[14.03.2018] - Press Release - Petoro 2017 results Hard work yields new opportunities Read more
(WorldNews Norway)

Petoro is delivering NOK 87 billion to the state in 2017, NOK 21 billion more than in 2016. `We are experiencing an economic upturn, so now we have to ensure that operations stay efficient and lay the foundation for future production by discovering more oil and gas,` says Grethe Moen, President and CEO of Petoro. The increased income is primarily due to a higher oil price, record-high gas production and efficiency. European demand for gas continues to rise. Part of this growth is due to higher coal prices and the phasing out of coal power plants. Norway is the world`s third...