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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Kjersti Bergsåker-Aspøy. Photo: Elisabeth Tønnessen

New Vice President Legal Affairs

[02.10.2020]
Kjersti Bergsåker-Aspøy took up her position as Vice President Legal Affairs
in Petoro on October 1st and is a member of Petoro's management team.
Green light for Breidablikk
Green light for Breidablikk
[28.09.2020]
The partnership in Breidablikk, Petoro, Vår Energi, ConocoPhillips and Equinor (operator) have decided to develop the Breidablikk field in the North Sea. Monday 28th of September, the partnership submitted the plan for development and operation (PDO) to the Minister of Petroleum and Energy. Expected recovery from the field is approx 200 million barrels of oil and the investments will be just under NOK 20 billion. The Breidablikk field is one of the largest oil discoveries on the Norwegian shelf that has not yet been developed. The decision to develop the field will provide significant value to Norwegian society and the owners.
Kjell Morisbak Lund appointed as acting CEO
Kjell Morisbak Lund appointed as acting CEO
[07.09.2020]
Kjell Morisbak Lund will serve as acting CEO of Petoro from Monday 7th September 2020 and will be temporarily appointed to the position until a new CEO is in place. Kjell has extensive industry experience and has been in the management of Petoro since 2014. - I am very happy that Kjell Morisbak Lund is willing to take on the task of leading the company until a new CEO is in place, says Wærsted.
Grethe Moen resigns as Petoro CEO
Grethe Moen resigns as Petoro CEO
[12.08.2020]
CEO Grethe Moen is stepping down as head of Petoro. Moen has held this position for nearly 8 years. The recruitment process to find her successor will start immediately, and Moen will remain in the position until a new CEO is in place no later than the end of February.
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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 34 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.
Organisation

Organisation

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