Petoro - a driving force on the Norwegian continental shelf

SDFI and Petoro annual report 2017
The board in Petoro. Photo: Anne Lise Norheim

The board in Petoro AS

Standing from left: Trude J. H. Fjeldstad, Heidi I. Nes, Hugo Sandal, Per A. Schøyen nd Ove Skretting. Sitting: Gunn Wærsted nd Brian Bjordal. (Photo: Anne Lise Norheim)
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Gunn Wærsted

Year of election:
Other directorships: Chair Telenor; director Nationwide, director Lukris Invest
Education: MBA, BI Norwegian Business School.
Career: Executive vice president in DnB responsible for capital management and life insurance; CEO, Vital Forsikring ASA and member of corporate executive management, 1999-2002; CEO, SpareBank 1 Gruppen AS, and head, SpareBank 1 Alliance, 2002-2007. Global head of wealth management, president of Nordea Bank Norge and member of the corporate executive management of Nordea, 2007-2016.

Brian Bjordal

Deputy chair
Year of election:
Occupation: Self-employed
Other directorships: Deputy chair Helse Fonna, director FKH Stadion A/S
Education: Civil engineer, BSc, Heriot Watt University, Edinburgh
Career: 1977-1979: Stoltz Røthing (construction); 1979-1984: Taugbøl & Øverland; 1984-2001: Statoil ASA, Senior Engineer pipelines & structures; head of Pipeline & Platform Inspection, asset owner representative Europipe development, head of early-phase studies Europipe II, Åsgard Transport, Ekofisk by-pass, Franpipe, director of Process plant Kårstø, director Troll / Sleipner area (Development and Production Norway); 2001-2015: Gassco AS, President and CEO.


Year of election:
Occupation: Consultant
Education: Law degree, various management programmes
Career: Partner, Kluge, 2005-2014. With Esso/ExxonMobil 1977-2004, head of corporate affairs from 1989, other positions in Norway and abroad. Also judge and assistant police attorney as well as scientific assistant, University of Oslo.


Year of election:
Occupation: Self-employed.
Education: Civil engineer from NTH (now NTNU) and Degree of Engineer from Stanford University.
Career: Various positions in Saga Petroleum during the period 1976 -1987. Consultant in Railo International from 1987-1989. Chief executive in Sabico AS 1989-1991, primary activities aquaculture and biotechnology. Worked for Deminex, later DEA from 1991, chief executive since 1996 until reaching retirement age in 2016. Director Saga Petroleum 1983-1985. Chair OLF, (now NOROG), 1999-2003. Member of NHO’s executive committee 2000-2004.

Trude J H Fjeldstad

Year of election:
Occupation: VP Internal Finance in Statkraft AS
Education: Economics degree, University of Oslo, financial analyst and MBA in corporate finance, Norwegian School of Economics.
Career: Previously chief executive in Statkraft Treasury Centre SA; secretary to the board, Statkraft; senior gas manager, Statkraft; chief executive, Plaine de l’Ain Power SAS and portfolio manager for gas in Norsk Hydro ASA 

Heidi Iren Nes

Director (elected by the employees)
Year of election:
Occupation: Senior consultant, Marketing and sales, Petoro AS
Education: MSc in business economics, Norwegian School of Economics, Bergen.
Career: Controller in the Finance Department in Petoro AS and Subsea 7 Norway

Ove Skretting

Director (elected by the employees)
Year of election:
Occupation: Special adviser, Licenses, Petoro AS
Education: Economics degree.
Career: Experience as special adviser in Petoro within Marketing and sales, adviser in ExxonMobil within gas marketing, CEO of Terotech A/S, procurement manager in Norwegian Contractors, Transocean and Mobil Exploration Norway.