OCEAN INSTALLER EQUIPMENT AS

OceanInstaller – Flawless Offshore Project Execution

Within marine construction and operations, we have a proven track record in successfully delivering large complex projects in challenging environments.

Keywords

enginesturbinesmachine toolsmining equipmentoil extraction equipmentradio equipmenttelevision equipmentcommunication equipmentfilm production equipmentmeasuring equipmentcontrol equipmentscientific equipmentmotorcyclescaravanstrailersrailway equipmentliving quartersoffice quartersanimalslivestockracehorsescontainerspallets

Organization

CEO: KJ
Kevin James Murphy1980
Chairman of the board: OA
Odd Arne Kleveland1965
Years since formation: 13 years; since Feb 17, 2012
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

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

Financials

Total operating income 2024: 23,445,000; NOK
Annual total result 2024: -5,751,000; NOK
Total equity 2024: 185,256,000; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
KJ Kevin James Murphy 1980	Managing Director/CEO	-

Board

Name	Role	Shares
OA Odd Arne Kleveland 1965	Chairman	-
HS Håvard Strand 1972	Board Member	-
TM Trine Merete Krey 1977	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Last update: Jul 7, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
O OCEAN INSTALLER II AS	Ordinary shares	100	100 %

Last update: Jun 2, 2025

Group structure

MORELD HOLDING AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -641,325
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	23,445,000	22,612,862	22,239,916	27,380,087
Annual Total Result	-5,751,000	-2,855,638	-2,450,389	-2,835,263
Total assets	220,916,000	150,538,847	159,242,571	171,213,933
Total liabilities	35,660,000	163,697,833	169,545,920	179,676,501
Total equity	185,256,000	-13,158,987	-10,303,349	-8,462,568

P&L

Year	2024	2023	2022	2021
Total operating income	23,445,000	22,612,862	22,239,916	27,380,087
Total operating costs	17,917,000	16,972,189	16,746,302	22,328,999
Operating result	5,528,000	5,640,673	5,493,615	5,051,087
Financial income/costs	-12,901,000	-13,203,052	-10,758,213	-6,715,260
Profit before tax	-7,373,000	-7,562,379	-5,264,598	-1,664,173
Total tax & extraordinary income/cost	-1,622,000	-4,706,741	-2,814,209	1,171,090
Annual Total Result	-5,751,000	-2,855,638	-2,450,389	-2,835,263

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	129,729,000	146,433,985	155,481,983	168,358,554
Total current assets	91,187,000	4,104,862	3,760,588	2,855,379
Total assets	220,916,000	150,538,847	159,242,571	171,213,933
Short term debt	21,884,000	163,697,833	168,667,754	176,156,067
Long term debt	13,776,000	0	878,166	3,520,434
Total liabilities	35,660,000	163,697,833	169,545,920	179,676,501
Contributed capital	136,100,000	10,860,340	10,860,340	10,250,732
Retained earnings	49,156,000	-24,019,327	-21,163,689	-18,713,300
Total equity	185,256,000	-13,158,987	-10,303,349	-8,462,568
Total equity and liabilities	220,916,000	150,538,847	159,242,571	171,213,933

OCEAN INSTALLER EQUIPMENT AS997 992 989