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Cecon ASA
Kystv. 226
Phone: +47 37060880p:+47 37060880 ARENDAL, 4841  Norway Fax: +47 37062899f:+47 37062899
On 4/24/2015, the Company announced that over the last four months, it had been subject to compulsory composition proceedings, during which time the Company has explored all possibilities for a debt restructuring solution which would give the creditors of the Company a minimum of 25% dividend over time. The Board of Directors of the Company has decided to notify the compulsory composition committee that the Company is unable to present a plan for a compulsory composition – whereby the compulsory composition committee will notify the same to the City Court of Aust-Agder and request that the Company is declared bankrupt.
This company is no longer actively traded on any major stock exchange.
Business Summary
Cecon ASA is a Norway-based subsea installation contractor. It is involved in the fields of project management, engineering and subsea installation for the offshore oil and gas, and renewables industries. Its operations are focused on subsea pipe laying, including the engineering, procurement, construction and installation (EPCI) of steel pipelines, risers, cables, umbilicals and subsea installations, as well as subsea pipeline repair and maintenance services. It offers its services offshore in the western Africa and on the Norwegian continental shelf. The Company performs its services by itself, as well as through sub-contractors, such as the 50%-owned CeCT Oilfield Services AS, which supplies personnel for the offshore operations, including deckhands, riggers, foremen and supervisors, and the 50%-owned Reellay AS, offering consultancy services, welding and delivery of steel pipelines for installation on the sea floor. In April 2013, it established a new subsidiary, Rever Offshore AS.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/201412/31/2013Yes----

Industries
SIC Code Description
1623 Water, sewer, pipeline, and communications and power line construction
1389 Oil and gas field services, not elsewhere classified
8711 Engineering services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board RiulfRustad 45 12/10/2010 9/24/2010
Chief Executive Officer Terje P.Tellefsen 59
Chief Financial Officer Ivar H.Halvorsen
4 additional Officers and Directors records available in full report.

Business Names
Business Name
Cecon ASA
Cecon NL BV

General Information
Stock Exchange: OSL
Fax Number: +47 37062899


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Friday, July 21, 2023