A driving force offshore Norway

The Norwegian state has substantial holdings in production licences on the Norwegian continental shelf (NCS) through the State’s Direct Financial Interest (SDFI). These assets are managed by Petoro AS. The company’s most important job is to help ensure the highest possible value creation from the SDFI to the benefit of the whole of Norway

Visit Petoro at ONS in Stavanger from 29th August – 1st September 2016 We are located in hall 8, booth 840
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Besøk Petoros stand på ONS i Stavanger fra 29. august til 1. september 2016. Du finner oss i hall 8, stand nummer 840
oseberg field centre-photo-harald pettersen-statoil

Oil industry’s future depends on sustainable change in efficiency

[04.08.2016] - Press release, 2nd quarter of 2016
Change is continuing on the Norwegian continental shelf (NCS). Part of this transformation includes a drive to enhance efficiency. Where drilling is concerned, that has yielded visible results, but the positive trend from 2015 is now levelling out.
Further improvements are necessary, and Petoro would again emphasise that the industry requires lasting structural transformation.

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Brian Bjordal elected new board member

At the general meeting 15. June 2016 Brian Bjordal was elected as new member and deputy chair for the board of Petoro AS.

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[16.03.2016] - Press release, Petoro annual results 2015

Restructuring gives results – industry on the right track

Despite a challenging year, cash flow from the State’s Direct Financial Interest (SDFI) in the Norwegian oil and gas sector came to a substantial NOK 94 billion for 2015. Restructuring has so far yielded promising results in the necessary transformation of the industry.

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gkm - portrett
[06.08.2015] Press release, 3rd quarter of 2015

Ambitious goals – a precondition

Changes to the operations of fields in the State’s Direct Financial Interest (SDFI) portfolio are moving in the right direction, reports Grethe Moen, CEO of Petoro. “A doubling in the pace of drilling on certain installations shows that it is possible to meet ambitions for efficiency improvements which halve costs. Given what we’ve seen, we still believe a great potential for improvement exists. Further progress in this direction requires a more radical approach.”

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Read the directors' report