Fred. Olsen Production

Fred. Olsen Production ASA
Type	Public
Founded	1994
Headquarters	Oslo, Norway
Key people	Morten Lunde (CEO) Per-Oscar Lund
Industry	Petroleum
Products	Floating Production Storage and Offloading
Website	www.fpso.no

Fred. Olsen Production (OSE: FOP) is a Norwegian offshore floating production petroleum company. The company has it's headquarters in Oslo, Norway and is listed on Oslo Stock Exchange. The company's largest owners are Bonheur and Ganger Rolf through First Olsen, owning 61.5% of the company. The companies are controlled by the Olsen family. Offices are located in Oslo, Houston (United States), Singapore and Port Harcourt (Nigeria). The company owns and operates three Floating Production Storage and Offloading vessels (FPSOs), two Floating Storage and Offloading vessels (FSOs) and one production jack-up (MOPU). The company is also converting one suezmax tanker to FPSO and an addition tanker available for conversion. Operations are located in Western Africa and the Red Sea. Among the vessels is Knock Nevis, the worlds largest ship that has been converted from the tanker previously know as Jahre Viking.

History

The company was created in 1994 and listed on the Oslo Stock Exchange on May 11, 2007.