Olje og gass ranking 2023

Benchmarks · fiscal year 2023

Quartiles among the 565 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figure	Lower quartile	Median	Upper quartile
Operating margin	−1.5%	7.7%	30.7%
Profit margin	1.0%	10.3%	46.5%
Return on assets	−0.2%	6.8%	19.7%
Equity ratio	8.2%	40.3%	80.6%
Debt-to-equity	0.18	0.95	3.83
Current ratio	0.89	1.26	3.34
Revenue growth	−26.4%	10.5%	108.2%

Ranked per size tier: medium: 132 · small: 312 · large: 71 · unknown size: 51. Medium from 100 MNOK in revenue, large from 1,000 MNOK.

Distribution of the overall index · 2023

Best in each category · 2023

Operating marginHAVILA PHOENIX AS264.9%

Return on assetsOLYMPIC OPERATION II AS50,606.2%

Equity ratioAPC AS103.1%

Current ratioKARL EGIL KLEVSTADLIEN OFFSHORE AS6,752.00

Revenue growthNØSTE ENERGI AS1,928.5%

Ranking · 2023

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank	Company	Size	Index	Operating margin	Equity ratio	Current ratio	Revenue growth	Revenue
1	H&P NORGE AS	medium	99	–	100.0%	486.64	–	–
2	SUNDOWN INVEST AS	small	93	–	99.5%	183.05	–	0 MNOK
3	SUBCAP AS	small	90	–	100.0%	–	–	–
4	EIDESVIK NEPTUN II AS	small	90	115.7%	97.0%	33.21	–	0 MNOK
5	LTG INVEST AS	small	88	–	100.0%	3,976.83	–	–
6	LANGGÅRD AS	small	87	–	99.7%	324.55	–	–
7	SIV.ING. TORGEIR AUNE AS	small	86	–	100.0%	2,038.26	–	0 MNOK
8	HVAC OFFSHORE AS	small	86	38.0%	97.3%	37.60	–	2 MNOK
9	KAMA CONSULTING AS	small	85	–	99.3%	198.76	–	–
10	RGA ENERGY HOLDINGS AS	medium	84	–	74.4%	1.45	–	–
11	INTERWELL NORWAY AS	large	84	28.3%	80.6%	3.66	–	1,284 MNOK
12	FEISTEIN AS	small	84	62.0%	95.0%	19.82	–	3 MNOK
13	EQUINOR MURZUQ AS	large	83	90.6%	51.3%	1.49	–	1,382 MNOK
14	KOMPLEMENTAR CCB AS	small	83	96.4%	97.9%	17.45	–	0 MNOK
15	STRINDFJORDEN AS	small	82	–	97.8%	9.17	–	0 MNOK
16	EXPLONOR AS	small	82	73.6%	88.5%	6.52	–	3 MNOK
17	INPEX IDEMITSU NORGE AS	large	82	69.0%	48.9%	2.64	–	8,942 MNOK
18	RDS HOLDING AS	small	82	–	99.4%	182.24	–	0 MNOK
19	REM SUBSEA AS	medium	81	236.3%	53.0%	2.00	–	108 MNOK
20	M VEST INVEST 2 AS	small	81	–	74.3%	–	–	–
21	MINERALS GROUP AS	small	80	63.5%	97.7%	42.04	–	0 MNOK
22	REUTZ CONSULTING AS	small	80	–	100.0%	–	–	–
23	NITROGAS AS	small	80	50.8%	86.9%	6.21	–	4 MNOK
24	KINNA AS	small	80	17.0%	98.4%	60.32	–	0 MNOK
25	INTELLISERV NORWAY AS	medium	79	23.9%	61.5%	2.06	–	144 MNOK
26	JEPSEN OFFSHORE AS	small	79	50.6%	88.7%	22.98	–	3 MNOK
27	ØCH INVEST AS	medium	79	–	100.0%	–	–	–
28	NORD AS	small	79	65.2%	95.7%	4.51	–	2 MNOK
29	ATNO CONSULTING AS	small	79	17.0%	95.9%	24.52	–	2 MNOK
30	KONGSLIEN PETROPHYSICS AS	small	79	44.9%	87.5%	6.39	–	2 MNOK
31	TJERBO INVEST AS	small	78	20.2%	83.6%	90.35	–	0 MNOK
32	SIEN AS	small	78	48.8%	86.1%	7.17	–	0 MNOK
33	CEMAS AS	small	78	−76.7%	99.6%	101.31	–	0 MNOK
34	METEVA AS	small	78	86.1%	80.4%	3.73	–	71 MNOK
35	KARL EGIL KLEVSTADLIEN OFFSHORE AS	small	77	8.1%	100.0%	6,752.00	–	0 MNOK
36	TCO GROUP AS	medium	77	22.0%	49.9%	5.63	–	402 MNOK
37	EQUINOR APSHERON AS	large	77	67.2%	55.4%	1.26	–	8,709 MNOK
38	CINCLUS IV AS	small	77	76.6%	100.0%	–	–	3 MNOK
39	BW OFFSHORE NORWAY AS	medium	77	4.8%	60.0%	3.87	–	404 MNOK
40	WELLESLEY PETROLEUM AS	large	77	94.5%	58.9%	13.65	–	3,369 MNOK
41	IKM HOLDING AS	medium	77	–	98.5%	11.02	–	–
42	LEFDAL WELL CONSULTANTS AS	small	76	–	99.9%	1,169.92	–	–
43	FRANCON AS	small	75	53.9%	78.4%	3.92	–	3 MNOK
44	FLUID CONTROL SERVICE AS	medium	75	18.8%	55.7%	1.56	–	128 MNOK
45	DEEPOCEAN GROUP HOLDING AS	medium	75	7.1%	62.6%	8.10	–	231 MNOK
46	CAPEOMEGA GAS TRANSPORTATION AS	medium	74	96.2%	95.1%	2.20	–	395 MNOK
47	CEMIKO AS	small	74	35.0%	70.1%	3.34	–	1 MNOK
48	NORTH SEA GIANT AS	medium	74	5.3%	93.7%	4.34	–	196 MNOK
49	TASTA DRILLING AS	small	74	23.4%	83.0%	5.88	–	4 MNOK
50	JON LINDMAN AS	small	74	−672.2%	99.9%	974.68	–	0 MNOK
51	HILDR AS	small	73	–	93.7%	432.07	–	0 MNOK
52	TORE.HALVORSEN AS	small	73	30.7%	99.3%	123.58	–	1 MNOK
53	HOVE FINANS AS	small	73	–	99.5%	40.92	–	–
54	ARCADE DRILLING AS	–	73	–	99.3%	145.67	–	–
55	R.NEVLAND AS	small	73	39.2%	63.7%	2.76	–	4 MNOK
56	WELLPARTNER AS	medium	72	17.9%	69.1%	1.37	–	134 MNOK
57	JARALA AS	small	72	−512.5%	99.8%	221.39	–	0 MNOK
58	H. CONSULT AND INVEST AS	small	72	–	99.9%	214.90	–	0 MNOK
59	FAMOS ENGINEERING AS	small	72	−5.8%	97.1%	34.95	–	1 MNOK
60	EQUINOR IN AMENAS AS	large	72	59.1%	63.7%	1.08	–	2,548 MNOK
61	DOF SUBSEA NORWAY AS	medium	72	14.2%	59.6%	2.23	–	918 MNOK
62	HAGGI INVEST AS	small	72	–	75.0%	2.91	–	–
