PETROLIA NOCO AS

Operating

Drive petroleums-, offshore-, handel-, industri-, og finansiell virksomhet og annen relatert virksomhet samt å delta som aksjonær eller på annen måte i andre virksomheter.

Norsk oljeselskap med fokus på norsk sokkel.

Keywords

extractioncrude oilbituminousoilyshaletar sandsproductiondecantationdesalinationdrying stabilization

Organization

CEO: MS
Morten Stenhaug1966
Chairman of the board: RJ
Robert John Arnott1958
Years since formation: 15 years; since Jun 9, 2011
Type: Limited company
VAT registered: Yes
Number of employees: 20

Ownership

Number of shares and share classes: 190,000,000; 1 share class
Total number of shareholders: 621; 118 companies, 503 persons

Financials

Total operating income 2025: 634,865,000; NOK
Annual total result 2025: -11,255,000; NOK

Last update: Oct 13, 2026

Management

Management / administration

Name	Role	Shares
MS Morten Stenhaug 1966	Managing Director/CEO	-

Board

Name	Role	Shares
RJ Robert John Arnott 1958	Chairman	-
BB Brede Bjøvad Larsen 1986	Board Member	-
SS Sjur Storaas 1953	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
T TMF NORWAY AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GL Gerdt Larsen Berge 1952	-	8 % indirectly
BL Bjøvad Larsen Brede 1986	-	6.28 % indirectly

