A driving force on the Norwegian continental shelf
The Norwegian government has large
holdings in oil and gas licences on
Norway’s continental shelf (NCS) through
the State’s Direct Financial Interest (SDFI).
These are managed by Petoro AS.
The company’s most important job is
to help ensure the highest possible
value creation from the SDFI
– value which benefits the
whole of Norway.
0069196 - oseberg field centre - photo %c3%98yvind hagen - statoil
Restructuring well under way, now we need to get more out of mature fields

sverdrup-pud
[05.05.2015] - Press release, first quarter 2015

“We see clearly that the oil industry is taking the challenges seriously,” says CEO Grethe Moen in connection with the presentation of Petoro’s results for the first quarter of 2015. “Costs for fields in production were cut by seven per cent in the first quarter. Real efficiency improvements to achieve a substantially lower level of costs will call for hard work over a long time to come and is a necessary correction. At the same time, it’s important that new business opportunities are brought forward. Priorities must be discussed in every licence.”
Read the press release
Read the ​directors’ report

    Petoro - en drivkraft på norsk sokkel
    [05.05.2015]
    Development plan for the Maria field submitted

    img 7015-2The operator, Wintershall, and partners Petoro and Centrica on May 5 sumbitted the plan for development and operations of the Maria field to the minister of oil and energy, Tord Lien. The 15.3 billion NOK field will start producing in 2018. Petoro tok over a 30 per cent share in 2011 and has in the planning phase been keen to see an efficient use of existing infrastructure as part of the Mariadevelopment in this part of the Norwegian Sea.
    Read more: www.wintershall.no
     


      Petoro - en drivkraft på norsk sokkel
      [13.03.15] - SDFI 2014:
      Mature fields more important than ever

      0090124 - oseberg field centre - photo harald pettersen - statoil
      Oseberg field centre - Photo Harald Pettersen - Statoil

      A cash flow of NOK 111 billion in 2014 represented a continued high level of revenues from the State’s Direct Financial Interest (SDFI) in Norway’s oil sector. Petoro chief executive Grethe Moen notes that fewer new developments mean income from the SDFI will be more dependent than ever on the mature fields over the next few years.
      Read the press release
      Read the Director's report



        Petoro - en drivkraft på norsk sokkel
        [27.03.15] - SDFI 2014:
        Annual report for 2014

        petoroannualreport2014-1Petoro's annual report for 2014 is now available on this website and can be accessed by clicking either on the link here or on the Publications tab at the top of this page. The report includes reflections from Petoro chief executive Grethe Moen on the dramatic changes experienced in 2014, the directors’ report and the accounts for both the State's Direct Financial Interest (SDFI) and Petoro AS as the management company for the SDFI
        Click here to read the report


          Petoro - en drivkraft på norsk sokkel
          [13.02.2015] - Press release
          The Johan Sverdrup plan - a historic milestone and industrial foundation

          0094661 - johan sverdrup field centre - photo statoil - statoil“The plan we are submitting today for development and operation of the Johan Sverdrup field represents a milestone in Norwegian petroleum history,” says Grethe Moen, president and CEO of Petoro. “It also provides an industrial foundation for further progress on the Norwegian continental shelf. And 13 February 2015 is   without doubt also a big day for Petoro, which is responsible for managing the state’s interest in this field. That’s a task we accept with both pride and respect.”
          Read more

            Petoro - en drivkraft på norsk sokkel
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            Mailing address: P O Box 300 Sentrum, 4002 Stavanger
            Phone: +47 51 50 20 00  /  e-mail: post@petoro.no
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