Petoro AS - Company Profile
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Petoro AS (Petoro) is an oil and gas asset management company. Petoro manages the Norwegian state’s direct financial interests (SDFI) in Norwegian Continental Shelf (NCS) oil and gas assets to ensure maximum value and reach the highest possible income to the State from SDFI. The company has three major responsibilities assigned by the state government, namely, to manage the government’s holdings in the joint venture, to monitor Equinor’s marketing of the petroleum that is produced from the state’s direct financial interest in upstream assets, and to manage the government’s financial investments. The company is owned by the government of Norway. Petoro is headquartered in Stavanger, Norway.
Headquarters
Norway
Address
Ovre Strandgate 124, Stavanger, Faroe Islands, 4005
Website
www.petoro.no
Telephone
47 51 502000
No of Employees
70
Industry
Energy and Utilities
Revenue (2022)
$33.6M
Petoro AS premium industry data and analytics
Products and Services
| Services |
|---|
| Marketing |
| Monitoring |
| Management |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Regulatory Approval | In August, the company and its partners secured approval from the Norwegian Government for the Nkr13.2 billion Snohvit future project. |
| 2022 | Contracts/Agreements | In May, the company along with Equinor, Var Energi and Spirit Energy entered into a partnership to invest US$935.1 million for the development of the area neighboring to the Asgard Field in the Norwegian Sea. |
| 2019 | Contracts/Agreements | In June, the government approved the development of Gullfaks field. |
Competitor Comparison
| Key Parameters | Petoro AS | Aker Solutions ASA | PetroNor E&P ASA | Gassco AS | IKM Gruppen AS |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Stavanger | Lysaker | Oslo | Kopervik | Sola |
| State/Province | Faroe Islands | - | - | - | - |
| No. of Employees | 70 | 11,473 | - | - | 3,000 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gunn Waersted | Chairman | Executive Board | 2014 | - |
| Kristin Fejerskov Kragseth | Chief Executive Officer | Senior Management | - | - |
| Jonny Maeland | Chief Financial Officer | Senior Management | 2018 | - |
| Brian Bjordal | Vice Chairman | Executive Board | 2016 | - |
| Kjersti Bergsaker-Aspoy | Executive Vice President - Legal Affairs | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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