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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-We just closed the books on a hectic year with several large investment decisions, and moving forward, this will give us the opportunity to bolster our efforts to generate new value creation opportunities on our fields.- Photo: Elisabeth Tønnessen

Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State

[09.05.2023] - Press release - First quarter 2023
Petoro delivered NOK 117 billion in cash flow to the State from the SDFI portfolio in the first quarter of 2023. This is four billion more than the first quarter of 2022 and 91 billion more than the first quarter of 2021.
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State - 2023-05-09 10:00
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State - 2023-05-09 10:00
528 billion to the Norwegian state in 2022 - a year of exceptions
528 billion to the Norwegian state in 2022 - a year of exceptions
[14.03.2023] - Press Release Petoro 2022 results
Petoro delivered NOK 528 billion to the Norwegian state in 2022, more than five times the amount in a normal year. Energy prices are at record highs as a result of the war in Ukraine; a war that will cast a shadow over the geopolitical scenario for quite some time. Norway now covers 30% of Europe’s gas needs. Gas deliveries from the Norwegian shelf increased by eight per cent in 2022
528 billion to the Norwegian state in 2022 - a year of exceptions - 2023-03-14 10:00
New development plan for Snøhvit delivered
New development plan for Snøhvit delivered
[21.12.2022]
The partnership in Snøhvit delivered on Tuesday 20 December 2022 plans for development and operation for Snøhvit Future to Minister of Petroleum and Energy Terje Aasland. The Snøhvit partners Equinor (operator) Petoro, TotalEnergies, Neptune and Wintershall Dea are to invest NOK 13.2 billion in upgrades to Hammerfest LNG (HLNG) on Melkøya.
 
New development plan for Snøhvit delivered - 2022-12-21 14:00
Plan for Dvalin North gas field submitted
Plan for Dvalin North gas field submitted
[13.12.2022]
Together with partner Sval Energi and operator Wintershall Dea, Petoro has submitted a plan for development and operation (POD) to the Ministry of Petroleum and Energy for Dvalin North gas field in the Norwegian Sea. The development will be connected to the Heidrun platform via a bottom frame on the existing Dvalin and will increase Norwegian gas exports to Europe.
Plan for Dvalin North gas field submitted - 2022-12-13
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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.
femfelt2022-en
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