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Eidesvik Offshore (EIOF) investor relations material

Eidesvik Offshore Pareto Securities' 32nd Annual Energy Conference Presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Pareto Securities' 32nd Annual Energy Conference Presentation summary10 Sep, 2025

Company overview and strategy

  • Operates 16 vessels, including two under construction, with 437 employees as of end FY2024.

  • Focuses on supply, subsea & offshore, and wind segments, with a contract backlog of MNOK 3,391.

  • Strategic priorities include leadership in green PSV, expanding offshore wind presence, and forming long-term partnerships.

  • Emphasizes long-term positive cash flows and profitable contracts.

Fleet and technology initiatives

  • Two new state-of-the-art vessels entering the market in 2026 and 2027, both secured on long-term contracts and equipped with advanced green technology.

  • "Viking Energy" will be the world’s first ammonia-powered PSV, reducing greenhouse gas emissions by over 70%.

  • Implementation of energy efficiency solutions, including advanced heating/cooling systems and transit optimization, with significant LNG savings.

  • Fleet includes LNG dual fuel, battery hybrid, and methanol dual fuel vessels, supporting the energy transition.

Partnerships and joint ventures

  • Joint ventures with Subsea7 (Seven Viking), Reach Subsea (Viking Reach), and Agalas (two CSVs under construction), all with long-term contracts and management control.

  • Partnerships are central to expanding subsea and IMR capabilities and securing vessel utilization.

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Frequently asked questions

Eidesvik Offshore ASA provides maritime services to the oil, gas, and renewable energy sectors. The company specializes in offshore supply, subsea, and seismic operations, offering advanced vessels designed to support various offshore activities. Its fleet includes platform supply vessels (PSVs), subsea vessels, and seismic ships, which are equipped to handle complex operations such as oilfield services, underwater construction, and survey activities. Eidesvik Offshore focuses on incorporating environmentally sustainable technologies, particularly in vessel design and operations, to reduce emissions and energy consumption in its maritime services. The company is headquartered in Bømlo, Norway, and its shares are listed on the Oslo Stock Exchange.

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