Report for the 3rd quarter 2016

HIGHLIGHTS 

Figures in USD

  • Revenues were 214 million
  • EBITDA was 119 million
  • Impairment of 61 million
  • Operating profit (EBIT) was negative 12 million
  • Profit before tax was negative 30 million
  • Earnings per share were negative 0.51
  • Agreed final settlement of USD 176.4 million with Hyundai Heavey Industries regarding the cancellation of Bollsta 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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