Share on Facebook Share on Twitter Email
Answers.com

Fred. Olsen Energy

 
Wikipedia: Fred. Olsen Energy
Fred. Olsen Energy ASA
Type Public
Founded 1997
Headquarters Oslo, Norway
Key people Anette Olsen (Chairman of the board), Helge Haakonsen (CEO)
Industry Oil and gas
Products Drilling rigs, marine engineering
Revenue NOK 5,787 million (2008)[1]
Operating income NOK 2,609 million (2008)[1]
Profit NOK 2,097 million (2008)[1]
Employees 1,100 (2007)[2]
Website www.fredolsen-energy.no

Fred. Olsen Energy (OSE: FOE) 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. ^ a b c "Annual Results 2008". Fred. Olsen Energy. http://www.fredolsen-energy.no/arch/_img/9078697.pdf. Retrieved on 2009-03-22. 
  2. ^ "Annual Report 2007". Fred. Olsen Energy. http://www.fredolsen-energy.no/arch/_img/9074805.pdf. Retrieved on 2008-05-21. 

External links



Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
 
 

 

Copyrights:

Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Fred. Olsen Energy" Read more