Petoro AS
Investment Details
Investor Type
Sovereign Wealth Fund
Asset Class Focus
Fixed Income (Debt and Bonds), Infrastructure, Private Equity, Real Estate
Stage Focus
Growth, Late Stage, Buyout, Turnaround, Distressed
Geographical Focus
Norway
Industries Focus
- Energy
- Real Estate
- Infrastructure
- Private Equity
- Crypto
- Venture Capital
- Oil and Gas
- Hedge Funds
- Commodities
- ESG and Impact Investing
- Fixed Income (Debt and Bonds)
- Distressed and Special Situations
- Fixed Income
- Collectibles & Art
Investment Size:
100,000,000 to 1,000,000,000 USD
Investor Details Founded: 2001
Petoro AS is a Norwegian state-owned company established in 2001 to manage the Norwegian state's direct financial interests in the petroleum sector, known as the State's Direct Financial Interest (SDFI). The company holds approximately one-third of Norway's oil and gas reserves, with interests in 44 producing fields on the Norwegian continental shelf. Petoro's primary objective is to maximize value and income for the state from the SDFI portfolio, ensuring that the entire cash flow is transferred to the Government Pension Fund Global (the Petroleum Fund).
The company's responsibilities include overseeing the state's holdings, monitoring the allocation of petroleum resources, and managing financial operations related to the SDFI. Petoro operates with a lean and efficient organization, employing around 60 professionals with extensive experience in the petroleum industry. The company is headquartered in Stavanger, Norway, and is fully owned by the Government of Norway, operating under Norwegian law. Petoro is not an operator of any fields and does not directly own the licenses; instead, it acts as a licensee on behalf of the state, with Equinor ASA responsible for marketing and selling the state's oil and gas in accordance with the allocation instructions set by the company's general assembly.
Requirements
- Alignment with the Norwegian state's financial interests
- Compliance with Norwegian laws and regulations
- Focus on maximizing value and income for the state from the SDFI portfolio
- Transfer of entire cash flow to the Government Pension Fund Global (the Petroleum Fund)
Contact
[Official Website Hidden]
[HQ Location Hidden]
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