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) and Edison Norge, adding production and development assets to our portfolio. In addition, we continuously look to optimise our portfolio in accordance with our strategy.

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.


Nikolai Lyngø

Nikolai Lyngø


  • 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


  • 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


  • 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


  • 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
Halvor Engebretsen

Halvor Engebretsen

SVP BD & Commercial

  • 25 years of experience in the oil and gas industry, nationally 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

Board of directors

Gunnar Olsen


  • 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


  • 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

Timothy Dodson


  • 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
  • Master of science in geology and geography from the University of Keele

Kristin Gjertsen


  • 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
  • Master of Science from Norwegian University of Science and Technology (NTNU) and a MBA from Norwegian School of Economics (NHH)

John King


  • 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

Lars Christian Bacher


  • Extensive experience from Equinor including the last eight years in Equinor’s corporate executive committee
  • Previous position as Chief Financial Officer of Equinor
  • Brings broad experience from operational and managerial positions
  • Master in Chemical Engineering from the Norwegian University of Science and Technology (NTNU) and an Master in Finance from the Norwegian School of Economics (NHH)