We know who we are

Sval started out as Solveig Gas, owners of gas infrastructure for the oil and gas industry. Since then, we have expanded into exploration & production, acquired licences in oil and gas fields, and invested in renewable wind power.

We have strong funding from HitecVision, one of Europe’s largest private equity funds, managing approximately USD 6,6 bn. HitecVision’s main focus is within Europe’s energy industry.

A small company with big plans

Being a small organisation has many benefits. There is often a short amount of time between finding an opportunity and signing a contract. Our flat organisational structure ensures that anyone in Sval can bring ideas to the table and contribute to the company’s growth and development.

Our plans are ambitious, and we’re working towards a more sustainable future. We aim to be a major Norwegian organisation in the energy sector, holding a strong and sustainable portfolio relevant for decades to come.

Our investors see lots of opportunities in the energy sector, including renewables, so as production grows we are constantly looking for more skilled and experienced people who can take Sval further.

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

  • Recent position as interim Managing Director and COO of DNO Norge
  • Previous experience with Paladin Resources and Equinor
  • Experience with subsurface & BD
Abdelkarim Abbou

Abdelkarim Abbou

SVP

  • 15 years of experience from Equinor, most recently as VP Safety, Security and Sustainability
  • Previous experience includes various leadership positions within operations/ platform manager, commercial and business development
  • Economist/ business management by background
Thomas Bjørgo

Thomas Bjørgo

CFO

  • Recent position as CFO of Vår Energi
  • Previous experience as CEO and CFO of Core Energy
  • Experience with corporate development, BD and integration
  • Financial analysis/management

Board of directors

Gunnar Olsen

Chairman

  • Extensive experience with Total, both infrastructure and upstream
  • Business development and M&A
  • Brings international experience as well detailed knowledge of super-major behavior
  • Master of Law from UiB

Anne Strømmen Lycke

Director

  • Extensive experience with Hydro and Statoil/Equinor; upstream, infrastructure and renewables
  • Extensive experience from wind power
  • Business development and M&A
    Master of Technology from NTNU

Tim Bushell

Director

  • Extensive experience from the oil and gas sector
  • Most recently as CEO at Falkland Oil and Gas, and was co-founder of Core Energy AS
  • Qualified geologist with over 35 years experience
  • Public company experience at board level

Kari Ekelund Thørud

Director

  • CEO of Nord Pool AS, a European power exchange, from 2018
  • 20 years of experience from (the renewable part of) the energy sector
  • Previous experience from Hafslund ASA, as deputy CEO and SVP Markets
  • Board member at Europex (Association of European Energy Exchanges) and Fish Pool ASA

John King

Director

  • Extensive commercial gas and LNG expertise
  • Previous experience with Shell and Equinor on the Troll development and gas trading
  • Founder of Eclipse Energy, which was sold to Platts

Gunnar Halvorsen

Director

  • More than 25 years of oil industry experience
  • Previous experience with Amoco in Norway and Houston
  • Has been involved in all of HitecVision’s E&P investments from sourcing to exit