Looking for a specific product?

Make a search for products & suppliers, articles & news.

SDFI values of 865 billion kroner

The value of the State’s Direct Financial Interest (SDFI) as of 1 January 2010 is estimated at 865 billion kroner. This is the result of a valuation of the SDFI portfolio carried out by Wood Mackenzie on behalf of the Ministry of Petroleum and Energy.

- The report illustrates the substantial values that the State’s direct ownership in the petroleum sector represents. The annual cash flow from the SDFI portfolio constitutes a major contribution to the Government Pension Fund – Global, says the Minister of Petroleum and Energy, Terje Riis-Johansen.

The analysis shows an increase in value of approximately NOK 150 billion compared to the previous valuation of the portfolio in 2008. This increase is mainly explained by higher estimates of future oil and gas prices. Over the same period there has been a significant increase in costs on the Norwegian Continental Shelf. This development illustrates the importance of continuing our commitment to reducing costs and to accommodate for the future value creation from the petroleum sector.

- The analysis also shows the long-term perspective of the SDFI portfolio despite the presumption of declining production in the years to come. In this perspective it is crucial to achieve the highest possible recovery of resources from each field. It is of great importance that the portfolio continues to be managed in an active and sound manner, says Minister Terje Riis-Johansen.

The valuation of the assets has been undertaken with the price scenarios used in the 2008 Revised National Budget submission and in the 2010 Revised National Budget submission.

The valuation of the SDFI-portfolio is part of the Ministry of Petroleum and Energy’s follow-up of the SDFI and Petoro AS. Petoro manages the SDFI on behalf of the government.

Related news

Latest news

DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

DNV GL launches new JDP to test biodegradable lubricants

The test programme will investigate such aspects as hydrodynamic oil film formation,

ROV contracts in Brazil

The new contracts and contract extensions give 1 630 days of ROV services...

Steinsvik Secures a Contract for its First Concrete Barge

Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

Searching for the best biological solutions

AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.

Elisabeth Maråk Støle appointed managing director of Forskningsselskapet SørVest AS

Elisabeth Maråk Støle will take up her position on 1 April 2018 at the latest.

TIME SCALE

We are building chambers for tomatoes to grow in space. The aim is to give food to astronauts going to Mars.

From university to heavy industry: A slow transition

It is nearly winter holiday,

Doria awarded as “best large patrol boat 2017”

Doria is equipped with Servogear Ecoflow Propulsor.