Petoro

Petoro is a Norwegian government-owned company that manages and oversees the country’s investments in oil and gas fields on the Norwegian continental shelf. Its main role is to ensure that Norway’s valuable natural resources are developed efficiently and sustainably, maximizing economic benefits for the nation. Petoro does not operate the fields directly; instead, it acts as a supervisor and owner, working with oil companies to oversee production, make strategic decisions, and ensure environmental and safety standards are maintained. This structure helps Norway benefit financially from its resources while safeguarding long-term interests and sustainability.