Offshore drilling

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Fred. Olsen Energy ASA provides exploration and production services to the offshore oil and gas industry.

The company is listed on Oslo Stock Exchange.

Fred. Olsen Energy ASA was formed in 1997 as an amalgamation of all energy related activities affiliated to the Fred. Olsen companies.

The offshore fleet of Fred. Olsen Energy ASA with subsidiaries (the Group) consists of two ultra/deepwater units and five mid-water semi-submersible drilling rigs in addition to one tender support vessel and one accommodation unit. Three of the semi-submersible drilling rigs are operating on the Norwegian Continental Shelf. In addition, one ultra deepwater drillship was delivered end of February 2014.

The ship yard Harland & Wolff, in Belfast, Northern Ireland, was purchased by Fred. Olsen & Co. in 1989. From being a larger scale ship yard during the 1900s, the yard is now focusing on ship repair, steel fabrication and engineering services as well as providing services for activities related to offshore wind farms.