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Norway state oil licences valued at $150 billion, survey shows

August 19, 20266:00 AM Reuters0 Comments

The Norwegian government’s direct ownership stakes in offshore oil and gas licences and infrastructure are valued at a total of 1.41 trillion Norwegian crowns ($150 billion), according to a survey published by the industry ministry on Wednesday.

* The state holds stakes in dozens of fields operated by oil companies such as Equinor and ConocoPhillips, giving the government revenue beyond the taxes paid by the oil companies.

* In 2025, the government’s net cash flow from the so-called SDFI portfolio stood at 243 billion crowns, the government said.

* The valuation of the SDFI stakes was conducted by state oil holding company Petoro and presented by the industry ministry.

(Reporting by Terje Solsvik, editing by Louise Rasmussen)

ConocoPhillips Equinor

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