ISLAND OFFSHORE MANAGEMENT AS
Keywords
crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting
Organization
- CEO
- TW
Tommy Walaunet1973
- Chairman of the board
- MU
Morten Ulstein1953
- Years since formation
- 23 years
- since Mar 13, 2002
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 411
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 659,921,664
- NOK
- Annual total result 2024
- 13,976,938
- NOK
- Total equity 2024
- 44,621,746
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TW 1973 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MU 1953 | Chairman | 10 % indirectly |
GJ 1944 | Board Member | - |
DD | Alternate Member | - |
HU 1959 | Alternate Member | 10 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
MU 1953 | Chairman | 10 % indirectly |
HU 1959 | Alternate Member | 10 % indirectly |
SI | - | 10 % indirectly |
| - | 10 % indirectly | |
HU 1956 | - | 10 % indirectly |
Last update: Jan 13, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500 | 50 % | |
| Ordinary shares | 500 | 50 % |
Shares owned by the ISLAND OFFSHORE MANAGEMENT AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 1,000 | 100 % | |
| Ordinary shares | 3 | 4.84 % | |
| Ordinary shares | 100 | 1.04 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 659,921,664Operating profit 2024: NOK -10,744,709Employees: 411
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 659,921,664 | 649,484,332 | 666,801,033 | 593,688,602 |
Annual Total Result | 13,976,938 | 30,544,804 | 23,919,965 | 350,116,246 |
Total assets | 564,135,134 | 714,544,713 | 1,069,606,283 | 985,629,472 |
Total liabilities | 519,513,389 | 354,523,015 | 410,752,499 | 350,695,653 |
Total equity | 44,621,746 | 360,021,698 | 658,853,784 | 634,933,819 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 659,921,664 | 649,484,332 | 666,801,033 | 593,688,602 |
Total operating costs | 670,666,374 | 655,278,049 | 667,814,150 | 595,564,808 |
Operating result | -10,744,709 | -5,793,718 | -1,013,117 | -1,876,206 |
Financial income/costs | 29,362,214 | 45,174,477 | 31,854,607 | 360,561,731 |
Profit before tax | 18,617,505 | 39,380,760 | 30,841,490 | 358,685,525 |
Total tax & extraordinary income/cost | 4,640,567 | 8,835,956 | 6,921,525 | 8,569,279 |
Annual Total Result | 13,976,938 | 30,544,804 | 23,919,965 | 350,116,246 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 135,631,350 | 401,904,601 | 713,353,174 | 630,684,434 |
Total current assets | 428,503,785 | 312,640,111 | 356,253,110 | 354,945,037 |
Total assets | 564,135,134 | 714,544,713 | 1,069,606,283 | 985,629,472 |
Short term debt | 494,269,957 | 324,601,020 | 380,632,262 | 350,695,653 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 519,513,389 | 354,523,015 | 410,752,499 | 350,695,653 |
Contributed capital | 100,000 | 100,000 | 100,000 | 100,000 |
Retained earnings | 44,521,746 | 359,921,698 | 658,753,784 | 634,833,819 |
Total equity | 44,621,746 | 360,021,698 | 658,853,784 | 634,933,819 |
Total equity and liabilities | 564,135,134 | 714,544,713 | 1,069,606,283 | 985,629,472 |
Classification
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
09
Activity
Mining support service activities
09.1
Main industrial group
Support activities for petroleum and natural gas extraction
09.10
Industrial group
Support activities for petroleum and natural gas extraction
09.109
Industrial group
Other support activities for petroleum and natural gas extraction