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He will lead the state’s own oil company.
Kristin Kragseth.
Kristian Jacobsen / Stavanger Aftenblad
Kragseth has led the Vår Energi oil company since its inception in the summer of 2018, when Eni Norge and Point Resources merged. Kragseth replaces Grethe Moen, who left this fall.
– The leadership job at Petoro is an opportunity you only get once in a lifetime. I hope to start at a company that is so important to Norway, says Kristin Kragseth in a press release.
Petoro was established when Equinor (Statoil) went public in 2001. The company manages the state’s directly owned interests in the oil and gas business, which accounts for approximately one-third of total reserves on the platform. Norway.
96 billion last year
The company is a partner in 35 fields, but never an operator. With a production of approximately 1 million barrels per day, Petoro is the second largest producer on the Norwegian shelf after Equinor. Our Energy is number three on the list.
Last year, Petoro transferred NOK 96 billion to the Petroleum Fund last year, down from NOK 120 billion the previous year.
– We are very happy that Kristin Kragseth has accepted the position as the new CEO of Petoro. You have the right prerequisites and qualifications to further develop Petoro at a very exciting, but also challenging time, both for the company and the industry, Petoro Chairman Gunn Wærsted says in a press release.
– Kragseth has extensive and extensive experience in managing the oil and gas industry and has been instrumental in developing Vår Energi to become the largest independent operator on the Norwegian platform.