63	VAN OORD NORWAY AS 2025 missing	large	72	9.4%	42.2%	1.97	219.8%	1,061 MNOK
64	RPG NORGE AS	small	71	20.8%	68.5%	3.17	–	9 MNOK
65	SIAI HOLDING AS	medium	71	–	91.3%	3.63	–	–
66	WEATHERFORD NORGE AS	large	71	10.2%	48.6%	1.78	–	1,146 MNOK
67	H&P OFFSHORE AS	–	71	–	79.5%	4.87	–	–
68	DOLPHIN DRILLING OFFSHORE AS	medium	71	118.8%	78.6%	1.74	–	289 MNOK
69	AKER SOLUTIONS HOLDING AS	large	71	93.6%	61.4%	0.88	–	9,385 MNOK
70	TE AKTIVA AS	small	71	52.7%	59.7%	2.46	–	3 MNOK
71	AKASTOR AS	medium	71	80.6%	51.3%	1.24	–	663 MNOK
72	DNO IRAQ AS	–	70	21.9%	80.6%	2.90	–	–
73	PRA GROUP EUROPE PORTFOLIO AS	small	70	1.7%	99.8%	5.58	–	9 MNOK
74	SUBSEA 7 NORWAY AS	large	70	13.6%	41.0%	1.70	–	10,660 MNOK
75	EIDESVIK REACH AS	medium	70	41.5%	58.5%	5.41	–	101 MNOK
76	PROPLAN PROJECT PLANNING AS	small	70	25.4%	66.7%	2.99	–	2 MNOK
77	OLYMPIC OFFSHORE WIND AS	medium	70	75.7%	23.9%	9.97	–	126 MNOK
78	CMO AS	small	69	24.2%	100.0%	–	–	0 MNOK
79	ICR INTEGRITY NORGE AS	small	69	20.4%	79.1%	5.68	–	30 MNOK
80	CAPTROL AS	small	69	25.7%	83.0%	5.26	–	2 MNOK
81	EPTEC - ENERGY & PROCESS TECHNIC AS	small	69	26.4%	90.6%	8.90	–	0 MNOK
82	KIMEK OFFSHORE RESOURCES AS	small	69	–	99.8%	611.68	–	–
83	VHV CONSULTING AS	small	69	81.9%	55.3%	1.79	–	0 MNOK
84	EQUINOR INTERNATIONAL WELL RESPONSE COMPANY AS	medium	69	–	55.8%	2.31	–	–
85	BUKTA HOLDING AS	small	68	–	77.6%	22.78	–	–
86	REM SALTIRE AS	medium	68	36.1%	32.8%	3.95	–	133 MNOK
87	ODFJELL DRILLING AS	medium	68	19.3%	35.2%	1.34	–	855 MNOK
88	OLJEVEDLIKEHOLD AS	small	68	−2.9%	99.2%	120.12	–	0 MNOK
89	TECHNIP COFLEXIP NORGE AS	–	68	–	70.2%	0.06	–	–
90	BELGRAVIA AS	medium	68	–	98.6%	13.34	–	–
91	BOKA TOPAZ OPERATION AS	medium	68	2.4%	74.7%	3.86	–	153 MNOK
92	MOHR AS	small	68	16.6%	77.1%	3.35	–	4 MNOK
93	VISION OF ENERGY AS	small	68	–	99.9%	858.29	–	–
94	CONSTRUCTION SERVICES AS	small	68	8.2%	81.6%	4.15	–	7 MNOK
95	AT-JOA INVEST AS	small	67	87.4%	68.5%	0.50	–	0 MNOK
96	AKA SPH AS	small	67	–	99.2%	129.10	–	–
97	OLYMPIC HOLDING CHARTERING AS	medium	67	2.9%	50.7%	2.03	–	710 MNOK
98	COSL OFFSHORE MANAGEMENT AS	large	67	−1.9%	85.8%	7.16	–	2,201 MNOK
99	REMOTION AS	small	67	28.1%	62.0%	2.25	–	65 MNOK
100	AKER INSTALLATION FP AS	–	67	–	77.4%	4.21	–	–
101	BEERENBERG AS	large	67	–	72.5%	19.84	–	–
102	DOF SUBSEA ATLANTIC AS	medium	66	–	50.6%	0.88	–	–
103	EQUINOR IN SALAH AS	large	66	66.1%	54.3%	1.06	–	4,834 MNOK
104	OPTIMISER AS	small	66	–	85.3%	22.80	–	–
105	HOGNEST AS	small	66	−458.0%	97.9%	12.35	–	0 MNOK
106	DOF SUBSEA REDERI AS	large	66	97.7%	39.8%	1.45	–	1,255 MNOK
107	EXXONMOBIL EXPLORATION AND PRODUCTION NORWAY AS	medium	66	–	78.7%	5.05	–	0 MNOK
108	EQUINOR ANGOLA BLOCK 46 AS	medium	66	–	97.9%	48.18	–	–
109	IK SUBSEA AS	medium	66	10.8%	34.3%	1.60	–	218 MNOK
110	AMA OCEAN AS	small	65	–	92.8%	13.86	–	–
111	SJØLIE OFFSHORE AS	small	65	36.5%	48.8%	1.95	–	2 MNOK
112	TARGS AS	small	65	89.0%	37.9%	1.61	–	1 MNOK
113	OLYMPIC CHALLENGER AS	small	65	46.7%	52.0%	1.78	–	93 MNOK
114	KJELL STUVIK HOLDING AS	small	65	–	100.0%	–	–	–
115	NORPIPE OIL AS	medium	65	41.6%	22.4%	2.73	–	265 MNOK
116	EQUINOR ANGOLA BLOCK 47 AS	medium	65	–	97.9%	47.53	–	–
117	HALLIBURTON AS	large	65	10.4%	34.8%	1.91	–	9,022 MNOK
118	HV VII INVEST DAGS AS	small	65	–	99.0%	22.54	–	–
119	NORTH SEA GIANT II AS	medium	65	34.6%	53.9%	2.35	–	136 MNOK
120	GM DEEPWATER CONSULTANCY AS	small	65	33.1%	63.3%	1.06	–	2 MNOK
121	SARENS AS 2025 missing	small	64	26.4%	53.9%	2.03	108.2%	96 MNOK
122	KVERNVOLD INVEST AS	small	64	−267.6%	100.0%	–	–	0 MNOK
123	ENHANCED DRILLING AS	medium	64	20.0%	39.7%	1.78	–	508 MNOK
124	WEST SUPPLY VII EIER AS	small	64	52.0%	62.1%	14.26	–	13 MNOK
125	DET NORSKE OLJESELSKAP AS	small	64	–	96.5%	28.42	–	–
126	SUPPLY CHAIN MANAGEMENT SERVICES AS	small	64	8.1%	60.8%	2.79	–	65 MNOK
127	SUB AQUA TECHNOLOGY SAT AS	small	64	2.9%	96.2%	1.25	–	1 MNOK
128	ROV & DYKKER SERVICE AS	small	64	0.9%	85.4%	4.94	–	6 MNOK
129	ISLAND DRILLING MANAGEMENT AS	medium	64	17.2%	28.4%	1.40	–	125 MNOK
130	SCAN TECH AS	medium	64	7.8%	80.9%	1.92	–	228 MNOK
131	HAUKAAS CONSULTING AS	small	63	54.0%	53.3%	0.69	–	4 MNOK
132	EQUINOR E&P AMERICAS AS	large	63	–	99.2%	126.00	–	–
133	FLOWPARTNER AS	small	63	6.6%	60.3%	2.48	–	26 MNOK
134	SUBSEA 7 HOLDING NORWAY AS	large	63	–	81.1%	4.56	–	–
135	SUB SEA SERVICES AS	medium	63	18.5%	30.6%	1.27	–	323 MNOK
136	BILFINGER ISP OFFSHORE NORWAY AS	large	62	6.7%	80.4%	1.09	–	1,924 MNOK
137	PANDION ENERGY HOLDING AS	–	62	–	100.0%	740.33	–	–
