Petoro

Petoro AS manages the Norwegian state's direct economic interest (SDØE) in petroleum activities on the Norwegian continental shelf. The company holds licence interests of about 30% of Norway's oil and gas reserves, with stakes in 48 producing fields, and also oversees Equinor's sale of the state's oil and gas.

The customer is the Norwegian state, which owns the SDØE interests. Petoro's stated objective is to create the greatest possible value for the state from the SDØE stakes on a commercial basis, while ensuring efficient operation and overall development of the gas infrastructure. Its main tasks are safeguarding the state's shares, monitoring the sale of state petroleum and economic management.

The company was founded in 2001 and is headquartered in Stavanger. It has a small, flat organisation of about 80 permanent employees. The Ministry of Trade, Industry and Fisheries commissioned a valuation that put the SDØE portfolio at NOK 1,409 billion as of 1 January 2026. Since 2001 the company has transferred on average about NOK 140 billion per year to the Government Pension Fund Global.

Product: Management of the Norwegian state's direct economic interests (SDØE) in petroleum licences and gas infrastructure on the Norwegian continental shelf.