Well into the future

[25.08.2014]
is the main theme of Petoro’s participation at the ONS 2014 oil show in Stavanger from 25-28 August. On behalf of the Norwegian government, the company spent NOK 16 billion on production wells last year – or almost half the total investment made in the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf (NCS).
 
The combination of higher drilling costs and lower production per well poses a threat to profitability on the NCS. Petoro wants to see a halving of drilling costs and a doubling in the annual number of production wells drilled from fixed installations.
  
Interviews in the Petoro Perspective magazine with petroleum and energy minister Tord Lien and industry leaders reveal broad agreement that the cost problem must be overcome collectively.

Read more

Other news

Increased investments secure future revenues
[09.05.2019] - Press release – First quarter 2019
Increased investments secure future revenues
Read more
Best result in five years, but inefficiency costs too much
[07.03.2019] - Press Release - Petoro 2018 results
Best result in five years, but inefficiency costs too much
Read more
Strong increase in SDFI income – Petoro’s result as of the 3rd quarter of 2018
[01.11.2018] - Press Release – Third quarter 2018
Strong increase in SDFI income – Petoro’s result as of the 3rd quarter of 2018
Read more
Great opportunities on the Norwegian continental shelf
[02.08.2018] - Press Release – Second quarter 2018
Great opportunities on the Norwegian continental shelf
Read more
Strongest start of the year since 2014
[09.05.2018] - Press release 1st quarter 2018
Strongest start of the year since 2014
Read more
Hard work yields new opportunities
[14.03.2018] - Press Release - Petoro 2017 results
Hard work yields new opportunities
Read more
Petoro Iceland relinquishes last licence on the Icelandic shelf
Petoro Iceland relinquishes last licence on the Icelandic shelf
Read more
New head of finance
(02 01 2018) - New head of finance
New head of finance
Read more
PDO submitted for Snorre expansion
(21 12 2017) PDO submitted for Snorre expansion
PDO submitted for Snorre expansion
Read more
PDO submitted for Johan Castberg
(05 12 2017) - PDO submitted for Johan Castberg
PDO submitted for Johan Castberg
Read more