PETORO AS
Business Summary
Petoro is a state-owned limited company which manages the SDFI in the Norwegian oil and gas sector. These holdings comprise a third of Norways oil and gas reserves and associated facilities. Petoros formal role as the licensee acting on behalf of the state is described in this two-minute film. Petoros purpose is to be responsible for and manage the commercial aspects related to the SDFI on behalf of the state and at the states expense and risk. Its objective is to create the highest possible financial value from the states oil and gas portfolio on the basis of sound business principles. Petoro was founded following a vote in the Storting (parliament) on 26 April 2001. Read more (in Norwegian only) about preparations to establish a new management system for the SDFI in Proposition no 36 (2000-2001) to the Storting. Source: Crunchbase
Country of Incorporation
Norway
Incorporation Date
2001-05-16
Business Sector
Energy - Fossil Fuels
Company Address
Ovre Strandgate 124
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