Increased cash flow and high activity level
[30.10.2020] - Press release - third quarter 2020
Petoro has delivered a cash flow of NOK 45 billion to the state as of the third quarter. This is a decline of 42 per cent compared with the same period in 2019. The cash flow for the third quarter was NOK 12 billion, which represents a cash flow improvement of five billion compared with the second quarter. The increase was caused by temporary easing of global infection control measures, which led to growth in demand and an increase in oil and gas prices.