Fred. Olsen Energy

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  2. Companies listed on the Oslo Stock Exchange
  3. Companies of Norway
  4. Drilling rig operators
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  6. Companies established in 1997
  7. Petroleum industry of Norway
  8. Fred. Olsen
  9. Norwegian company stubs


Fred. Olsen Energy ASA
Type Allmennaksjeselskap
Traded as OSE: FOE
Industry Oil and gas
Founded 1997
Headquarters Oslo, Norway
Key people Anette Olsen (Chairman), Ivar Brandvold (CEO)
Products Drilling rigs, marine engineering
Revenue NOK 6.019 billion (2010)[1]
Operating income NOK 2.179 billion (2010)[1]
Profit NOK 1.938 billion (2010)[1]
Total assets NOK 13.52 billion (end 2010)[1]
Total equity NOK 6.939 billion (end 2010)[1]
Employees 1,245 (average, 2010)[1]
Website www.fredolsen-energy.no

Fred. Olsen Energy is a Norwegian offshore drilling rig company, offering services for the offshore industry within development and production of oil and gas. The company operates in two segments; Offshore Drilling and Engineering & Fabrication, the latter of which includes the Northern Irish shipyard Harland and Wolff.

Fred. Olsen Energy has its headquarters in Oslo, and offices in Stavanger, UK, Brazil, Mexico, Hungary, India, USA and Singapore. The Company was established in 1997 and is listed on the Oslo stock exchange with the ticker FOE. The main shareholders are the companies Bonheur and Ganger Rolf ASA, which is controlled by the Olsen family. The Chairman of the board is Anette Olsen.

Fleet owned and operated:

  • 1 ultradeepwater drillship – 10 000 ft water depth
  • 1 deepwater drilling rig - 7 000 ft water depth
  • 6 Mid water semi submersible drillingrig
  • 1 UK certified semi submersible accommodation rig

Enterprise value: 12.6 bn Norwegian kroner (USD 1.9 bn)

History

In 1997 the company was listed on Oslo Stock Exchange. The next year its remotely operated vehicle (ROV) division was sold to Stolt Comex Seaways (now Acergy). Since then the company has bought a number of drilling rigs.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Annual Report 2010". Fred. Olsen Energy. http://www.fredolsen-energy.no/arch/_img/9086713.pdf. Retrieved 5 May 2011.

External links

Holding companies:
Companies:
First Olsen Tankers  • Fred. Olsen Cruise Lines  • Fred. Olsen Energy  • Fred. Olsen Express  • Fred. Olsen Production  • Fred. Olsen Renewables  • Fred. Olsen Travel  • IT Fornebu (minority ownership)  • Norges Handels og Sjøfartstidende (minority ownership)  • Timex Group
Former companies:
People:
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