North Energy ASA 2012 AR2
The report highlights North Energy's activities and financial performance for the fiscal year 2012, emphasizing its strategic focus on the northern Norwegian continental shelf and the Barents Sea. Despite a challenging year with disappointing drilling results, the company strengthened its position through a new technology collaboration with Rex Oil & Gas to utilize Virtual Drilling technology. Additionally, North Energy secured key credit agreements with TGS Nopec and Rex Oil & Gas, improving liquidity by approximately NOK 200 million. The company also achieved Eco-Lighthouse certification for its Alta head office and maintained a low sickness absence rate of 1.3 percent.
Company: North Energy ASA
Sector: Finance & insurance
Country: Norway
Year: 2012
Type: AR2
Pages: 84
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North Energy ASA
Annual Report
The report highlights North Energy's activities and financial performance for the fiscal year 2012, emphasizing its strategic focus on the northern Norwegian continental shelf and the Barents Sea. Despite a challenging year with disappointing drilling results, the company strengthened its position through a new technology collaboration with Rex Oil & Gas to utilize Virtual Drilling technology. Additionally, North Energy secured key credit agreements with TGS Nopec and Rex Oil & Gas, improving liquidity by approximately NOK 200 million. The company also achieved Eco-Lighthouse certification for its Alta head office and maintained a low sickness absence rate of 1.3 percent.
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Document Details
Report Year
2012
Reporting Period
Jan 1, 2012 - Dec 31, 2012
Fiscal Year
2012
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
Workplace Fatalities
Employees