138	SOUTH EAST MARINE AS	small	62	–	76.7%	–	–	–
139	HAVILA SUBSEA MANAGEMENT AS	small	62	11.2%	66.8%	1.82	–	36 MNOK
140	HARBOUR ENERGY NORGE AS	–	62	63.5%	23.9%	1.84	–	–
141	FC WELL INVEST AS	medium	62	99.2%	89.4%	1.02	–	130 MNOK
142	SCANA HOLDING AS	medium	62	–	100.0%	53.32	–	–
143	PETRICA AS	small	62	–	99.8%	515.49	–	–
144	INTERWELL HOLDING 2 AS	large	62	–	84.1%	1.00	–	–
145	KELLOGG BROWN & ROOT (NORWAY) AS 2025 missing	small	61	10.0%	86.4%	7.38	–	2 MNOK
146	EQUINOR ENERGY AS	–	61	74.6%	36.1%	1.00	–	–
147	STATOIL IRAN AS	small	61	–	82.6%	6.05	–	–
148	E PLUG AS	medium	61	13.5%	47.8%	1.02	–	170 MNOK
149	EQUINOR LNG SHIP HOLDING AS	medium	61	–	99.8%	44.51	–	–
150	ALTUS INTERVENTION AS 2025 missing	large	61	10.1%	67.7%	1.53	10.5%	1,304 MNOK
151	INTERWELL HOLDING 1 AS	large	61	–	83.8%	1.00	–	–
152	ASSET INTEGRITY AS	small	61	11.5%	52.4%	2.03	–	17 MNOK
153	RAVEN INVEST AS	small	61	30.8%	61.2%	0.07	–	1 MNOK
154	MORE HOLDCO APPLY AS	small	61	−2.1%	52.4%	4.16	–	8 MNOK
155	TECHDOF BRASIL AS	–	60	51.1%	36.4%	1.36	–	–
156	JOHANNES ØSTENSJØ DY AS	small	60	−546.1%	96.2%	2.67	–	1 MNOK
157	CAKN HOLDING AS	small	60	–	51.1%	1.21	–	–
158	SUPERIOR ENERGY SERVICES (NORWAY) AS	small	60	18.8%	75.9%	4.15	–	17 MNOK
159	WELLPARTNER HOLDING AS	small	60	–	99.1%	3.75	–	–
160	KIMEK OFFSHORE AS	small	60	9.5%	50.0%	1.67	–	26 MNOK
161	IKM TESTING AS	large	60	14.3%	32.3%	1.18	–	1,767 MNOK
162	IZOMAX AS	medium	59	34.1%	42.4%	0.83	–	147 MNOK
163	AFP AS	–	59	–	96.1%	24.71	–	–
164	DOLPHIN DRILLING AS	small	59	−0.3%	92.5%	52.11	–	10 MNOK
165	PARTNERS GROUP SWAN HOLDING AS	large	59	–	62.5%	1.42	–	–
166	SAIPEM NORGE AS	small	59	7.9%	53.2%	2.14	–	57 MNOK
167	MYRHAUG MARINE AS	small	59	3.5%	59.8%	2.35	–	8 MNOK
168	DOF OFFSHORE HOLDING AS	small	59	–	100.0%	–	–	0 MNOK
169	KJEL OG BRENNERSERVICE AS	small	59	−10.9%	89.1%	8.20	–	1 MNOK
170	CONNECTOR SUBSEA SOLUTIONS AS	medium	59	10.0%	37.8%	1.13	–	238 MNOK
171	HAVILA SUBSEA AS	small	59	73.3%	59.6%	0.98	–	85 MNOK
172	SEA1 OFFSHORE INVEST AS	small	59	−1.3%	75.9%	3.07	–	92 MNOK
173	RIG PARTNER PROJECT AS	small	59	22.3%	35.0%	1.53	–	7 MNOK
174	IBEX AS	small	59	−33.8%	84.9%	0.52	–	0 MNOK
175	BEERENBERG HOLDING AS	medium	59	–	100.0%	–	–	–
176	DOLPHIN DRILLING OPERATIONS AS	small	59	2.8%	71.3%	3.65	–	48 MNOK
177	PETROLIA AS	–	59	–	81.0%	163.44	–	–
178	SEA1 OFFSHORE REDERI AS	–	58	81.6%	44.6%	0.73	–	–
179	ONLINE ENGINEERING AS	small	58	–	100.0%	–	–	–
180	DIATEK AS	small	58	−20.9%	95.2%	17.43	–	0 MNOK
181	SOLSTAD BRASIL AS	small	58	–	99.8%	8.68	–	–
182	DF GROUP AS	small	58	–	30.3%	1.13	–	0 MNOK
183	ONSITE TREATMENT SERVICES AS	small	58	10.7%	51.7%	1.64	–	81 MNOK
184	OTECH MARINE SERVICES NORWAY AS	small	58	15.2%	41.7%	1.16	–	48 MNOK
185	WELL ID AS	small	58	14.3%	43.5%	1.50	–	35 MNOK
186	KVENNA AS	medium	57	11.7%	30.9%	1.45	–	116 MNOK
187	NYNAS AS	small	57	12.6%	83.2%	1.05	–	36 MNOK
188	INDEPENDENT OIL TOOLS AS	medium	57	27.9%	42.8%	1.39	–	172 MNOK
189	PETROMARIN HOLDING AS	small	57	−26.9%	89.3%	8.34	–	7 MNOK
190	ARENDAL SPIRIT AS	small	57	–	98.1%	53.59	–	–
191	EQUINOR ENERGY INTERNATIONAL AS	large	57	–	99.8%	7.15	–	–
192	JANSEN INVEST AS	small	57	–	89.2%	2.42	–	–
193	PERENCO VIETNAM AS	–	57	77.4%	26.5%	0.85	–	–
194	ODFJELL INVEST AS	large	57	3.9%	30.5%	1.44	–	2,025 MNOK
195	EQUINOR DEZASSETE AS	large	57	70.6%	18.0%	1.01	–	6,021 MNOK
196	SKILBREI PETEK AS	small	57	–	65.6%	9.84	–	0 MNOK
197	INGINEERING AS	small	56	−576.3%	99.4%	177.62	–	0 MNOK
198	HAVILA SUBSEA CREWING AS	small	56	6.6%	61.6%	2.61	–	2 MNOK
199	EQUINOR RUSSIA ENERGY AS	small	56	−107.9%	99.6%	225.21	–	34 MNOK
200	MANGERUD AS	small	56	34.1%	23.3%	1.23	–	3 MNOK
201	RUTINE INVEST AS	small	56	–	100.0%	–	–	–
202	ARNE STANG INVEST AS	small	56	−1,167.1%	80.8%	18.82	–	0 MNOK
203	WEST SUPPLY III AS	medium	56	26.8%	64.6%	1.46	–	222 MNOK
204	WEST SUPPLY VII DRIFT AS	small	56	3.1%	65.8%	2.91	–	23 MNOK
205	EQUINOR ANGOLA BLOCK 15 AS	large	56	67.3%	31.3%	1.15	–	2,634 MNOK
206	ON & OFFSHORE HOLDING AS	small	56	–	67.1%	0.60	–	–
207	EQUINOR CHINA AS	small	56	–	99.3%	148.68	–	–
208	GOGC ENERGY NORWAY AS	small	55	–	100.0%	–	–	0 MNOK
209	SCANWELL AS	small	55	1.9%	52.2%	1.52	–	38 MNOK
210	EQUINOR ASA	–	55	14.7%	36.3%	1.13	–	–
211	ATDL AS	–	55	–	98.9%	9.53	–	–
212	YOUNG EXPLORATION AS	small	55	–	4.9%	6.22	–	0 MNOK
213	KOKSTAD CHARTERING AS	small	55	–	11.7%	1.07	–	–
214	EQUINOR ANGOLA BLOCK 31 AS	large	55	65.4%	19.9%	1.04	–	2,320 MNOK
