Norwegian offshore and maritime yard interests in the growing Bergen Group on Thursday announced stronger quarterly results over the same span a year ago, as rig and ship modification contracts prove lucrative and orders swell to record highs.

Group net profit was 38 million kroner ($6.3 million) in the quarter, more than double the result of a year ago on operating revenue that nearly doubled to 1.3 billion kroner ($215 million). The company still has some 19 vessels to build for the oil and gas industry to 2012.

In contrast to peers, Group managers reported the “positive trend in shipbuilding continues,” although the order backlog includes trawlers among the offshore service vessels and oil rigs. Indeed, a year has seen company assets triple to 1.38 billion kroner.

Although fresh from an upgrade of Transcocean’s Polar Pioneer semi-submersible, the Group’s offshore oilfield modifications work load looks set to run thin by 2010, although other enitities in the group are showing strong “technology” sales in cranes, subsea kit, pipe and electrical.

ws@scandoil.com

Tags: Bergen Group Rosenberg