WELLTEC OILFIELD SERVICES (NORWAY) AS
Welltec - from the original Well Tractor® to our industry leading metal-expandable Welltec® Annular Barrier – our unique range of Well interventions services and completions products are among the most tried and tested in the market.
Keywords
drillingexplorationdelineationproduction wellsdirectionalre-drillingtrial drillingcementingdrill pipeoil boreholegas boreholepluggingclosurewell funnel operationscasing servicesdrill samplesgeological observationswell planningmwd (measurement while drilling)lwd (logging while drilling)ml (mud logging)
Organization
- CEO
- JR
- Chairman of the board
- TE
Tommy Eikeland1977
- Years since formation
- 10 years
- since Nov 7, 2014
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 116
Ownership
- Number of shares and share classes
- 30,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2023
- 825,478,691
- NOK
- Annual total result 2023
- 35,469,687
- NOK
- Total equity 2023
- 7,560,023
- NOK
Last update: Oct 14, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JR | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TE 1977 | Chairman | - |
MC | Board Member | - |
TD | Board Member | - |
SN 1986 | Board Member | - |
| Board Member | - | |
KJ 1993 | Alternate Member | - |
MP 1964 | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Oct 16, 2024
Ownership
Company shareholders
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30,000 | 100 % |
Last update: May 24, 2024
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 825,478,691 | 792,212,258 | 580,400,564 |
Annual Total Result | 35,469,687 | 40,351,780 | 26,474,523 |
Total assets | 195,970,874 | 238,707,368 | 232,530,229 |
Total liabilities | 188,410,851 | 231,617,032 | 225,791,673 |
Total equity | 7,560,023 | 7,090,336 | 6,738,556 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 825,478,691 | 792,212,258 | 580,400,564 |
Total operating costs | 779,137,922 | 742,124,933 | 544,121,140 |
Operating result | 46,340,769 | 50,087,325 | 36,279,424 |
Financial income/costs | -682,203 | 1,881,906 | -2,057,939 |
Profit before tax | 45,658,566 | 51,969,231 | 34,221,485 |
Total tax & extraordinary income/cost | 10,188,879 | 11,617,451 | 7,746,962 |
Annual Total Result | 35,469,687 | 40,351,780 | 26,474,523 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 8,690,642 | 11,120,944 | 16,913,070 |
Total current assets | 187,280,232 | 227,586,424 | 215,617,159 |
Total assets | 195,970,874 | 238,707,368 | 232,530,229 |
Short term debt | 188,410,851 | 231,617,032 | 225,791,673 |
Long term debt | 0 | 0 | 0 |
Total liabilities | 188,410,851 | 231,617,032 | 225,791,673 |
Contributed capital | 3,096,017 | 3,096,017 | 3,096,017 |
Retained earnings | 4,464,006 | 3,994,319 | 3,642,539 |
Total equity | 7,560,023 | 7,090,336 | 6,738,556 |
Total equity and liabilities | 195,970,874 | 238,707,368 | 232,530,229 |
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
09.101
Industrial group
Drilling services for petroleum and natural gas extraction