by the energy trilemma we're currently facing; energy security, adapting to a sustainable future and energy that is accessible for everyone at an acceptable price," says CEO Kristin Kragseth.
Cutting emissions from the SDFI portfolio by 55% - 2022-05-11 10:00
32 places up!
32 places up!
[25.03.2022]
Petoro made a jump of 32 places on the SHE index for 2021, and came in a nice 16th place with a score of 84 points! Companies in the energy industry have an average of 73 points. Petoro is in 2nd place in Norway behind Equinor in the energy industry. 84 Norwegian companies with more than 50 employees participated. This year, IKEA was the best of all with a score of 95 points.
32 places up! - 2022-03-25 11:00
186 billion for the state – reliable energy deliveries to Europe
186 billion for the state – reliable energy deliveries to Europe
[09.03.2022] - Press Release Petoro 2021 results
Petoro delivered NOK 186 billion to the state in 2021.This is the best result in Petoro's 20-year history and an increase of 215% compared with 2020. "It's fantastic to be able to provide an amount like this for the Norwegian welfare state, but I'm also reflecting on how this isn't good for those who depend on buying our energy," says CEO Kristin Kragseth.
186 billion for the state – reliable energy deliveries to Europe - 2021-03-09 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