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Recognition of this impressive performance is long overdue.

Beerenberg AS

From left:  Per-Ola Baalerud, Norvestor; Morten Walde, Ingrid Sara Grimstad Amundsgård, Beerenberg; Erik Reiso, Rystad Energy. Photo: Jon Skille Amundsen

A proud CEO Morten Walde received the Gullkronen on behalf of the entire Company

Jury reasoning:
The winner of the Gullkronen 2018 Business Success award is among the industry’s foremost examples that even in the event of unparalleled market turmoil, it is possible to weather the storm to retain size and value creation. The winner also shows how superior performance through strong focus on development and application of new technology in a segment generally considered “low tech”, leads to market share capture and stable margins, while peers have all fallen into red ink.

The winner continues to perform well above expectations with third quarter 2017 as the strongest on record and improving market conditions going into 2018.

Recognition of this impressive performance is long overdue.

The Gullkronen awards are intended to honour individuals and companies that have made outstanding contributions to the Norwegian oil and gas industry. There are three awards in Beerenberg’s category. The New Venture award is for start-ups with a turnover of less than NOK 100 million. The Globetrotter is aimed at companies midway through a growth phase, while Beerenberg’s nomination – the Business Success award – is for companies with a turnover exceeding NOK 1 billion and showing healthy growth and earnings. 

Associated companies:

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