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I

INCREASED OIL RECOVERY AS976 810 252

Counseling
Limited company
2. etasje Haakon VIIs gate 1 0161 OSLO, Norge

INCREASED OIL RECOVERY AS

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

Chairman of the board
Years since formation
29 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: Jun 19, 2025

Management

Board

NameRoleShares
Contact Person, Chairman-
Alternate Member
55.05 %
indirectly

Others

NameRoleShares
P
PRICEWATERHOUSECOOPERS AS
Auditor-

Top 10 individual shareholders

NameRoleShares
Alternate Member
55.05 %
indirectly
-
44.95 %
indirectly
Last update: Apr 13, 2023

Ownership

Company shareholders

NameShare classTotal number of sharesShare
T
TWITS AS
Ordinary shares
46,794,463
55.05 %
Ordinary shares
38,205,537
44.95 %

Shares owned by the INCREASED OIL RECOVERY AS

NameShare classTotal number of sharesShare
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

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

Financials

in NOK

Summary

Year2024202320222021
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

Year2024202320222021
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

Year2024202320222021
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

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
M
Main industrial area
Professional, scientific and technical activities
71
Activity
Architectural and engineering activities; technical testing and analysis
71.1
Main industrial group
Architectural and engineering activities and related technical consultancy
71.12
Industrial group
Engineering activities and related technical consultancy
71.129
Industrial group
Other technical consultancy