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Fred. Olsen Energy - Wikipedia, the free encyclopedia

Fred. Olsen Energy

From Wikipedia, the free encyclopedia

Fred. Olsen Energy ASA
Type Public
Founded
Headquarters Oslo, Norway
Key people Helge Haakonsen (CEO)
Industry Petroleum
Products Drilling rigs
Revenue NOK 2,882 million (2005)
Operating income NOK 920 million (2005)
Net income NOK -15.7 million (2005)
Website www.fredolsen-energy.no

Fred. Olsen Energy (OSE: FOE) is a Norwegian offshore drilling rig company. The company has it's headquarters in Oslo, Norway and is listed on Oslo Stock Exchange. The company's largest owners are Bonheur and Ganger Rolf, each owning 29,51% of the company. The two companies are controlled by the Olsen family.

The company operates ten rigs, including ones operated by the wholly owned subsidiary Dolphin. The company has operation offices in Stavanger, Norway; Aberdeen, United Kingdom, Carmen, Mexico and Singapore. The engineering offices are located in Belfast, United Kingdom.

[edit] History

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


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