Petoro

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Petoro AS
Type State owned
Industry Petroleum
Founded 2001
Headquarters Stavanger, Norway
Area served Norway
Key people Grethe Moen[1] (CEO)
Gunnar Berge (Chairman)
Revenue NOK 214,585 billion (2008)
Operating income NOK 157,843 billion (2008)
Net income NOK 155,420 billion (2008)
Employees 60+
Parent Government of Norway
Website http://www.petoro.no/

Petoro, a company wholly owned by the state of Norway, manages Norway's portfolio of exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. This portfolio is collectively called State's Direct Financial Interest (SDFI). The company also has a control function surveying Statoil's production on behalf of the government. Petoro is not an operator of any fields and does not directly own the licenses.

Petoro was established in 2001 to manage SDFI, which was previously managed by Statoil. As of 1 January 2006 the value of the portfolio was NOK 875 billion. In 2005, the company produced 1.2 million barrels (190,000 m3) of oil equivalents per day and had an operating income of NOK 113 billion. In 2008, the average number of barrels of oil equivalents produced was 1.199 million.[2]

References[edit]

  1. ^ Karen Thue (28 May, 2013): Grethe Moen til topps i Petoro (Norwegian), retrieved 12 June, 2013
  2. ^ dead link

External links[edit]