Last update: Aug 13, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
P PETROLIA AS	Ordinary shares	66,792,558	35.15 %
I INDEPENDENT OIL & RESOURCES PLC	Ordinary shares	23,735,364	12.49 %
I INCREASED OIL RECOVERY AS	Ordinary shares	16,144,165	8.5 %
L LARSEN OIL & GAS AS	Ordinary shares	5,537,595	2.91 %
T TIME CRITICAL PETROLEUM RESOURCES AS	Ordinary shares	5,461,346	2.87 %
T TOKALA AS	Ordinary shares	1,205,075	0.63 %
A ASKAS AS	Ordinary shares	314,070	0.17 %
AS Arild Svendsen Geir 1957	Ordinary shares	309,101	0.16 %
NS Nilsen Sølve 1969	Ordinary shares	273,631	0.14 %
E EGD CAPITAL AS	Ordinary shares	272,116	0.14 %
S SELACO AS	Ordinary shares	259,786	0.14 %
EM Egil Moe Jan 1952	Ordinary shares	175,000	0.09 %
S SILVERCOIN INDUSTRIES AS	Ordinary shares	167,122	0.09 %
H HAVLI AS	Ordinary shares	164,889	0.09 %
M MILLYEN AS	Ordinary shares	153,936	0.08 %
HA Horpestad Andreas 1943	Ordinary shares	144,578	0.08 %
DB Dahle Bjørn 1947	Ordinary shares	141,613	0.07 %
S SKARET INVEST AS	Ordinary shares	138,615	0.07 %
M MARILL AS	Ordinary shares	116,107	0.06 %
A ALIENINVEST AS	Ordinary shares	94,678	0.05 %
AM Aune Morten 1982	Ordinary shares	87,158	0.05 %
F FORLAND HOLDING AS	Ordinary shares	84,000	0.04 %
J JAHRMANN AS	Ordinary shares	80,000	0.04 %
HL Hagen Lars 1960	Ordinary shares	77,511	0.04 %
A A. REKDAL AS	Ordinary shares	70,000	0.04 %
Z ZICO AS	Ordinary shares	68,630	0.04 %
HJ Hanstveit Jon 1950	Ordinary shares	62,522	0.03 %
MS Morten Stangeland Ole 1959	Ordinary shares	60,000	0.03 %
RB Reksten Bjørg 1964	Ordinary shares	58,000	0.03 %
LN Lorentzen Nathalie 1986	Ordinary shares	56,000	0.03 %
B BREIVIK INVEST AS	Ordinary shares	54,836	0.03 %
N NESTTUN INVEST AS	Ordinary shares	52,295	0.03 %
VL Vidar Lundtveit Jan 1955	Ordinary shares	50,000	0.03 %
MT Marvik Tjølsen Maria 1991	Ordinary shares	49,952	0.03 %
U U-TURN VENTURES AS	Ordinary shares	49,872	0.03 %
EB Elisabeth Brekke Renate 1968	Ordinary shares	41,200	0.02 %
AS Andersen Sissel 1953	Ordinary shares	41,200	0.02 %
M MP PENSJON PK	Ordinary shares	37,906	0.02 %
LT Lien Tor 1942	Ordinary shares	37,851	0.02 %
ES Eileng Sandra 1983	Ordinary shares	30,000	0.02 %
BB Bernhard Bergman Anders 1980	Ordinary shares	30,000	0.02 %
HS Hagevold Sondre 1995	Ordinary shares	30,000	0.02 %
SR Skjold Randi 1973	Ordinary shares	30,000	0.02 %
GW Gullaksen William 1991	Ordinary shares	30,000	0.02 %
IS Ivar Sognnes Helge 1970	Ordinary shares	30,000	0.02 %
EC Eide Camilla 1979	Ordinary shares	30,000	0.02 %
ØE Øverland Eirik 1966	Ordinary shares	30,000	0.02 %
BB Bærheim Borgenvik Jørgen 1993	Ordinary shares	30,000	0.02 %
DK Dammen Ksenia 1983	Ordinary shares	28,571	0.02 %
AB Atle Bjørkum Per 1970	Ordinary shares	27,000	< 0.01 %
J J.D. TRADING AS	Ordinary shares	26,426	< 0.01 %
LS Larsen Svendsen Janne 1962	Ordinary shares	25,290	< 0.01 %
KJ Kauserud Jostein 1969	Ordinary shares	25,093	< 0.01 %
A ACTIVE PRO AS	Ordinary shares	20,001	< 0.01 %
ÅA Ådland Andre 1986	Ordinary shares	20,000	< 0.01 %
TO Tøfte Ole 1940	Ordinary shares	20,000	< 0.01 %
Å ÅRNES SPORT AS	Ordinary shares	18,937	< 0.01 %
SH Stener Henning 1975	Ordinary shares	16,000	< 0.01 %
C CROWN HILL CHARTERING AS	Ordinary shares	15,821	< 0.01 %
N NEUMANN INVEST AS	Ordinary shares	13,636	< 0.01 %
M MOVIDA AS	Ordinary shares	13,636	< 0.01 %
CA Christiansen Arne 1933	Ordinary shares	13,615	< 0.01 %
ES Eliassen Solveig 1953	Ordinary shares	13,301	< 0.01 %
BL Blichfeldt Lund Svein 1946	Ordinary shares	13,074	< 0.01 %
NB Nilsen Bergersen Mona 1964	Ordinary shares	12,929	< 0.01 %
MS Morten Sæter Haakon 1963	Ordinary shares	11,701	< 0.01 %
SH Ståle Huse Einar 1970	Ordinary shares	11,588	< 0.01 %
EL Elvik-Bull Lillian 1986	Ordinary shares	11,429	< 0.01 %
N NORWEGIAN PRESERVING CO AS	Ordinary shares	10,914	< 0.01 %
JV Johan Vaksvik Karl 1950	Ordinary shares	10,900	< 0.01 %
L LOBSTER MANAGEMENT AS	Ordinary shares	10,895	< 0.01 %
J JACON A/S	Ordinary shares	10,000	< 0.01 %
GS Grønland Steinar 1977	Ordinary shares	10,000	< 0.01 %
JK Johan Kvalheim Knut 1952	Ordinary shares	9,849	< 0.01 %
TG Thune Gerd 1935	Ordinary shares	9,745	< 0.01 %
BM Broch Mathisen Tvedt Anette 1985	Ordinary shares	8,400	< 0.01 %
OS Olav Schütt Hans 1985	Ordinary shares	8,159	< 0.01 %
GT Gisle Tønder Knut 1954	Ordinary shares	6,848	< 0.01 %
H HAVNA AS	Ordinary shares	6,542	< 0.01 %
FH Fjærli Håkon 2000	Ordinary shares	6,500	< 0.01 %
KS Karin Svenheim Astrid 1949	Ordinary shares	6,102	< 0.01 %
W WELLINVEST AS	Ordinary shares	4,768	< 0.01 %
KP Kristian Pettersen Ole 1960	Ordinary shares	4,358	< 0.01 %
I INTER SEA AS	Ordinary shares	4,358	< 0.01 %
K KTO INVEST AS	Ordinary shares	4,106	< 0.01 %
C CARPE DIEM AFSETH AS	Ordinary shares	3,923	< 0.01 %
L LEIF INGE SLETTHEI AS	Ordinary shares	3,891	< 0.01 %
GD Galtung Døsvig Einar 1934	Ordinary shares	3,885	< 0.01 %
NA Nilsen Arild 1943	Ordinary shares	3,636	< 0.01 %
A AASE INVESTERING AS	Ordinary shares	3,487	< 0.01 %
SR Skrivervik Ragnar 1954	Ordinary shares	3,469	< 0.01 %
T TRONES INVESTERING AS	Ordinary shares	3,361	< 0.01 %
KB Kjell Bekkevik Rolf 1946	Ordinary shares	3,324	< 0.01 %
FH Friele Herman 1943	Ordinary shares	3,312	< 0.01 %
KR Kløkstad Roar 1966	Ordinary shares	3,151	< 0.01 %
C CAIANO INVEST AS	Ordinary shares	3,030	< 0.01 %
MO Moldskred Oddvar 1955	Ordinary shares	3,028	< 0.01 %
SO Svein Oen Roald 1962	Ordinary shares	2,746	< 0.01 %
S SCANDINAVIAN CONSULTING GROUP AS	Ordinary shares	2,702	< 0.01 %
AL Arne Landro Jonny 1954	Ordinary shares	2,233	< 0.01 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	634,865,000	713,604,000	9,810,000	34,187,492	4,016,042
Annual Total Result	-11,255,000	-4,051,000	-34,376,000	-38,410,227	-64,260,606
Total assets	0	1,049,481,000	1,093,362,000	321,582,774	314,434,494
Total liabilities	0	1,057,109,000	1,096,937,000	310,782,645	295,224,137
Total equity	0	-7,627,000	-3,576,000	10,800,130	19,210,357

