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Annual report 2003
In 2003, Solstad Offshore ASA (the Group) achieved operating revenues of NOK 994 million, a decrease of NOK 16 million, or 1.6% lower than the previous year. Profit was NOK 184 million. Booked equity at the turn of the year was NOK 1,991 million (40%), equivalent to NOK 56 per share.
Updated:29.04.2009
In 2003, the demand for modern offshore service vessels in areas outside the North Sea has been good. Brazil, West Africa, the Gulf of Mexico, the Mediterranean, the Far East and Australia have been significant areas for deployment. However, the North Sea market did not maintain its balance and the demand for the fleet (AHTS and PSV’s) reduced throughout 2003. The reason for this was mainly due to the reluctance of major operating companies to invest in the area and, to some extent, the availability of vessels, which was at its lowest for many years.
TERMS AND CONDITIONS SOLSTAD OFFSHORE ASA · P.O.BOX 13 · N-4297 SKUDENESHAVN · NORWAY · T:(+47) 52856500 · FIRMAPOST@SOLSTAD.NO