Thursday, 16 February 2017, 6 p.m., Edinburgh
Perspectives on the Norwegian Continental Shelf
Grethe Kristin Moen, President and CEO, Petoro
Sponsorship is provided by Scottish Oil Club (Students).
This event occurred on: Thursday, 16 February 2017, 6 p.m.
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The Norwegian state has substantial holdings in production licences on the Norwegian continental shelf (NCS) through the State’s Direct Financial Interest (SDFI). These assets are managed by Petoro AS. The company’s most important job is to help ensure the highest possible value creation from the SDFI as partner to the benefit of the whole of Norway.
Improvement efforts over the last two years that have drastically improved cash flow in existing fields and profitability in new investments. Further improvement is required and opportunities are identified. The presentation will share Petoros reflections on the results achieved and the potential for further improvement.
Moen began her career with Statoil in 1982, and has subsequently been involved in a number of disciplines and held various senior management posts in the fields of gas sales and marketing, production, downstream, and the technology and projects unit in Statoil. She joined Shell in August 2007 as vice president corporate support for Shell upstream Europe. From September 2009, she was head of exploration and production in Norway as well as vice president HSE and sustainable development at the European level. Moen joined Petoro in April 2011 as vice president for mature fields and became president and CEO in June 2013. Grethe Kristin Moen graduated with an MSc in chemical engineering from the Norwegian University of Science and Technology (NTNU) in Trondheim.