Report for the 1st quarter 2017

All figures in USD


  •  Revenues were 98 million
  •  EBITDA was 41 million
  •  Operating profit (EBIT) was - 14 million
  •  Profit before tax was - 21 million
  •  Earnings per share were - 0.40
  •  New 50 days drilling contract for Bideford Dolphin
  •  Borgholm Dolphin to be decommissioned

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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