215	NORTERMINAL FLOATING STORAGE AS	small	55	93.9%	33.1%	1.50	–	1 MNOK
216	AKOFS OFFSHORE AS	–	55	–	82.1%	21.64	–	–
217	FOURPHASE AS	medium	55	−0.7%	64.4%	1.51	–	167 MNOK
218	TECNOR AS	small	55	20.3%	27.0%	1.37	–	1 MNOK
219	EQUINOR MIDSTREAM & TRADING AS	medium	55	–	100.0%	216.74	–	–
220	PSW SOLUTIONS AS	small	55	24.2%	21.3%	1.17	–	87 MNOK
221	NYE FJELLBERG EIENDOM AS	small	55	32.6%	7.8%	6.71	–	1 MNOK
222	BENGT ARE WÅGHEIM HOLDING AS	small	55	5.1%	46.9%	1.48	–	2 MNOK
223	EQUINOR ANGOLA BLOCK 40 AS	small	54	–	83.8%	6.17	–	–
224	EQUINOR ANGOLA BLOCK 17 AS	large	54	68.4%	17.7%	1.00	–	8,051 MNOK
225	EQUINOR VENTURES AS	small	54	−931.2%	99.0%	38.31	–	29 MNOK
226	GRAND CANYON 3 AS	medium	54	–	84.6%	29.89	–	–
227	KAEFER ENERGY AS	large	54	5.4%	28.4%	1.21	–	2,393 MNOK
228	OLYMPIC ARTEMIS AS	small	54	70.2%	12.3%	1.47	–	88 MNOK
229	APC AS	small	54	–	103.1%	–	–	0 MNOK
230	FORCE TECHNOLOGY NORWAY AS	medium	54	2.4%	52.9%	1.64	–	235 MNOK
231	OLYMPIC SUBSEA ASA	medium	54	–	51.4%	0.80	–	–
232	GIGGS OIL AND GAS SERVICES AS	small	54	96.5%	44.0%	0.21	–	0 MNOK
233	BOSKALIS OFFSHORE AS	–	54	3.5%	58.9%	2.43	–	–
234	GLOBAL GEO SERVICES AS	small	54	–	98.6%	65.84	–	–
235	NORSKAN AS	medium	53	–	75.0%	2.90	–	0 MNOK
236	IQI CERTIFICATION AS	small	53	3.8%	42.4%	1.41	–	1 MNOK
237	NORTH ATLANTIC AS	medium	53	8.0%	50.9%	0.26	–	128 MNOK
238	OLYMPIC SERVICES AS	small	53	–	51.5%	0.00	–	–
239	H&P DRILLING NORGE AS	large	53	3.3%	35.6%	1.52	–	1,958 MNOK
240	KANFA AS	medium	53	3.2%	28.3%	1.45	–	553 MNOK
241	MOHN DRILLING AS	medium	53	21.8%	13.0%	1.20	–	180 MNOK
242	DNO ASA	–	53	−73.6%	50.7%	2.70	–	–
243	INDUSTRIDYKK AS	small	53	10.3%	21.6%	1.53	–	23 MNOK
244	IKM AQUAMARINE AS	medium	52	10.8%	27.3%	1.28	–	131 MNOK
245	ALTERA INFRASTRUCTURE CREWING AS	small	52	4.3%	36.0%	1.56	–	72 MNOK
246	AKER BP ASA	–	52	65.8%	31.7%	0.95	–	–
247	PANORO TUNISIA PRODUCTION AS	–	52	–	46.7%	0.36	–	–
248	NORWEGIAN GREEN ENERGY AS	small	52	–	100.0%	–	–	0 MNOK
249	EQUINOR TANZANIA AS	medium	52	–	95.7%	22.85	–	–
250	ROCKWOOD CONSULTING AS	small	52	34.2%	10.0%	1.11	–	2 MNOK
251	E INNOVATION NORGE AS	small	52	39.1%	15.5%	0.91	–	47 MNOK
252	ENHANCED DRILLING HOLDING AS	large	52	–	63.2%	–	–	0 MNOK
253	PETRONOR AS 2025 missing	small	52	5.9%	12.7%	1.29	3.8%	2 MNOK
254	SCORE AS	medium	52	−0.5%	57.9%	1.50	–	151 MNOK
255	NORWEGIAN WELL CONTROL AS	small	51	–	83.1%	5.93	–	0 MNOK
256	J PERCY AS	small	51	−237.5%	63.4%	1.63	–	0 MNOK
257	APL NORWAY AS	–	51	10.4%	57.3%	1.56	–	–
258	PETROLIA INVEST AS	–	51	–	87.2%	7.83	–	–
259	ORLEN UPSTREAM NORWAY AS	large	51	53.2%	24.1%	0.58	–	22,140 MNOK
260	OLYMPIC ARES AS	small	51	47.6%	23.6%	1.96	–	99 MNOK
261	DF PROPERTIES AS	small	51	–	100.0%	–	–	0 MNOK
262	VERTECH OFFSHORE AS	small	51	27.2%	7.9%	1.47	–	75 MNOK
263	NORTH SEA INFRASTRUCTURE AS	medium	51	42.8%	20.7%	0.53	–	654 MNOK
264	ALLOCEAN AS	small	51	–	100.0%	–	–	0 MNOK
265	KOLBEINSVARDEN AS	small	51	−4.4%	44.2%	2.09	–	6 MNOK
266	EQUINOR ANGOLA AS	small	51	−178.0%	95.6%	14.53	–	8 MNOK
267	OCEAN INSTALLER AS	large	51	16.1%	24.1%	1.94	–	1,670 MNOK
268	OLYMPIC CREWING AS	medium	51	3.2%	20.3%	1.13	–	344 MNOK
269	REPSOL PERPETUAL NORGE AS	small	51	–	98.5%	65.33	–	–
270	GRAND CANYON 2 AS	small	50	–	63.6%	7.84	–	–
271	REM SALTIRE INTERNATIONAL AS	small	50	–	100.0%	–	–	–
272	OCEANEERING AS	large	50	9.8%	68.7%	0.98	–	1,719 MNOK
273	OLYMPIC DELTA AS	small	50	53.4%	39.6%	0.70	–	59 MNOK
274	REPSOL NORGE AS	large	50	45.8%	8.2%	1.26	–	8,157 MNOK
275	GC RIEBER SHIPPING AS	small	50	−18.8%	85.6%	14.24	–	26 MNOK
276	TENDEKA AS	–	50	7.7%	25.4%	1.38	–	–
277	JWS GRUPPEN AS	small	49	−4.0%	65.8%	1.13	–	12 MNOK
278	M VEST INVEST AS	small	49	–	7.8%	–	–	–
279	STOLT-NIELSEN HOLDING AS	medium	49	–	13.6%	4.58	–	–
280	NORTH SEA SHIPPING HOLDING AS	small	49	−857.5%	43.6%	2.56	–	2 MNOK
281	EQUINOR ANGOLA BLOCK 25 AS	small	49	–	68.7%	3.20	–	–
282	KNUTSEN NEW ENERGY AS	small	49	–	99.8%	0.13	–	–
283	SUBSEAPARTNER AS	medium	49	15.1%	24.2%	1.33	–	145 MNOK
284	JERAN HOLDING AS	small	49	–	96.6%	0.52	–	0 MNOK
285	NOBLE INTREPID OPERATIONS AS 2025 missing	small	49	−5.8%	46.9%	1.75	−98.7%	12 MNOK
286	NOS RENTAL AS	small	49	8.0%	29.1%	1.30	–	37 MNOK
287	SEA1 OFFSHORE AS	medium	49	−7.1%	43.1%	1.67	–	132 MNOK
288	FISHFINDER AS	small	49	–	89.4%	1.46	–	–
289	ENHANCED WELL TECHNOLOGIES GROUP AS	medium	48	–	100.0%	–	–	–
290	TASIK TOBA SUBSEA AS	medium	48	34.2%	−2.9%	2.99	–	115 MNOK
291	EQUINOR BTC FINANCE AS	medium	48	–	49.3%	1.12	–	–
