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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Cecilie Point Pedersen (from left), TotalEnergies, Wenche Tjelta Johansen, The Norwegian Petroleum Directorate, Stein Wolden, ConocoPhillips, Kjell Morrisbak-Lund, Petoro, Marte Mjøs Persen, Minister of Petroleum and Energy, and from Equinor Arild Gjerstad, Cecilie Aarskog Bekkeheien and Kjetil Hove. (Photo: Arne Reidar Mortensen / Equinor ASA)

Investing 10 billions in the Oseberg field

[26.11.2021]
The Oseberg partners have made an investment decision of NOK 10 billion in further development of the field.
Extreme prices yield record-high cash flow
Extreme prices yield record-high cash flow
[28.10.2021) - Press release - Third quarter 2021
Petoro delivered a cash flow of NOK 98 billion as of the third quarter. Cash flow for the third quarter in isolation amounted to NOK 44 billion, which is the highest single-quarter figure in Petoro's history.
PDO for Ormen Lange subsea compression
PDO for Ormen Lange subsea compression
[20.09.2021]
The Ormen Lange partners have made a final investment decision for a subsea compression project on one of Norway's largest gas fields. Plan for development and operation was sent to the Ministry of Petroleum and Energy today, September 20th.
Troll phase 3 in production
Troll phase 3 in production
[30.08.2021]
Today, production starts from Troll phase 3. The new wells are connected to Troll A and will extend the platform's lifetime until after 2050. Phase 3 has a balance price of less than 10 dollars and a CO2 emission of less than 0.1 kilos per barrel.
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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 36 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.