Riskpilot← Back to searchSign inGet full accessWELLESLEY PETROLEUM AS
ASActiveOrg 913561473Reidar Berges Gate 9, 4013 StavangerExtraction of crude petroleum · NACE 0610Est. 201415 employees
Revenue 2024
NOK 0
EBITDA margin
—
-109% vs 2023
Equity ratio
58.5%
Financial strength
Net profit 2024
NOK -58,4M
-102% vs 2023
| Revenue | NOK 0 | — |
| EBITDA | NOK -283,4M | -109% |
| Net profit | NOK -58,4M | -102% |
| Total assets | NOK 1,4B | -6% |
| Equity | NOK 822,5M | -7% |
| Employees | 15 | — |
Legal name
WELLESLEY PETROLEUM AS
Org number
913561473
Legal form
Aksjeselskap
NACE code
0610 · Extraction of crude petroleum
Founded
30. april 2014
Share capital
NOK 270 129 919
Employees
15 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Undersøkelse etter og produksjon av petroleum samt forretningsvirksomhet som står i naturlig forbindelse med dette, herunder markedsføring og salg av olje og gass.
Address
Reidar Berges Gate 9, 4013 Stavanger
Phone
+4751204422
Email
gdpr@wellesley.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 2 707 | 295 | 1 062 001 | 3 368 586 | 0 |
| Staff expenses | −0 | −0 | −0 | −0 | −0 |
| EBITDA | −684 136 | −447 563 | 513 982 | 3 184 533 | −283 418 |
| Depreciation & amort. | −3 773 | −2 297 | −1 753 | −1 753 | −1 753 |
| EBIT | −687 909 | −449 860 | 512 229 | 3 182 780 | −285 171 |
| Net financials | −42 943 | −28 328 | −9 153 | 156 820 | 27 223 |
| Profit before tax | −730 852 | −478 188 | 503 076 | 3 339 600 | −257 948 |
| Tax | −0 | −0 | −0 | −0 | −0 |
| Net profit | −185 070 | −154 192 | 917 686 | 3 462 261 | −58 432 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 2 315 288 | 2 290 358 | 2 755 052 | 1 496 257 | 1 406 582 |
| Equity | 526 949 | 457 797 | 1 186 266 | 880 963 | 822 530 |
| Long-term debt | 837 733 | 1 088 072 | 1 058 424 | 563 766 | 559 859 |
| Short-term debt | 950 606 | 744 489 | 510 362 | 51 528 | 24 193 |
| Total debt | 1 788 339 | 1 832 561 | 1 568 786 | 615 294 | 584 052 |
EBITDA margin
-28341800000.0%
This company
15.8%
Market median
-179378481113% vs market
20202024
Equity ratio
58.5%
This company
38.2%
Market median
+53% vs market
20202024
Return on equity
-7.1%
This company
18.4%
Market median
-139% vs market
20202024
Net profit margin
-5843200000.0%
This company
8.1%
Market median
-72138271705% vs market
20202024
Asset turnover
0.00×
This company
1.12×
Market median
-100% vs market
20202024
Debt / equity
0.71×
This company
0.62×
Market median
+15% vs market
20202024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KL Chief Executive Officer | Chief Executive Officer | 2017 |
| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
| Board of Directors | 2026 | |
| Board of Directors | 2018 | |
| Chairman | 2018 | |
| Board of Directors | 2024 | |
| Board of Directors | 2018 | |
| Former (2) | ||
| Board of Directors | 2018 – 2024 | |
| Board of Directors | 2018 – 2024 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Wellesley Holdco Ltd. | Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of WELLESLEY PETROLEUM AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kari Langvik Østhus | Chief Executive Officer | 0 companies |
| Richard Alexander Pearson Tiley | Board of Directors | 0 companies |
| Christopher James Elliott | Board of Directors | 0 companies |
| Peter Mellbye | Chairman | 0 companies |
| Martin Somerville | Board of Directors | 0 companies |
| Callum Macqueen Smyth | Board of Directors | 0 companies |
| Olivier Patrick Hopkes | Board of Directors | 0 companies |
| Graeme David Sword | Board of Directors | 0 companies |