292	MARDAHL INVEST AS	small	48	–	94.3%	1.50	–	0 MNOK
293	ARCHER VERTIKAL AS	medium	48	15.7%	9.1%	1.11	–	220 MNOK
294	JACKTEL AS	–	48	16.3%	49.5%	1.94	–	–
295	DEEP CYGNUS OPERATION AS	medium	48	0.4%	33.3%	1.50	–	162 MNOK
296	ARCHER AS	large	48	5.4%	23.5%	1.07	–	5,857 MNOK
297	BEERENBERG SERVICES AS	large	47	5.9%	29.4%	0.94	–	2,136 MNOK
298	EQUINOR ALGERIA AS	small	47	–	92.4%	12.55	–	–
299	RAMCO NORWAY AS	medium	47	12.4%	10.7%	1.02	–	191 MNOK
300	NINE DOWNHOLE NORWAY AS	small	47	9.8%	18.3%	1.19	–	76 MNOK
301	SOLSTAD OPERATIONS HOLDING AS	small	47	–	93.3%	1.56	–	–
302	OMEGA SUBSEA AS	medium	47	10.7%	17.6%	0.98	–	390 MNOK
303	TOOLSERV AS	small	47	5.1%	31.6%	1.22	–	98 MNOK
304	DIESEL CARE AS	small	47	12.6%	9.2%	2.29	–	7 MNOK
305	PHRONTESEAS AS	small	47	−2.0%	24.6%	1.22	–	65 MNOK
306	CK DRIFT AS	small	47	16.2%	12.9%	1.04	–	2 MNOK
307	ISLAND OFFSHORE MANAGEMENT AS	medium	47	−0.9%	50.4%	0.96	–	649 MNOK
308	ON & OFFSHORE SERVICES AS	medium	46	8.1%	19.7%	1.19	–	202 MNOK
309	OCEAN INSTALLER II AS	large	46	–	54.0%	0.92	–	0 MNOK
310	OLYMPIC OPERATION AS	medium	46	3.4%	13.1%	1.15	–	266 MNOK
311	OCEAN INSTALLER HOLDING AS	medium	46	–	72.6%	0.59	–	0 MNOK
312	PROPROC AS	small	46	23.9%	2.1%	1.02	–	4 MNOK
313	PANDION ENERGY AS	–	46	51.0%	17.5%	0.86	–	–
314	THREE60 ENERGY NORWAY AS	medium	46	3.6%	21.3%	1.10	–	599 MNOK
315	DEEP C SOLUTIONS AS	small	46	7.9%	17.6%	1.05	–	40 MNOK
316	INEOS E&P NORGE AS	medium	46	99.6%	9.4%	1.10	–	209 MNOK
317	SPIRIT NORWAY HOLDING AS	large	46	–	77.4%	3.61	–	–
318	JANSEN OG WILLUMSEN SERVICES AS	small	46	1.2%	38.5%	1.60	–	74 MNOK
319	REM SALTIRE HOLDING AS	small	46	53.8%	22.4%	0.85	–	0 MNOK
320	IKM SUBSEA HOLDING AS	medium	45	–	50.8%	134.33	–	–
321	OPTIME SUBSEA AS 2025 missing	medium	45	10.1%	20.5%	0.61	169.3%	412 MNOK
322	AKER SOLUTIONS ASA	small	45	−112.2%	43.9%	0.92	–	41 MNOK
323	VÅR ENERGI ASA	–	45	51.3%	9.2%	0.78	–	–
324	IKM GRUPPEN AS	small	45	−27.5%	60.9%	0.57	–	73 MNOK
325	A/S Norske Shell	large	45	59.9%	3.9%	1.06	–	38,843 MNOK
326	REX GEO SOLUTION AS	small	44	9.0%	18.8%	1.15	–	1 MNOK
327	ALLSEAS NORWAY AS	large	44	1.7%	20.4%	1.26	–	1,114 MNOK
328	WAVZ ENGINEERING SERVICES AS	small	44	−0.8%	40.8%	1.69	–	2 MNOK
329	TOTALENERGIES EP NORGE AS	large	44	76.0%	7.3%	0.82	–	72,901 MNOK
330	HAVILA HARMONY AS	small	44	138.6%	−152.4%	1.23	–	33 MNOK
331	EQUINOR ANGOLA BLOCK 1/14 AS	medium	44	–	89.4%	8.88	–	–
332	OLYMPIC TRITON II AS	small	44	48.6%	6.8%	0.69	–	61 MNOK
333	BRIGHTSKIES GEOSCIENCE AS	small	44	–	100.0%	–	–	–
334	OLYMPIC TAURUS AS	small	44	59.7%	−1.1%	1.39	–	73 MNOK
335	BAKER HUGHES NORGE AS 2025 missing	large	44	−3.4%	54.1%	1.37	14.7%	4,170 MNOK
336	EQUINOR ANGOLA BLOCK 31/21 AS	small	44	–	77.8%	4.51	–	–
337	NORMAND SUPERIOR AS	small	44	62.8%	18.5%	0.26	–	40 MNOK
338	DEEPOCEAN CORPORATE AS	small	44	–	100.0%	–	–	–
339	ALFA NORDIC SERVICES AS	small	43	−2.7%	48.9%	1.91	–	55 MNOK
340	SEA1 OFFSHORE CREW AS	medium	43	4.4%	20.9%	1.26	–	278 MNOK
341	NOBLE INTEGRATOR OPERATIONS AS 2025 missing	medium	43	3.1%	14.3%	1.10	15.0%	619 MNOK
342	ATTICA EXPLORATION AS	medium	43	–	99.2%	1.15	–	–
343	RIDGE HOLDING AS	medium	43	–	81.2%	0.08	–	–
344	CACTUS INTERNATIONAL AS 2025 missing	small	43	–	48.8%	0.00	–	–
345	TRADE TECH AS	small	43	4.3%	17.5%	1.20	–	40 MNOK
346	AXTECH AS	medium	43	0.2%	31.0%	1.23	–	437 MNOK
347	DOF SUBSEA AS	medium	43	−27.6%	44.7%	1.35	–	127 MNOK
348	DNO NORGE AS	–	43	55.1%	6.2%	0.55	–	–
349	ODIN DIVING NORGE AS	small	42	60.3%	6.9%	0.25	–	0 MNOK
350	NORAM DRILLING AS	–	42	−880.9%	90.1%	0.00	–	–
351	DNO TECHNICAL SERVICES AS	–	42	−0.6%	45.2%	5.38	–	–
352	PARTNERS GROUP SWAN TRANSPORTATION AS	large	42	–	99.3%	0.32	–	–
353	SCANA ASA	small	42	−119.5%	66.7%	0.50	–	24 MNOK
354	STATOIL SP GAS AS	medium	42	–	26.9%	127.08	–	–
355	HUNTING ENERGY SERVICES (NORWAY) AS	small	42	−18.2%	71.2%	2.15	–	29 MNOK
356	SPIRIT ENERGY NORWAY AS	small	42	99.7%	7.1%	1.08	–	44 MNOK
357	WELL INTERCEPT AS	small	42	15.8%	17.4%	0.58	–	3 MNOK
358	ARCHER OILTOOLS AS	medium	42	8.1%	8.2%	1.74	–	855 MNOK
359	CRYSTAL PRODUCTION AS	small	42	–	93.5%	2.92	–	–
360	OLYMPIC CREW MANAGEMENT AS	small	42	3.6%	0.9%	1.01	–	65 MNOK
361	ODFJELL TECHNOLOGY AS	medium	42	2.6%	33.1%	0.72	–	517 MNOK
362	SEADRILL OFFSHORE AS 2025 missing	–	41	−280.4%	79.4%	2.63	−84.1%	–
363	ABILITY HOLDING AS	small	41	–	65.1%	0.20	–	–
364	GHANA FPSO OPERATIONS AS	–	41	3.8%	4.7%	0.97	–	–
365	OMV NORGE AS	large	41	63.9%	6.6%	0.89	–	23,399 MNOK
366	MACRO OFFSHORE AS	–	40	–	93.2%	0.12	–	–
367	ODFJELL INVEST II AS	large	40	3.0%	14.7%	1.17	–	1,348 MNOK
368	HAVILA PHOENIX AS	small	40	264.9%	−5.3%	0.41	–	56 MNOK
369	DOF GROUP ASA	small	40	−80.0%	83.5%	0.04	–	30 MNOK
370	OLYMPIC SUBSEA SHIPHOLDING AS	medium	40	–	77.2%	1.00	–	–
371	PIRANEMA PRODUCTION AS	small	40	12.4%	9.2%	1.10	–	46 MNOK
372	DEEP SEA DRILLING COMPANY I AS	small	40	5.1%	6.5%	1.07	–	69 MNOK
373	HAVILA SUBSEA & RENEWABLES AS	small	40	−4,078.5%	34.9%	2.24	–	0 MNOK
374	MODI VIVENDI AS	small	40	–	−360.2%	12.30	–	0 MNOK
375	SAGA OFFSHORE PARTNERS AS	small	40	−2.0%	39.6%	1.18	–	9 MNOK
376	IKM AS	small	39	–	100.0%	–	–	0 MNOK
377	OLYMPIC ELECTRA AS	small	39	89.9%	−64.9%	0.39	–	42 MNOK
378	SAFETY LEADERS AS	small	39	–	100.0%	–	–	0 MNOK
379	PETROLEUM GEO-TECHNOLOGY AS	small	39	–	74.3%	0.52	–	0 MNOK
380	IK GROUP AS	small	39	−23.7%	19.2%	0.70	–	1 MNOK
381	DEEPOCEAN MARITIME AS	small	39	–	84.3%	7.80	–	–
382	STATHOLDING AS	large	39	–	27.6%	1.38	–	–
383	PETROLINK SUPPORT AS	small	38	−1.4%	19.5%	1.24	–	1 MNOK
384	ISLAND DRILLING COMPANY AS	–	38	142.9%	−5.0%	0.19	–	–
385	LOGE RESOURCES AS	small	38	0.9%	23.7%	0.87	–	2 MNOK
386	APPLY AS	large	38	4.7%	22.0%	0.92	–	3,144 MNOK
387	TIOS CREWING AS	small	38	−4.6%	40.3%	1.68	–	65 MNOK
388	DEEP SEA DRILLING COMPANY AS	large	38	3.5%	10.9%	1.12	–	1,773 MNOK
389	SEA1 OFFSHORE MARITIME PERSONNEL AS	medium	38	4.7%	13.3%	1.15	–	331 MNOK
390	ENHANCED WELL TECHNOLOGIES AS	medium	37	–	60.6%	0.09	–	–
391	RM CONSULTANTS AS	small	37	–	12.6%	0.78	–	–
392	EQUINOR ANGOLA BLOCK 29 AS	small	37	–	70.9%	2.72	–	–
393	S-ENERGY AS	small	37	1.6%	8.6%	1.09	–	2 MNOK
394	DF RENTAL AS	small	37	36.4%	7.1%	0.56	–	40 MNOK
395	CONOCOPHILLIPS SKANDINAVIA AS	large	37	56.2%	4.7%	0.60	–	40,463 MNOK
396	GRAND CANYON OPERATION 3 AS	medium	37	1.4%	14.2%	1.16	–	164 MNOK
397	OZ MIDCO AS 2025 missing	large	37	–	97.6%	0.00	–	–
398	DOF SUBSEA CHARTERING AS	medium	37	9.1%	8.1%	1.12	–	427 MNOK
399	HAVILA MARITIME DIS I AS	small	37	21.8%	0.0%	0.37	–	36 MNOK
400	GULLHEIM HOLDING AS	medium	36	–	48.7%	0.94	–	0 MNOK
401	NAMTVEDT -SEALMAKER SERVICES AS	small	36	6.3%	−22.9%	1.68	–	14 MNOK
402	LU CAP AS	small	36	−1.2%	8.1%	1.05	–	3 MNOK
403	HAVILA SUBSEA & RENEWABLES HOLDING AS	medium	36	–	99.5%	0.02	–	–
404	MOORE ENERGY AS	small	36	−9.4%	44.2%	1.34	–	1 MNOK
405	WOOD GROUP NORWAY AS	large	36	3.4%	11.5%	1.14	–	3,358 MNOK
406	EQUINOR ENERGY LIBYA AS	medium	36	–	21.1%	2.39	–	–
407	KMNOR AS	small	36	–	−3,697.1%	0.00	–	–
408	PSW TECHNOLOGY AS	medium	36	1.2%	16.7%	0.72	–	675 MNOK
409	SOLSTAD MEXICO AS	–	36	–	12.0%	1.00	–	–
410	EQUINOR ARGENTINA AS	large	36	–	85.5%	0.69	–	–
411	SHELF DRILLING (NORWAY) AS 2025 missing	small	35	6.8%	1.9%	1.01	–	4 MNOK
412	AKASTOR ASA	small	35	−355.6%	78.5%	0.15	–	9 MNOK
413	CABRAL AS	small	35	0.3%	13.9%	1.16	–	1 MNOK
414	OLYMPIC OFFSHORE AS	medium	35	–	51.1%	0.62	–	–
415	WELLTEC OILFIELD SERVICES (NORWAY) AS	medium	35	5.6%	3.9%	0.99	–	825 MNOK
416	PETROLIA RIGS AS	–	35	–	60.7%	0.04	–	–
417	DOF SUBSEA REDERI III AS	medium	35	87.0%	−47.0%	0.50	–	477 MNOK
418	NORTH SEA OFFSHORE AS	small	35	0.9%	3.7%	1.03	–	59 MNOK
419	M VEST ENERGY AS	medium	34	33.4%	−5.6%	0.96	–	785 MNOK
420	BIRAL LUBRICANTS NORWAY AS	small	34	−2.1%	35.9%	1.39	–	2 MNOK
421	GEO CASPIAN AS	medium	34	–	−9.1%	0.05	–	–
422	SFAX PETROLEUM CORPORATION AS	–	34	–	53.3%	0.84	–	–
423	NOV PROCESS & FLOW TECHNOLOGIES AS	large	34	4.7%	21.0%	0.99	–	1,373 MNOK
424	TWMA NORGE AS	small	34	−8.5%	35.8%	1.51	–	27 MNOK
425	EQUINOR LIBYA AS	small	33	−155.6%	52.7%	2.09	–	13 MNOK
426	RAMCO HOLDINGS NORWAY AS	medium	33	–	26.6%	0.12	–	–
427	VOLANTIS OPERATION AS	small	33	1.2%	−16.7%	2.63	–	83 MNOK
428	PETORO AS	medium	33	−1.8%	9.4%	2.40	–	305 MNOK
429	GRAND CANYON OPERATION 2 AS	medium	33	0.8%	6.1%	1.54	–	168 MNOK
430	DELMAR SYSTEMS AS	medium	33	5.6%	8.4%	0.92	–	213 MNOK
431	TRANSOCEAN NORWAY OPERATIONS AS	–	32	5.5%	3.6%	1.08	–	–
432	IKM FLUID TREATMENT SOLUTIONS AS	small	32	−5.4%	19.9%	1.58	–	56 MNOK
433	ODFJELL WELL SERVICES NORWAY AS	medium	32	4.4%	7.4%	1.06	–	917 MNOK
434	HAVILA SUBCON AS	small	32	75.5%	−85.6%	0.27	–	29 MNOK
435	HAVILA CHARTERING AS	small	32	17.6%	−227.7%	0.31	–	100 MNOK
436	GINA KROG AS	medium	32	3.1%	11.0%	1.12	–	447 MNOK
437	HYPERNOR AS	small	32	−1,606.8%	1.6%	691.20	–	0 MNOK
438	DEEP SEA MANAGEMENT INTERNATIONAL AS	–	31	1.2%	3.8%	1.04	–	–
439	ALTERA INFRASTRUCTURE PRODUCTION AS	medium	31	9.1%	7.5%	1.05	–	427 MNOK
