Crown Energy AB 2022 AR2
The report highlights Crown Energy's financial and operational performance for the fiscal year 2022, marked by the initiation of a strategic transformation toward more socially and environmentally sustainable businesses, including medical technology. During the year, the company participated in drilling the Gazania-1 well offshore South Africa, which did not encounter commercial hydrocarbons and was subsequently plugged and abandoned. Crown Energy also decided to exit its Madagascar license due to commercial and environmental considerations. Financially, the company reported net revenue of SEK 39.4 million, up 90 percent from the previous year, and continued to receive scheduled payments from the disposal of its upstream oil and gas assets.
Company: Crown Energy AB
Sector: Energy
Country: Sweden
Year: 2022
Type: AR2
Pages: 77
Crown Energy AB
Annual Report
The report highlights Crown Energy's financial and operational performance for the fiscal year 2022, marked by the initiation of a strategic transformation toward more socially and environmentally sustainable businesses, including medical technology. During the year, the company participated in drilling the Gazania-1 well offshore South Africa, which did not encounter commercial hydrocarbons and was subsequently plugged and abandoned. Crown Energy also decided to exit its Madagascar license due to commercial and environmental considerations. Financially, the company reported net revenue of SEK 39.4 million, up 90 percent from the previous year, and continued to receive scheduled payments from the disposal of its upstream oil and gas assets.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees