Particularly exciting for us in 2011 were the good results from two operating wells on Hild and Atla (former David). We are now working on maturing two development plans for 2011, bringing together our technological and human resourses in order to re-emerge as a meaningful operator in Norway.
|
2010 |
2009 |
2008 |
| INCOME STATEMENT (in MNOK) |
|
|
|
| Total revenues |
47 777 |
41 571 |
57 122 |
| Operating profit |
29 774 |
22 006 |
37 625 |
| Financial income/(expenses) - net |
(236) |
134 |
582 |
| Net income before taxes |
29 539 |
22 140 |
38 207 |
| Taxes on income |
20 184 |
16 397 |
28 692 |
| Net income |
9 354 |
5 774 |
9 515 |
| Cash flow from operations |
13 711 |
15 804 |
17 713 |
| |
|
|
|
| BALANCE SHEET (in MNOK) |
|
|
|
| Intangible assets |
1 200 |
1 342 |
1 494 |
| Investments, property, plant and equipment |
48 821 |
51 978 |
49 575 |
| Current assets |
6 829 |
6 131 |
5 315 |
| Total equity |
6 589 |
6 635 |
6 691 |
| Long-term provisions |
23 670 |
24 497 |
21 784 |
| Long-term liabilities |
1 129 |
8 160 |
1 372 |
| Current liabilities |
25 463 |
20 158 |
26 536 |
| |
|
|
|
| OTHER KEY FIGURES |
|
|
|
| Acquisition of property, plant, and equipment (in MNOK) |
8 308 |
9 615 |
8 340 |
| Exploration activity, costs and investment (in MNOK) |
671 |
1 153 |
611 |
| Rate of return on capital employed * |
69.4 % |
33.0 % |
63.5 % |
| Production cost USD/bbl |
6.8 |
6.1 |
6.3 |
| Transport cost USD/bbl |
4.1 |
4.2 |
4.2 |
| |
|
|
|
| PRODUCTION (in thousand boe.) |
|
|
|
| Net average daily production |
310 |
327 |
335 |
| |
|
|
|
| Average number of employees |
277 |
270 |
257 |
*Net income plus financial expense after tax as a percentage of capital employment 1 January. Capital employed consists of total equity and liabilities less non-interests carrying debt.