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Sval

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We know who we are

Sval is on a growth course on the Norwegian Continental Shelf and has come a long way already. From the start as an infrastructure company, the company is now positioned in both E&P and renewables.

Over the last years we have grown rapidly through major acquisitions of companies like Capricorn Norge (Cairn), Edison Norge and Spirit Energy Norway, adding competency, production and development assets to our portfolio. In addition, we continuously look to optimise our portfolio in accordance with our strategy.

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We have strong backing both financially and strategically from HitecVision, one of Europe’s largest private equity funds. They are among the most successful owners of energy companies in Norway. Having them onboard means that we have the financial flexibility to pursue our goals and ambitions.

Our vision is to be nimble, sustainable and to create value.

Nimble – as in being agile and quick on our feet, keeping decision-lines short and empowering our employees.

Sustainable – as in balancing production of fossil fuels with decarbonization projects, but still delivering the optimal mix between more energy – and better energy – responding to signals from the market and our shareholders.

Creating value – as in having an opportunistic and pragmatic approach to the future of energy. We produce oil and gas, but in parallel we use our know-how and expertise to tap into new value chains. Our goal is to create a long-term robust business model.

ESG

Integrating ESG

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The energy transition is moving rapidly, shaping society, policy and energy markets. This benefits a nimble and agile company with a strong commitment to sustainability and Environmental, Social and Governance (ESG) aspects. We seek opportunities within decarbonisation, we want to limit and reduce emissions, we focus on health and safety, and we will always remain transparent.

Careers

A place to grow

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Our highly qualified workforce uses their vast experience from the industry to take us to new heights, paths, and fields. In Sval our people have the opportunity to impact the organisation and shape the future of the energy industry.

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Management

Nikolai Lyngø

Nikolai Lyngø

CEO

  • More than 20 years of experience in the oil and gas industry in Norway and internationally
  • Broad background including leadership roles in strategy, business development, licence management and operations in Equinor, Petoro and PWC
  • Previous experience includes head of corporate strategy and head of the CEOs office at Equinor
  • Master of science in Industrial Economics and Technology Management
Ida Veland

Ida Veland

COO

  • More than 20 years of experience in the oil and gas industry in Norway
  • Previous experience with Paladin Resources, Equinor and as interim Managing Director and COO of DNO Norge
  • Experience with subsurface & BD
  • Master of Petroleum Engineering
Thomas Bjørgo

Thomas Bjørgo

CFO

  • More than 20 years of experience in the oil and gas industry in Norway
  • Previous experience as CFO of Vår Energi and CEO and CFO of Core Energy
  • Experience with corporate development, BD, and integration
  • Master of Economics
Halvor Engebretsen

Halvor Engebretsen

EVP SBD

  • More than 25 years of experience in the oil and gas industry, in Norway and internationally
  • Leadership roles in business development, strategy, governance and operating models, project development and operations in Equinor
  • Previous experience includes head of corporate BD, strategy, management systems and operating models
  • Master of science in Biology. Business Administration and Management. Political and Social Science
Gro Kyllingstad

Gro Kyllingstad

EVP SSP

  • More than 30 years of experience in the oil and gas industry
  • Recent position as SVP Norway Production in Spirit Energy
  • Previous experience in geology in Mobil, ExxonMobil, and Spirit Energy. Asset Manager for Heimdal & Statfjord, VP Exploration & Subsurface and VP People & Support in Spirit Energy
  • Cand. Scient degree in Geology
Olav Log

Olav Log

CTO

  • More than 30 years of experience in the oil and gas industry, both in Norway and internationally
  • Recent position as Wells Director in Spirit Energy
  • Previous roughneck drilling experience from Odfjell Drilling, 18 years and various drilling roles including Drilling Director in ConocoPhillips and responsible for delivering Spirit Energy’s European wells activities
  • Master of Science in Petroleum Technology

Board of directors

Martin Bachmann

Chair

  • Extensive E&P experience through almost 40 years
  • Several top-management positions in Shell and 10 years on the executive board of the German oil and gas company Wintershall, responsible for the global E&P business
  • Holds several non-executive positions across various oil and gas companies
  • MSc in Geophysics from the Swiss Federal Institute of Technology (ETH) in Züric

Kristin Færøvik

Director

  • Extensive E&P experience from BP, former managing director of Marathon Oil Norway, Rosenberg Worley and Lundin Energy Norway
  • Significant commercial and leadership experience
  • Holds several non-executive positions across various business areas
  • MSc in Petroleum Engineering from NTNU

Timothy Dodson

Director

  • Extensive experience from Equinor including 10 years as executive vice president for global exploration
  • An explorationist with broad knowledge of the oil and gas sector
  • Brings experience in negotiations, strategy and leadership
  • MSc in geology and geography from the University of Keele

Kristin Gjertsen

Director

  • Extensive expertise in project management, strategy and field development, offshore licensing processes and turnaround management
  • Previous experience with Exxon, Accenture, Norsk Hydro/Equinor, Microsoft and Aker
  • MSc from Norwegian University of Science and Technology (NTNU) and a MBA from Norwegian School of Economics (NHH)

Einar Gjelsvik

Director

  • Senior Partner in HitecVision
  • Extensive experience within the offshore oil and gas industry
  • Worked for BP and Noreco in various senior leadership roles and latest as CEO
  • MSc in Business Administration and Strategic Management, and an MSc in Chemical Engineering and a CFA charter holder

John Knight

Director

  • Senior Partner in HitecVision
  • 16 years’ experience from Equinor, where he held several central managerial positions in international operations, latest as EVP Global Strategy & Business Development
  • Has held various positions in energy investment banking, and has also worked as a barrister/lawyer
  • First and post-graduate degrees in law from Cambridge University and the Inns of Court School of Law in London

Visit us

Main office

Veritasveien 29
Stavanger, Norway

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Branch office

Jåttåvågveien 7, Building C
Stavanger, Norway

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Branch office

Bryggegata 14, 6th Floor
Oslo, Norway

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