Petoro

Norwegian state-owned company

Petoro AS

Company type| State owned
Industry| Petroleum
Founded| 2001
Headquarters| Stavanger, Norway

Area served

| Norway

Key people

| Grethe Moen[1] (CEO)
Gunn Wærsted[2] (Chair)
Revenue| NOK 214,585 billion (2008)

Operating income

| NOK 157,843 billion (2008)

Net income

| NOK 155,420 billion (2008)

Number of employees

| 60+
Parent| Government of Norway
Website| http://www.petoro.no/

Petoro is a company that is wholly owned by the Government of Norway. Established in 2001, it manages the Government's portfolio--collectively called State's Direct Financial Interest (SDFI)--of exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. The company also has a control function surveying Equinor's production on behalf of the Government. Petoro is not an operator of any fields and does not directly own the licenses.

In 2021, Petoro was ranked no. 33 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).[3]

## References

[edit]

1. ^ Karen Thue (28 May 2013): Grethe Moen til topps i Petoro (in Norwegian), retrieved 12 June 2013
2. ^ Petoro: https://www.petoro.no/about-petoro/organisation/gunn-w-rsted (in Norwegian), retrieved 16 February 2022
3. ^ Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., Juraev, J., Podgaiskii, E., Stammler, F., Tsani, S., Vakulchuk, R. and Wilson, E.C. 2021. The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes. Business Strategy and the Environment. 30, 1623–1643. https://onlinelibrary.wiley.com/doi/10.1002/bse.2698

## External links

[edit]

* Norway portal
* Energy portal

* Petoro.no: official Petoro website

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Companies wholly owned by the Government of Norway

* Airport Express Train
* Argentum
* BaneService
* Electronic Chart Centre
* Gassco
* Kings Bay
* Mesta
* Norwegian Broadcasting Corporation
* Norwegian Space Agency
* Norsk Tipping
* Norway Post
* Petoro
* Secora
* SIVA
* Statkraft
* Statnett
* Store Norske
* Uninett
* Vinmonopolet
* Vy

List of Norwegian government enterprises

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