440	NORTHERN OCEAN WIND AS	small	31	–	1.4%	1.01	–	0 MNOK
441	SOLSTAD SUPERIOR AS	medium	31	9.3%	7.8%	0.61	–	105 MNOK
442	IOSOLUTIONS AS	small	31	9.1%	−256.7%	0.69	–	3 MNOK
443	PETRODATA AS	small	31	−8.0%	40.4%	1.00	–	0 MNOK
444	SOLSTAD CONSTRUCTION AS	medium	31	78.4%	−6.8%	0.27	–	210 MNOK
445	NORTHERN OCEAN WAVE AS	small	31	–	1.0%	1.01	–	0 MNOK
446	IO ULSTEINVIK AS	small	31	0.0%	2.1%	1.02	–	47 MNOK
447	ALTERA KNARR AS	small	31	−116.5%	13.3%	1.15	–	11 MNOK
448	SONGA OFFSHORE RIG 3 AS	–	30	15.0%	−250.8%	0.23	–	–
449	ATLANTIC OFFSHORE ALPHA AS	small	30	−38.4%	13.8%	4.49	–	45 MNOK
450	SUBSEA INSULATION AS	small	30	3.1%	−31.3%	1.10	–	9 MNOK
451	SAIPEM DRILLING NORWAY AS	–	30	19.5%	5.1%	0.10	–	–
452	ARCHER NORGE AS	medium	30	4.3%	23.0%	0.92	–	788 MNOK
453	CONCEDO AS	medium	30	–	38.6%	1.59	–	–
454	OMEGA WELL INTERVENTION AS	small	30	−69.2%	23.7%	21.67	–	1 MNOK
455	NORTH SEA SHIPPING AS	medium	30	1.1%	16.7%	0.96	–	260 MNOK
456	STATOIL ZAGROS OIL AND GAS AS	small	30	–	−158.8%	12.78	–	–
457	AKOFS OFFSHORE OPERATIONS AS	small	30	0.7%	−43.3%	2.05	–	85 MNOK
458	LINJEBYGG AS	large	29	3.9%	11.0%	0.99	–	1,221 MNOK
459	DEEPOCEAN AS	large	29	5.9%	17.4%	0.62	–	4,827 MNOK
460	EQUINOR REFINING NORWAY AS	large	29	−119.6%	34.0%	1.08	–	7,940 MNOK
461	NORMAND DRIFT AS	large	29	16.6%	3.8%	1.04	–	1,092 MNOK
462	NORDIC SUBSEA AS	small	29	−14.0%	23.9%	1.28	–	3 MNOK
463	EQUINOR NIGERIA AS	large	29	–	15.3%	1.18	–	–
464	LYNX OFFSHORE AS	small	28	–	32.8%	0.08	–	–
465	EQUINOR BTC CASPIAN AS	medium	28	–	33.4%	1.15	–	0 MNOK
466	DEEP SEA RIG AS	medium	28	2.5%	5.5%	1.06	–	891 MNOK
467	SCHLUMBERGER NORGE AS	large	27	9.7%	22.3%	0.59	–	10,289 MNOK
468	DEEP C HOLDING AS	small	27	–	0.5%	0.00	–	0 MNOK
469	M VEST AS	medium	27	–	−18.4%	132.79	–	–
470	MARDAHL INDUSTRI AS	small	27	−1.5%	2.8%	0.77	–	93 MNOK
471	VETCO GRAY SCANDINAVIA AS 2025 missing	large	27	−2.0%	19.3%	1.11	−10.3%	2,309 MNOK
472	NDT GLOBAL AS	small	27	−91.6%	14.4%	1.67	–	58 MNOK
473	INTERWELL AS	medium	27	−13.2%	22.1%	0.40	–	126 MNOK
474	IKM INDUSTRI-INVEST AS	small	27	–	33.8%	1.51	–	0 MNOK
475	H&P DRILLING OFFSHORE SERVICES AS	–	26	11.3%	−264.6%	0.27	–	–
476	AKOFS 2 AS	medium	26	−23.1%	36.2%	1.35	–	169 MNOK
477	ODFJELL WELL SERVICES AS	small	26	−1.9%	1.3%	0.98	–	78 MNOK
478	EXPRO NORWAY AS	–	26	100.0%	−74.7%	0.13	–	–
479	SAREPTA OIL AS	small	26	–	0.0%	1.00	–	–
480	SCMS HOLDING AS	small	26	–	1.1%	0.05	–	–
481	ONESUBSEA AS	large	25	8.4%	−12.6%	0.94	–	12,624 MNOK
482	H&P MODU OPERATIONS AS	large	25	−0.3%	8.7%	1.06	–	1,401 MNOK
483	BABYSHOP SENGEMAGASINET AS	small	25	−2.7%	−2.7%	1.72	–	7 MNOK
484	ODFJELL OPERATIONS AS	large	25	−2.0%	17.4%	1.24	–	1,090 MNOK
485	CONNECTOR DEEPWATER SOLUTIONS AS	small	25	–	4.9%	–	–	–
486	OKEA ASA	large	24	14.8%	3.9%	0.82	–	8,885 MNOK
487	NØSTE ENERGI AS 2025 missing	small	24	−23.5%	−39.9%	0.68	1,928.5%	6 MNOK
488	ARISONAS AS	small	24	–	−2.4%	–	–	–
489	NORTH SEA RIGS AS	small	24	−11.3%	15.5%	0.99	–	37 MNOK
490	JAPEX NORGE AS	small	24	−5,163.5%	27.6%	1.38	–	8 MNOK
491	NORTERMINAL RESPONSE AS	small	24	−8.4%	−821.3%	10.12	–	2 MNOK
492	ISLAND OFFSHORE CREWING AS	medium	24	−0.1%	7.6%	1.08	–	241 MNOK
493	BIOFUEL HOLDING AS	small	24	–	6.4%	–	–	–
494	HAVILA SERVICE AS	small	23	−0.8%	−12.9%	1.07	–	44 MNOK
495	NOBLE DRILLING (NORWAY) AS 2025 missing	medium	22	5.2%	−66.4%	0.58	−26.4%	634 MNOK
496	SOURCE ENERGY AS	medium	22	–	23.9%	1.17	–	0 MNOK
497	KISTOS ENERGY (NORWAY) AS	medium	22	−12.7%	4.9%	7.42	–	650 MNOK
498	OLYMPIC OPERATION II AS	small	22	−40.8%	−18,623.1%	0.01	–	14 MNOK
499	AKOFS NORWAY OPERATIONS AS	medium	21	−4.0%	21.5%	1.13	–	766 MNOK
500	SONGA OFFSHORE RIG 2 AS	–	21	−2.6%	2.6%	0.94	–	–
501	YMIR ENERGY AS	small	21	–	−3,999.4%	–	–	–
502	AKER SOLUTIONS AS	large	21	−0.6%	13.5%	1.04	–	34,263 MNOK
503	PETRO WELL SERVICES AS	small	21	−658.2%	18.0%	0.43	–	3 MNOK
504	IKM SUBSEA AS	medium	20	0.9%	10.5%	0.33	–	397 MNOK
505	CLAXTON ENGINEERING SERVICES AS	small	20	−58.8%	5.4%	1.04	–	61 MNOK
506	GENESIS ENERGIES NORWAY AS	small	20	−1.5%	−19.8%	0.83	–	45 MNOK
507	MEKJARVIK EIENDOM AS	small	20	–	1.5%	0.01	–	–
508	COSL NORWEGIAN AS	–	19	–	−78.3%	0.20	–	–
509	LIME PETROLEUM AS	large	19	2.8%	−0.1%	1.11	–	1,609 MNOK
510	DEEP SEA MANAGEMENT AS	large	19	0.7%	4.1%	1.04	–	2,480 MNOK
511	INEOS E&P (NORGE) PETROLEUM DK AS	–	18	–	−117.7%	2.63	–	–
512	NOBLE INVINCIBLE OPERATIONS AS 2025 missing	medium	18	1.7%	3.6%	0.92	–	923 MNOK
513	SANDEX AS	small	18	–	−132.8%	0.24	–	–
