INCREASED OIL RECOVERY AS

Operating

Ta del i og investere i riggprosjekter, prosjekter innenfor økt utvinning av olje- og gassfelt, utvikle teknologi og systemer for økt utvinning samt annen virksomhet innenfor offshore-, olje- og gassindustrien.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

Chairman of the board: BG
Berge Gerdt Larsen1952
Years since formation: 30 years; since Oct 16, 1996
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 85,000,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Annual total result 2024: 18,682,258; NOK
Total equity 2024: 396,666,920; NOK

Last update: Feb 11, 2026

Locations

2. etasje Haakon VIIs gate 1 0161 OSLO, Norge

Company address
2. etasje Haakon VIIs gate 1 0161 OSLO, Norge
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Postal address
Hopsnesvegen 127 5232 PARADIS, Norge
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Management

Board

Name	Role	Shares
BG Berge Gerdt Larsen 1952	Chairman	-
BB Brede Bjøvad Larsen 1986	Alternate Member	55.05 % indirectly

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
BB Brede Bjøvad Larsen 1986	Alternate Member	55.05 % indirectly
BG Berge Gerdt Larsen 1952	-	44.95 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
T TWITS AS	Ordinary shares	46,794,463	55.05 %
T TIME CRITICAL PETROLEUM RESOURCES AS	Ordinary shares	38,205,537	44.95 %

Shares owned by the INCREASED OIL RECOVERY AS

Name	Share class	Total number of shares	Share
F FREDNÆS AS	Ordinary shares	500	100 %
K KVER AS	Ordinary shares	500	100 %
L LARSEN OIL & GAS AS	Ordinary shares	2,000	100 %
N NORWEGIAN OIL COMPANY AS	Ordinary shares	100	100 %
E EPSIS AS	NO0010322514	3,721,541	60.95 %
F FABTECH HOLDING AS	Ordinary shares	16	16 %
P PETROLIA NOCO AS	NO0010844301	16,144,165	9.5 %
H HAV GROUP ASA	NO0010931918	10,279	0.03 %
D DNO ASA	NO0003921009	147,323	0.02 %
E EQVA ASA	NO0010708605	11,765	0.02 %
P PETRONOR E&P ASA	NO0012942525	99	< 0.01 %
B BLUENORD ASA	NO0010379266	182	< 0.01 %
P PANORO ENERGY ASA	NO0010564701	1,155	< 0.01 %

Last update: Jun 2, 2025

Group structure

TWITS AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -234,851
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	18,682,258	13,577,379	-33,676,900	-45,793,402
Total assets	402,428,848	381,067,925	365,523,999	400,222,043
Total liabilities	5,761,927	3,083,262	1,116,715	1,713,587
Total equity	396,666,920	377,984,663	364,407,284	398,508,456

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	417,912	270,989	149,276	167,033
Operating result	-417,912	-270,989	-149,276	-167,033
Financial income/costs	20,410,045	14,526,685	-32,835,182	-45,014,117
Profit before tax	19,992,133	14,255,696	-32,984,457	-45,181,150
Total tax & extraordinary income/cost	1,309,875	678,317	692,443	612,252
Annual Total Result	18,682,258	13,577,379	-33,676,900	-45,793,402

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	286,111,710	268,546,906	239,947,464	269,946,732
Total current assets	116,317,137	112,521,019	125,576,535	130,275,311
Total assets	402,428,848	381,067,925	365,523,999	400,222,043
Short term debt	5,761,927	3,083,262	1,116,715	1,713,587
Long term debt	0	0	0	0
Total liabilities	5,761,927	3,083,262	1,116,715	1,713,587
Contributed capital	85,000,000	85,000,000	85,000,000	85,000,000
Retained earnings	311,666,920	292,984,663	279,407,284	313,508,456
Total equity	396,666,920	377,984,663	364,407,284	398,508,456
Total equity and liabilities	402,428,848	381,067,925	365,523,999	400,222,043

Classification

21st company classification

BETA

Small company

INCREASED OIL RECOVERY AS976 810 252