Report for the 1st quarter 2011

Figures in NOK

HIGHLIGHTS

  • Revenues were 1,479 million
  • EBITDA was 763 million
  • Operating profit (EBIT) was 447 million
  • Profit before tax was 383 million
  • Earnings per share were 5.6
  • New  four-well drilling contract for Borgsten Dolphin 

Post quarter events: 

  • New ultra deepwater drillship ordered from Hyundai Heavy Industries Co., Ltd in April
  • Completed bond issue of NOK 1.400 million in May
  • New one-well Letter of Intent for Blackford Dolphin in April
  • New three-well Letter of Intent for Blackford Dolphin in April

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