EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(in thousands of $)	UFC		Golden Opus Inc.		Seateam		Total
Ownership	50	%	50	%	21.25	%
At December 31, 2014	—		—		—		—
Acquired as a result of the Merger	630		10,379		337		11,346
Dividends received from associated companies	—		—		(88	)	(88	)
Share of income	140		(821	)	248		(433	)
Impairment loss	—		(4,600	)	—		(4,600	)
At December 31, 2015	770		4,958		497		6,225