 When Statoil was partially privatised in 2001 this solution was no longer desirable and a new state-owned management company Petoro was created to manage SDFI.The Norwegian government also reduced the size of SDFI by 20%, with 15% of the portfolio going to Statoil and 5% to Norsk Hydro.Petoro is registered as owner for the states portions with permissions 93 licences.