P&L

Year	2025	2024	2023	2022	2021
Total operating income	634,865,000	713,604,000	9,810,000	34,187,492	4,016,042
Total operating costs	535,021,000	666,619,000	101,866,000	140,103,660	231,232,880
Operating result	99,844,000	46,985,000	-92,056,000	-105,916,168	-227,216,838
Financial income/costs	-58,219,000	-46,348,000	-18,169,000	-16,595,317	-10,285,130
Profit before tax	41,625,000	637,000	-110,225,000	-122,511,485	-237,501,968
Total tax & extraordinary income/cost	52,880,000	4,688,000	-75,849,000	-84,101,258	-173,241,362
Annual Total Result	-11,255,000	-4,051,000	-34,376,000	-38,410,227	-64,260,606

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	815,816,000	904,461,000	152,701,922	169,105,739
Total current assets	233,665,000	188,901,000	168,880,852	145,328,755
Total assets	1,049,481,000	1,093,362,000	321,582,774	314,434,494
Short term debt	414,363,000	420,528,000	119,111,670	95,009,601
Long term debt	642,746,000	676,409,000	191,670,975	200,214,536
Total liabilities	1,057,109,000	1,096,937,000	310,782,645	295,224,137
Contributed capital	17,000,000	17,000,000	16,000,000	19,210,357
Retained earnings	-24,627,000	-20,576,000	-5,199,870	0
Total equity	-7,627,000	-3,576,000	10,800,130	19,210,357
Total equity and liabilities	1,049,482,000	1,093,361,000	321,582,775	314,434,494

Classification

21st company classification

BETA

Small company

PETROLIA NOCO AS997 015 231

PETROLIA NOCO AS

Keywords

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Financials

Summary

P&L

Balance overview

Classification