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Odd Terje Ellingsen is a seasoned professional with extensive experience in the offshore energy industry. He has spent 32 years with Subsea 7, most recently serving as Compliance and Internal Control Manager, and previously held the position of Accounting Manager from 1992 to 2012. Ellingsen's expertise spans financial accounting, internal controls, and auditing, with proficiency in SAP and IFRS. He has also worked with Brown & Root, ChemTeam Tankers AS, Beijer Byggevarer AS, G. Block Watne AS, and Mobil Exploration Norway Inc. Ellingsen holds an Executive Master of Management from BI Norwegian Business School and a Bachelor's degree in Economics and Business Administration from the University of Stavanger. He is fluent in English and has a strong background in Norwegian law and regulations.

Experience

    • United Kingdom
    • Oil and Gas
    • 700 & Above Employee
    • Compliance and Internal Control Manager
      • Apr 1992 - Present

      Subsea 7 is a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide. The company provides integrated services and have a proven track record in delivering complex projects in deep water and challenging environments.

    • Accounting Manager
      • Apr 1992 - Jan 2012

      Accounting Manager with responsibility for Statutory and Tax Reporting of all Subsea 7 companies in Norway. Representing Subsea 7 in OLF (committee for fiscal framework and conditions) since 2006 and Norwegian Shipowners’ Association (Subsea NOx Group 2006-2008).

  • Brown & Root
    • Stavanger Area, Norway
    • Management Accountant
      • Apr 1992 - 1999
      • Stavanger Area, Norway

      Financial accounting including currency risk management (project driven currency hedge accounting), reorganization and merging, joint venture accounting, system analysis and SAP financial management accounting.

  • ChemTeam Tankers AS
    • Oslo Area, Norway
    • Controller
      • 1991 - Apr 1992
      • Oslo Area, Norway

      Financial Controller.

    • Regnskapssjef
      • 1985 - 1990

      Accounting Manager.

  • G. Block Watne As
    • Stavanger Area, Norway
    • Divisjonsøkonom
      • 1985 - 1987
      • Stavanger Area, Norway

      Profit Centre Budgeting and Reporting.

  • Mobil Exploration Norway Inc.
    • Stavanger Area, Norway
    • Project Accountant
      • Aug 1980 - 1985
      • Stavanger Area, Norway

      Project Accountant Statfjord 'B' project.

Education

  • 2010 - 2013
    BI Norwegian Business School
    Executive Master of Management, Specialisation in Taxation
  • 1976 - 1980
    University of Stavanger (UiS)
    Bachelor's degree, Economics and Business Administration

Suggested Services

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Industry Focus. “Oil and Gas”

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