What is the Org number of PETROTECH AS?

PETROTECH AS is registered with Brønnøysundsregistrene under Org 986962832.

What is the revenue of PETROTECH AS?

PETROTECH AS reported revenue of NOK 317,4M in 2023.

How many employees does PETROTECH AS have?

PETROTECH AS employs 144 people as of the latest annual report.

Who is the CEO of PETROTECH AS?

Steinar Riise is Chief Executive Officer of PETROTECH AS, in role since 2023.

Who is the chairman of PETROTECH AS?

Lewis John Woodburn Mcalister chairs the board of PETROTECH AS, in role since 2019.

Where is PETROTECH AS headquartered?

PETROTECH AS's registered address is Energivegen 12A, 4056 Tananger.

PETROTECH AS

ASActive

Org 986962832Energivegen 12A, 4056 TanangerSupport activities for petroleum and natural gas extraction · NACE 0910Est. 2004144 employeeswww.powerwellservices.com

Full Risika report

Revenue 2023

NOK 317,4M

-40% vs 2022

EBITDA margin

-18.5%

-67% vs 2022

Equity ratio

-48.2%

Financial strength

Net profit 2023

NOK -64,1M

-37% vs 2022

EBITDA — year on yearNOK millions

Key figuresAnnual report 2023

Revenue	NOK 317,4M	-40%
EBITDA	NOK -58,8M	-67%
Net profit	NOK -64,1M	-37%
Total assets	NOK 102,5M	-46%
Equity	NOK -49,4M	-277%
Employees	144	—

Item	2008	2009	2010	2011	2012	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Revenue	292 972	229 545	330 073	358 382	339 232	643 663	291 266	159 325	123 243	220 218	408 161	577 450	688 600	529 723	317 356
Staff expenses	−52 398	−58 891	−75 079	−94 071	−107 741	−169 450	−149 960	−104 388	−114 167	−93 832	−142 930	−164 286	−182 057	−189 243	−166 120
EBITDA	81 031	15 174	81 025	60 069	42 728	105 204	−38 456	−49 196	−138 610	−71 979	−107 625	−45 071	−21 970	−35 296	−58 788
Depreciation & amort.	−13 233	−17 282	−16 220	−17 431	−18 677	−25 851	−28 563	−53 501	−24 827	−12 243	−15 174	−7 210	−5 485	−4 242	−1 094
EBIT	67 798	−2 108	64 804	42 638	24 051	79 353	−67 019	−102 697	−163 437	−84 222	−122 799	−52 281	−27 455	−39 538	−59 882
Net financials	2 105	−9 958	8 299	908	−7 537	−1 505	−550	900	−61 830	−10 430	−33 742	34 785	−2 378	−7 343	−4 205
Profit before tax	69 903	−12 066	73 103	43 546	16 514	77 848	−67 569	−101 797	−225 267	−94 652	−156 541	−17 496	−29 833	−46 881	−64 087
Tax	19 590	−3 373	20 477	12 301	5 148	22 852	−1 103	960	−0	−0	−0	−0	−0	−0	−0
Net profit	50 313	−8 693	52 626	31 245	11 366	54 996	−66 466	−102 757	−225 267	−94 652	−156 541	−17 496	−29 833	−46 881	−64 087

Item	2008	2009	2010	2011	2012	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Total assets	263 683	346 791	384 880	401 461	431 677	252 905	171 607	143 467	108 915	121 447	185 604	211 704	235 627	189 877	102 493
Equity	65 694	45 702	52 523	48 685	41 747	31 285	−38 805	−141 493	−41 278	−138 444	−294 985	104 703	74 868	27 987	−49 410
Long-term debt	75 866	87 962	81 373	249 145	276 380	2 348	0	0	0	0	0	0	0	0	0
Short-term debt	114 263	205 415	246 795	97 748	106 773	213 147	199 654	284 960	150 193	259 891	480 589	107 001	160 759	161 889	151 903
Total debt	190 129	293 377	328 169	346 893	383 153	215 495	199 654	284 960	150 193	259 891	480 589	107 001	160 759	161 889	151 903

Name	Role	Member since	Age	Other directorships
SR Steinar Riise Chief Executive Officer	Chief Executive Officer	2023	—	—
DE Dag Eidsvik Chief Executive Officer	Chief Executive Officer	2019	—	—

Name	Role	Member since	Age	Other directorships
LJ Lewis John Woodburn Mcalister	Chairman	2019	—	—
BD Bjørn Dybdahl	Board of Directors	2019	—	—

Shareholder	Type	Ownership	Votes	Since
Petrotech As	Company	100.0%	100.0%	2023

Person	Role here	Other companies
Steinar Riise	Chief Executive Officer	0 companies
Dag Eidsvik	Chief Executive Officer	0 companies
Lewis John Woodburn Mcalister	Chairman	0 companies
Bjørn Dybdahl	Board of Directors	0 companies