CONCEDO AS
Operating
Concedo ASA is an oil company focusing on exploration activities primarily on the Norwegian Continental Shelf
Leting etter og utvinning av olje og gass på norsk kontinentalsokkel.
Keywords
extractioncrude oilbituminousoilyshaletar sandsproductiondecantationdesalinationdrying stabilization
Links
Organization
- CEO
- GL
Geir Lunde1954
- Chairman of the board
- TS
Torstein Sanness1947
- Years since formation
- 21 years
- since Jun 2, 2005
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 22
Ownership
- Number of shares and share classes
- 28,607,909
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2025
- 416,240,000
- NOK
- Annual total result 2025
- -148,792,000
- NOK
- Total equity 2025
- 28,213,000
- NOK
Last update: Jul 15, 2026
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
GL 1954 | Managing Director/CEO | 1.78 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
TS 1947 | Chairman | - |
JU | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
AL | - | 23.06 % indirectly |
GL 1954 | Managing Director/CEO | 1.78 % indirectly |
MH 1962 | - | 1.15 % indirectly |
Last update: Jun 11, 2026
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| NO0010342702 | 28,607,909 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2025: NOK 0Operating profit 2025: NOK -703,000Employees: 0
Financials
in NOK
Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 416,240,000 | 5,464,000 | 0 | 0 | 63,652,526 |
Annual Total Result | -148,792,000 | -40,933,000 | -88,439,097 | -18,582,622 | 14,041,745 |
Total assets | 1,226,255,000 | 915,485,000 | 564,097,527 | 313,342,319 | 465,308,266 |
Total liabilities | 1,198,042,000 | 738,479,000 | 346,133,297 | 195,868,096 | 359,270,147 |
Total equity | 28,213,000 | 177,005,000 | 217,964,230 | 117,474,222 | 106,038,119 |
P&L
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 416,240,000 | 5,464,000 | 0 | 0 | 63,652,526 |
Total operating costs | 543,822,000 | 155,164,000 | 389,792,404 | 58,344,332 | 197,713,935 |
Operating result | -127,582,000 | -149,700,000 | -389,792,404 | -58,344,332 | -134,061,409 |
Financial income/costs | -46,425,000 | -10,279,000 | -2,993,574 | -7,425,762 | -7,938,155 |
Profit before tax | -174,007,000 | -159,979,000 | -392,785,978 | -65,770,094 | -141,999,564 |
Total tax & extraordinary income/cost | -25,215,000 | -119,046,000 | -304,346,881 | -47,187,472 | -156,041,309 |
Annual Total Result | -148,792,000 | -40,933,000 | -88,439,097 | -18,582,622 | 14,041,745 |
Balance overview
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total fixed assets | 792,978,000 | 552,922,000 | 113,471,824 | 193,023,501 | 195,828,188 |
Total current assets | 433,277,000 | 362,563,000 | 450,625,703 | 120,318,818 | 269,480,078 |
Total assets | 1,226,255,000 | 915,485,000 | 564,097,527 | 313,342,319 | 465,308,266 |
Short term debt | 672,375,000 | 116,391,000 | 283,031,412 | 50,899,465 | 233,863,016 |
Long term debt | 525,667,000 | 622,088,000 | 63,101,885 | 144,968,631 | 125,407,131 |
Total liabilities | 1,198,042,000 | 738,479,000 | 346,133,297 | 195,868,096 | 359,270,147 |
Contributed capital | 230,974,000 | 230,974,000 | 230,974,312 | 42,045,207 | 12,026,483 |
Retained earnings | -202,761,000 | -53,969,000 | -13,010,082 | 75,429,015 | 94,011,636 |
Total equity | 28,213,000 | 177,005,000 | 217,964,230 | 117,474,222 | 106,038,119 |
Total equity and liabilities | 1,226,255,000 | 915,484,000 | 564,097,527 | 313,342,318 | 465,308,266 |
Classification
21st company classification
BETA
Small company
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
B
Main industrial area
Mining and quarrying
06
Activity
Extraction of crude petroleum and natural gas
06.1
Main industrial group
Extraction of crude petroleum
06.10
Industrial group
Extraction of crude petroleum
06.100
Industrial group
Extraction of crude petroleum