European Common Market

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The decurrent rights of the concessions in being able of the Statoil had been converted into financial rights, being the Statoil with 20%, and the SDFI with 80%.Com the modifications, the minimum participation of 50% of the government leaves of being of the Statoil, and passes to the SDFI, through participation in the capital of the companies concessionaires (SPCs or joint ventures). The Statoil starts to be to player as any another one, being able to qualify itself in the competitions for new concessions, even so continues to manage the SDFI until 2001.Em 2001, the government decides to vender part of the assets of the SDFI, being had the bought Statoil most. In the same year, the government opens the capital of the Statoil, keeping, however, a firm majoritria participation, of more than two tero of the capital. Passing the Statoil to be a mixing company, the parliament considered that it would have conflict of interests in the continuity of its management of the SDFI. She is servant, then, the Petoro, state company 100%, to substitute the Statoil in this function.

The Norwegian state always kept to be able to determine the areas to be open to the exploration, the conditions where they will be offered, and the participation of the Petoro, that can go of simple not the participation to the exclusiveness. The government selects the company or winning trust, who will have, necessarily, that to associate with the Petoro in the established conditions in case that the case, on the basis of arbitrary criteria, based in the experience technique and financial reach of the bidders, and in the presented project of exploration. The Petoro participates of the enterprises in the same conditions of partners, banking its parcel in the costs. Up to 1994, when the Norway entered for the European Common Market, the government kept rules of local minimum equipment participation and services.