Petoro Employee Directory
Oil and GasRogaland, Norway51-200 Employees
Petoro administers the Norwegian state's direct financial interests (SDØE) in oil and gas fields, pipelines, and onshore facilities linked to the Norwegian continental shelf, operating on a commercial basis. The company performs three main tasks mandated by the Norwegian Ministry of Oil and Energy: maintaining the state's direct participation shares, monitoring Equinor's disposition of the petroleum produced from those shares, and managing the financial affairs, including accounting, for the state's direct participations. The overarching objective is to maximize value and income for the state from SDØE, with the cash flow from these interests wholly transferred to the Government Pension Fund Global (Oljefondet). Petoro is headquartered in Stavanger, Rogaland, at 124 Øvre Strandgate, and operates in the oil and gas industry with between 51 and 200 employees. The company states a vision to be a driving force on the Norwegian shelf.