State participation in the petroleum sector

Statlig eng tema

The Ministry of Petroleum and Energy is responsible for the State’s direct financial interest (SDFI) and for the State’s shareholding in StatoilHydro ASA, Petoro AS and Gassco AS.

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Ownership policy

The government regards it as very important for the state to play a role as a substantial, long-term and stable owner in order to retain a Norwegian base for Statoil ASA.

The State’s direct financial interest (SDFI)

The Norwegian State holds direct ownership interests in oil and gas assets on the Norwegian Continental Shelf (NCS). This is called the State’s Direct Financial Interest (SDFI). The SDFI arrangement was established in 1985. The arrangement implies that the Norwegian State participates in the Norwegian petroleum sector directly as an investor. The SDFI has a direct financial interest in 179 production licences and in 15 joint ventures for pipelines and onshore facilities.

Petoro logo 100x75

Petoro AS

The State-owned limited company Petoro AS manages the State’s direct financial interest (SDFI) on behalf of the State. Petoro is the licensee for, not the owner of, the SDFI shares on the Norwegian Continental Shelf.

Statoil ASA

Statoil is an international energy company with operations in more than 30 countries. The company operates a clear majority of Norwegian oil and gas production, and its international production is increasing. Statoil is one of the world’s largest sellers of crude oil and a significant vendor of natural gas to the European market.

Contact information

Department for Economic and Administrative Affairs (ØA)

Telephone: +47 22 24 61 11
Fax: +47 22 24 65 53

Address

Einar Gerhardsens plass 1
Postbox 8148 Dep, 0033 Oslo, Norway

Ministry of Petroleum and Energy

Contact information

Department for Economic and Administrative Affairs (ØA)

Telephone: +47 22 24 61 11
Fax: +47 22 24 65 53

Address

Einar Gerhardsens plass 1
Postbox 8148 Dep, 0033 Oslo, Norway