Careers
What do we work with?
Petoro has approximately 80 permanent employees. Our organisation is made up of dedicated and highly competent professionals who enjoy working in teams. Together, we represent a unique and broad range of experience – not only from companies operating on the Norwegian continental shelf, but also from banking, finance, and other sectors.
Petoro participates broadly as a licensee in fields, licenses, and gas infrastructure on the Norwegian continental shelf. In addition, we monitor Equinor’s marketing of the State’s oil and gas. We operate within a transparent organisation with a wide range of important, interesting, and interdisciplinary tasks.
Creating value is both exciting and challenging. Close cooperation internally and with other companies, authorities, and external centers of expertise is essential for Petoro to achieve its objectives.
Managing the SDFI
Petoro manages the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf, which represents approximately one third of the country’s oil and gas reserves. The objective of the company is to create the greatest possible value for the State from the SDFI interests, while ensuring efficient operations and a holistic development of the gas infrastructure.
The Government Pension Fund
Since its establishment in 2001, the company has transferred an average of approximately NOK 140 billion annually to the Government Pension Fund Global (the Oil Fund). Cash flow from the SDFI portfolio is one of the State’s most important sources of revenue, with around NOK 3,500 billion transferred since 2001.
