Report for the 1st quarter 2012

 

Figures in NOK

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 844 MILLION IN 1Q 2012

HIGHLIGHTS

  • Revenues were 1,606 million
  • EBITDA was 844 million
  • Operating profit (EBIT) was 506 million
  • Profit before tax was 395 million
  • Earnings per share werew 5.6
  • Lundin exercised optional well for Bredford Dolphin

 

 

About Us

Fred. Olsen Energy ASA (the Company) is listed on the Oslo Stock Exchange and provides exploration and production services to the offshore oil and gas industry building on 150 years experience in shipping and more than 35 years in offshore drilling. The Company focuses on rewarding long term customer relationships where innovative and integrated solutions are presented to the benefit of our customers, shareholders and employees.

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