Petoro has delivered a cash flow of NOK 34 billion to the state as of the first half of 2020. This is a decline of 43 per cent compared with the same period in 2019. As previously announced, the cash flow for the 2nd
quarter was sharply reduced and ended at NOK 7 billion, the lowest since Petoro was established in 2001. The drop in oil and gas prices was generally caused by a loss of demand as a result of global measures initiated to prevent the spread of Covid-19 infection, and the impact this has had on the global economy.