Report for the 4th quarter 2017 and preliminary results for 2017

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 10 MILLION FOR THE 4TH QUARTER 2017 AND EBITDA OF 105 MILLION FOR THE YEAR 2017

HIGHLIGHTS FOR THE QUARTER:

  • Revenues were 50 million
  • EBITDA were 10 million
  • Operating profit (EBIT) was -45 million
  • Profit before tax was -56 million
  • Earnings per share were -0.94

Post quarter event

  • New contract for Blackford 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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