514	S-N TERMINAL AS	small	18	–	−19.8%	–	–	–
515	GASSCO AS	large	18	–	0.8%	1.06	–	0 MNOK
516	JETT TECHNOLOGIES AS	small	17	−10.7%	−42.2%	0.76	–	3 MNOK
517	ISLAND DRILLING CREWING AS	medium	16	0.0%	0.0%	1.00	–	164 MNOK
518	EQUINOR NORSK LNG AS	large	16	–	8.6%	1.00	–	–
519	ORG ENGINEERING AS	small	16	–	−219.3%	0.31	–	0 MNOK
520	ÅLESUND SUBSEA AS	small	15	−2.7%	−74.7%	0.57	–	1 MNOK
521	SAND & DEBRI CLEANUP AS	small	15	–	−3.5%	0.02	–	0 MNOK
522	RIG LINUS CONTRACTOR AS	–	15	−5.4%	−9.9%	0.88	–	–
523	GLOBAL ENERGY SOLUTIONS AS	small	14	–	−30,873.3%	0.00	–	0 MNOK
524	LANGE RIGGPART AS	small	14	–	−194.3%	0.03	–	–
525	SF-GASS AS	small	14	–	−315.3%	–	–	–
526	MARITIM NORGE AS	small	14	−6.3%	−108.4%	0.47	–	1 MNOK
527	CAPPELEN OFFSHORE SERVICES AS	small	14	–	−79.0%	0.56	–	–
528	PETROLIA NOCO AS	small	13	−938.4%	−0.3%	0.45	–	10 MNOK
529	SELNES GEOSCIENCE CONSULTING AS	small	13	−8.9%	−47.7%	0.68	–	1 MNOK
530	BISN NORWAY AS	small	13	–	−62.5%	0.62	–	–
531	ENIFLUX AS	small	12	−52.4%	−170.3%	0.85	–	1 MNOK
532	TRANSOCEAN BARENTS ASA	–	12	−90.1%	5.2%	0.25	–	–
533	RIGHT VIKING AS	small	12	–	−14.4%	–	–	–
534	PETROJARL I PRODUCTION AS	medium	11	−29.5%	7.6%	1.08	–	793 MNOK
535	DET NORDNORSKE OLJESELSKAP AS	small	11	−139.3%	−38.2%	0.98	–	0 MNOK
536	AKOFS BRAZIL OPERATIONS AS	small	11	–	0.0%	0.00	–	–
537	SLB KRISTIANSAND AS	medium	10	−12.5%	2.4%	0.95	–	606 MNOK
538	VGV WELL SOLUTIONS AS	small	10	–	−43.4%	0.70	–	–
539	GEO CASPIAN OPERATION AS	small	10	–	−120.5%	0.07	–	–
540	AVIUM SUBSEA AS	–	9	−49.6%	−50.9%	0.16	–	–
541	OFFSHORE RESOURCE GROUP AS	small	9	−87.9%	−164.2%	0.37	–	6 MNOK
542	VESTERVIND CONTRACTORS AS	small	8	–	−106.6%	0.48	–	0 MNOK
543	PANORO TUNISIA EXPLORATION AS	–	8	–	−138.1%	0.24	–	–
544	TDW OFFSHORE SERVICES AS	medium	7	−8.1%	2.6%	0.67	–	147 MNOK
545	ENVIROFUELS AS 2025 missing	small	7	−33,893,450.0%	−14.5%	0.55	−100.0%	0 MNOK
546	SEA1 OFFSHORE OSCV AS	–	7	–	−53.5%	0.65	–	–
547	PETRICA INVEST AS	small	7	–	−9,094.5%	0.94	–	–
548	LINJEBYGG NORWAY AS	medium	6	–	−34.3%	0.03	–	–
549	PRIMARY SOLUTIONS AS	small	6	−339.5%	−312.7%	0.12	–	0 MNOK
550	OLD KVÆRNER INVEST AS	small	6	–	−1,606.8%	0.88	–	–
551	CIMC OFFSHORE AS	medium	5	−5.6%	−60.2%	0.47	–	842 MNOK
552	WELL SUPPORT AS	small	4	−37.7%	−46,325.7%	0.00	–	0 MNOK
553	KANFER SHIPPING MANAGEMENT AS	small	4	–	−787.0%	0.11	–	–
554	SEABED VISION AS	small	4	–	−509.3%	0.07	–	–
555	ZENITH ENERGY AS	small	4	–	−2,277.4%	0.04	–	0 MNOK
556	HOW ENERGY AS	small	4	–	−5,007.3%	0.41	–	–
557	ECLIPSE DRILLING AS	small	4	–	−10,698.5%	0.02	–	0 MNOK
558	IOR AQUA AS	small	4	–	−2,093.6%	0.05	–	–
559	ROSANES GASS AS	small	3	–	−7,839.9%	0.16	–	–
560	MINERALL AS	small	3	–	−1,607.7%	0.06	–	0 MNOK
561	LB DIVING AS	small	2	−1,068.4%	−2,379.8%	0.04	–	0 MNOK
562	HEMLA VANTAGE AS	small	2	–	−30,888.5%	0.00	–	–
563	DNO YEMEN AS	–	1	–	−142,002.0%	0.01	–	–
564	YMIR ENERGY HOLDING AS	small	0	–	−6,903,596,900.0%	0.00	–	–
565	CONNECTOR SUBSEA TECHNOLOGY AS	small	0	–	−2,056,000.0%	0.00	–	–
–	BIOREST ASnot ranked: Balance sheet missing	small	–	–	–	–	–	–
–	CSE OFFSHORE ASnot ranked: Balance sheet missing	small	–	–	–	0.00	–	0 MNOK
–	HØYDESIKRING ACCESS ASnot ranked: Balance sheet missing	small	–	–	–	–	–	–
–	INTEROIL DRILLING SERVICES AS 2025 missingnot ranked: Balance sheet missing	–	–	–	–	0.00	–	–
–	METROL TECHNOLOGY NORWAY ASnot ranked: Balance sheet missing	small	–	–	–	0.00	–	0 MNOK
–	NORMINOL ASnot ranked: Balance sheet missing	small	–	–	–	0.00	–	0 MNOK
–	NORSE ENERGY VENTURES ASnot ranked: Balance sheet missing	small	–	–	–	0.00	–	0 MNOK
–	OFFSHORE SOLUTION PARTNER ASnot ranked: Not enough data (profitability or solidity missing)	small	–	–	–	–	–	0 MNOK
–	OLYMPIC SHIP INTERNATIONAL ASnot ranked: Balance sheet missing	small	–	–	–	0.00	–	–
–	PANORO ENERGY ASnot ranked: Balance sheet missing	–	–	–	–	0.00	–	–

Bankrupt or being wound up

These companies are left out of the ranking.

being wound up CAPEOMEGA AS · last accounts 2025
bankrupt EMAS-AMC AS · last accounts 2015
being wound up FEARNLEY NORGE AS · last accounts 2025
bankrupt FRAM ENERGY AS · last accounts 2024
being wound up KARPINSKY OIL & GAS COMPANY AS · last accounts 2025
being wound up NORTH SEA COMMANDER SHIPPING AS · last accounts 2025
being wound up OCV RECOVERY AS · last accounts 2025
bankrupt PETROLINK AS · last accounts 2024
being wound up UPSTREAM CONSULTANTS AS · last accounts 2025

About the figures

Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.