ISLAND OFFSHORE XI AS
Operating
Selskapet skal være komplementar i Island Offshore III KS.
Selskapets formål er å være komplementar i Island Offshore III KS.
Keywords
crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting
Organization
- Chairman of the board
- MU
Morten Ulstein1953
- Years since formation
- 21 years
- since Feb 10, 2005
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 266,993,736
- 1 share class
- Total number of shareholders
- 11
- 9 companies, 2 persons
Financials
- Annual total result 2025
- 6,089,587
- NOK
- Total equity 2025
- 69,751,440
- NOK
Last update: Jul 13, 2026
Management
Board
| Name | Role | Shares |
|---|---|---|
MU 1953 | Chairman | 2.79 % indirectly |
AL 1959 | Board Member | 4.5 % indirectly |
GJ 1944 | Board Member | - |
HU 1959 | Board Member | 2.79 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
AL 1959 | Board Member | 4.5 % indirectly |
MU 1953 | Chairman | 2.79 % indirectly |
HU 1959 | Board Member | 2.79 % indirectly |
SI | - | 2.79 % indirectly |
| - | 2.79 % indirectly | |
HU 1956 | - | 2.79 % indirectly |
AO | - | 2.72 % indirectly |
SO | - | 2.72 % indirectly |
SU 1958 | - | 1.67 % indirectly |
DU | - | 1.64 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 146,933,214 | 55.03 % | |
| Ordinary shares | 52,231,886 | 19.56 % | |
| Ordinary shares | 19,308,460 | 7.23 % | |
| Ordinary shares | 11,394,672 | 4.27 % | |
| Ordinary shares | 11,394,672 | 4.27 % | |
| Ordinary shares | 4,961,799 | 1.86 % | |
| Ordinary shares | 4,961,798 | 1.86 % | |
| Ordinary shares | 4,961,798 | 1.86 % | |
| Ordinary shares | 3,654,847 | 1.37 % | |
| Ordinary shares | 3,595,295 | 1.35 % | |
| Ordinary shares | 3,595,295 | 1.35 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 0 | 0 | 0 | 0 | 0 |
Annual Total Result | 6,089,587 | 2,576,475 | 13,339,098 | -1,269,868 | -576,765 |
Total assets | 73,016,601 | 65,209,865 | 68,338,475 | 52,751,303 | 47,652,297 |
Total liabilities | 3,265,161 | 1,548,012 | 2,253,097 | 5,024 | 4,349 |
Total equity | 69,751,440 | 63,661,853 | 66,085,378 | 52,746,279 | 47,647,948 |
P&L
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 0 | 0 | 0 | 0 | 0 |
Total operating costs | 101,385 | 111,268 | 64,481 | 6 | 0 |
Operating result | -101,385 | -111,268 | -64,481 | -6 | 0 |
Financial income/costs | 7,908,771 | 2,046,236 | 15,587,312 | -1,269,863 | -576,765 |
Profit before tax | 7,807,386 | 1,934,968 | 15,522,830 | -1,269,868 | -576,765 |
Total tax & extraordinary income/cost | 1,717,799 | -641,507 | 2,183,732 | 0 | 0 |
Annual Total Result | 6,089,587 | 2,576,475 | 13,339,098 | -1,269,868 | -576,765 |
Balance overview
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total fixed assets | 72,210,441 | 64,387,540 | 67,614,607 | 52,292,755 | 47,387,083 |
Total current assets | 806,161 | 822,325 | 723,868 | 458,548 | 265,214 |
Total assets | 73,016,601 | 65,209,865 | 68,338,475 | 52,751,303 | 47,652,297 |
Short term debt | 5,137 | 5,787 | 69,366 | 5,024 | 4,349 |
Long term debt | 0 | 0 | 0 | 0 | 0 |
Total liabilities | 3,265,161 | 1,548,012 | 2,253,097 | 5,024 | 4,349 |
Contributed capital | 40,745,481 | 40,745,481 | 40,745,481 | 40,745,481 | 36,575,481 |
Retained earnings | 29,005,959 | 22,916,372 | 25,339,897 | 12,000,798 | 11,072,467 |
Total equity | 69,751,440 | 63,661,853 | 66,085,378 | 52,746,279 | 47,647,948 |
Total equity and liabilities | 73,016,601 | 65,209,865 | 68,338,475 | 52,751,303 | 47,652,297 |
Classification
21st company classification
BETA
Small company
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