The Oslo-listed company posted a loss of NOK 38m ($5.6m) for the period against a NOK 494m profit a year ago.

Operating expenses for the period went up from NOK 1.49bn to NOK 2.2bn.

Total revenue stood at NOK 3.41bn, up from NOK 2.65bn in the corresponding period.

Bonheur’s offshore drilling division was the main contributor with revenue of NOK 2.1bn, a 14.7%