COSL OFFSHORE MANAGEMENT AS

Operating

Rigs for the future,Rigs for the future

Drive bemanning og mannskapstjenester for borerigger, og andre aktiviteter tilklyttet dette. Personell som er ansatt i selskapet er kun offshorepersonell.

Keywords

drillingexplorationdelineationproduction wellsdirectionalre-drillingtrial drillingcementingdrill pipeoil boreholegas boreholepluggingclosurewell funnel operationscasing servicesdrill samplesgeological observationswell planningmwd (measurement while drilling)lwd (logging while drilling)ml (mud logging)

Organization

CEO: FN
Frank Njaa Tollefsen1962
Chairman of the board: FN
Frank Njaa Tollefsen1962
Years since formation: 18 years; since Mar 13, 2007
Type: Limited company
VAT registered: Yes
Number of employees: 684

Ownership

Number of shares and share classes: 100,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2024: 3,301,459,905; NOK
Annual total result 2024: 183,553,882; NOK
Total equity 2024: 2,076,947,472; NOK

Last update: Oct 15, 2025

Management

Management / administration

Name	Role	Shares
FN Frank Njaa Tollefsen 1962	Managing Director/CEO	-

Board

Name	Role	Shares
FN Frank Njaa Tollefsen 1962	Chairman	-
FJ Fenglei Jia 1983	Board Member	-
KS Kine Surdal Nilsen 1987	Board Member	-
LW Lingling Wu 1984	Board Member	-
JN Joar Nesse 1970	Board Member	-
ET Eline Tviberg Norstrand 1996	Board Member	-
OB Ole Bjarne Abusland Paulsen 1971	Board Member	-
RS Rune Sandvik 1972	Alternate Member	-
BS Borghill Steinsi Tjosaas 1973	Alternate Member	-
RT Ronny Tøvik 1979	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Last update: Sep 1, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
C COSL DRILLING EUROPE AS	Ordinary shares	100,000	100 %

Last update: Jun 2, 2025

Group structure

COSL NORWEGIAN AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -22,271
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	3,301,459,905	2,200,819,187	1,341,228,292	1,007,620,200
Annual Total Result	183,553,882	78,585,883	276,664,883	66,599,174
Total assets	3,652,523,052	2,206,435,119	2,009,838,617	1,666,833,499
Total liabilities	1,575,575,578	313,041,529	195,030,910	128,690,676
Total equity	2,076,947,472	1,893,393,589	1,814,807,706	1,538,142,823

P&L

Year	2024	2023	2022	2021
Total operating income	3,301,459,905	2,200,819,187	1,341,228,292	1,007,620,200
Total operating costs	3,339,921,485	2,243,283,961	1,244,772,924	969,166,971
Operating result	-38,461,580	-42,464,774	96,455,368	38,453,229
Financial income/costs	222,015,462	124,530,476	180,209,515	28,145,945
Profit before tax	183,553,882	82,065,702	276,664,883	66,599,174
Total tax & extraordinary income/cost	0	3,479,819	0	0
Annual Total Result	183,553,882	78,585,883	276,664,883	66,599,174

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	343,077,121	292,942,558	152,480,806	138,314,820
Total current assets	3,309,445,931	1,913,492,561	1,857,357,811	1,528,518,679
Total assets	3,652,523,052	2,206,435,119	2,009,838,617	1,666,833,499
Short term debt	1,461,490,365	267,305,779	195,030,910	128,690,676
Long term debt	114,085,213	45,735,750	0	0
Total liabilities	1,575,575,578	313,041,529	195,030,910	128,690,676
Contributed capital	100,000	100,000	100,000	100,000
Retained earnings	2,076,847,472	1,893,293,589	1,814,707,706	1,538,042,823
Total equity	2,076,947,472	1,893,393,589	1,814,807,706	1,538,142,823
Total equity and liabilities	3,652,523,050	2,206,435,118	2,009,838,616	1,666,833,499

Classification

21st company classification

BETA

Industrial large enterprise

COSL OFFSHORE MANAGEMENT AS991 006 494