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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, 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)
[edit] 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.
[edit] References
- ^ a b c "Annual Results 2008". Fred. Olsen Energy. http://www.fredolsen-energy.no/arch/_img/9078697.pdf. Retrieved on 2009-03-22.
- ^ "Annual Report 2007". Fred. Olsen Energy. http://www.fredolsen-energy.no/arch/_img/9074805.pdf. Retrieved on 2008-05-21.
[edit] External links
