ISLAND OFFSHORE X KS

Operating

Selskapets formål er å drive rederivirksomhet med skip relatert til offshore olje og gassvirksomhet, herunder inngå kontrakter for nybygg og ombygging av skip, finansiering, drift, utleie, kjøp og salg av skip og relatert utstyre og annen virksomhet som naturlig hører sammen med slik virksomhet.

Drive rederivirksomhet med skip relatert til offshore olje og gassvirksomhet, herunder inngå kontrakter for nybygg og ombygging av skip, finansiering, drift, utleie, kjøp og salg av skip og relatert utstyr.

Keywords

transporttugtugsshipsbargesfloating installations

Organization

Chairman of the board: MU
Morten Ulstein1953
Years since formation: 21 years; since Sep 22, 2004
Type: Limited partnership
VAT registered: Yes
Number of employees: 0

Financials

Annual total result 2024: 1,290,655; NOK
Total equity 2024: -326,881,718; NOK

Last update: Sep 9, 2025

Management

Board

Name	Role	Shares
MM Mai-Britt Myklebust 1969	Contact Person	-
I ISLAND OFFSHORE X AS	General Partner	-
MU Morten Ulstein 1953	Chairman	-
GJ Gary J Chouest 1944	Board Member	-
DD Dino David Chouest 1969	Board Member	-
HU Håvard Ulstein 1959	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
H HASUND AS	Accountant	-

Last update: Nov 7, 2023

Ownership

No available data

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	6,090,354	80,250,527	70,652,744
Annual Total Result	1,290,655	114,013,942	-12,367,509	-43,263,966
Total assets	15,762,325	17,470,705	99,340,123	331,463,214
Total liabilities	342,644,043	345,643,078	586,044,428	850,948,882
Total equity	-326,881,718	-328,172,373	-486,704,305	-519,485,668

P&L

Year	2024	2023	2022	2021
Total operating income	0	6,090,354	80,250,527	70,652,744
Total operating costs	350,817	-119,843,551	69,033,113	85,151,576
Operating result	-350,817	125,933,904	11,217,414	-14,498,832
Financial income/costs	1,641,472	-11,919,962	-23,584,922	-28,765,134
Profit before tax	1,290,655	114,013,942	-12,367,509	-43,263,966
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	1,290,655	114,013,942	-12,367,509	-43,263,966

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	0	0	48,929,019	291,446,203
Total current assets	15,762,325	17,470,705	50,411,104	40,017,011
Total assets	15,762,325	17,470,705	99,340,123	331,463,214
Short term debt	12,914,004	15,913,039	72,191,721	702,956,198
Long term debt	0	0	513,852,707	0
Total liabilities	342,644,043	345,643,078	586,044,428	850,948,882
Contributed capital	860,782,703	860,782,703	860,782,703	860,782,703
Retained earnings	-1,187,664,421	-1,188,955,076	-1,347,487,008	-1,380,268,371
Total equity	-326,881,718	-328,172,373	-486,704,305	-519,485,668
Total equity and liabilities	15,762,325	17,470,705	99,340,123	331,463,214

Classification

21st company classification

BETA

Industrial large enterprise

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