God dag, we are Sval

We provide energy. That’s why we’re here.

In Norwegian Sval [svä'l] means fresh, pleasant and cool. Pronounce it with a long ‘a’, like father, and you’ll sound more or less like a Norwegian.

● About Sval

Where we came from – where we’re going

Sval, previously known as Solveig Gas, has worked with natural gas since the company was established in 2011. From the very beginning our main business was to transport natural gas from the North Sea to the UK and Continental Europe. Today, we are still transporting gas, but we also participate in the exploration and development of oil & gas fields and plan to become a substantial producer of oil & gas. We will continue our focus on value creation and minimizing the carbon footprint.

Bringing natural gas to Europe
Sval owns 15.6% of Gassled, the world’s largest offshore gas network. Gassled provides pipelines linking gas producing fields in the North Sea and the Norwegian Sea to the UK and Continental Europe. Sval acquired 13.3% in Polarled in October 2019, the first pipeline on the NCS to cross the Arctic Circle, and the pipeline delivers gas to the UK and continental Europe via the Nyhamna gas processing plant.

From transportation to exploration, development & production
In November 2019 we acquired Cairn’s Norwegian business, including a 10% share in the Nova field, an exploration portfolio with firm exploration wells and a qualified team. Earlier in November 2019 we also acquired a 10% share in the Duva field. These acquisitions confirms our ambition to become an exploration and production (E&P) company.

Solid
We have high ambitions and plan to continue investing in exploration, developments and production opportunities on the NCS, and we aim to create a substantial asset portfolio founded on value creation and minimized carbon footprint.

Sval is fully owned by HitecVision, the largest private equity firm in Norway with a total committed capital base of USD 6 billion. HitecVision is a serial entrepreneur, having established or invested in more than 150 companies in the offshore energy industry for more than three decades.

● About Sval

Management

Abdelkarim Abbou

CEO

  • 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

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

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
  • Education background as a Reservoir Engineer

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

Ole Ertvaag

Director

  • Co-founder of HitecVision
  • Prior to founding HitecVision in 2000, Ertvaag was the CFO of the oil service technology company Hitec ASA
  • Extensive operational and financial experience

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

Pål M. Reed

Director

  • Joined HitecVision in 2005
  • Prior to HitecVision, Reed was previously the CIO of Argentum Fondsinvesteringer AS, the Norwegian State’s investment company for private equity fund investments

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

● Work with us

Vacant positions at Sval

Compared to the majors on the NCS we are a relatively small energy company. Which means you will get a unique chance to influence decisions made in the company.
We have offices in Stavanger and Oslo, close to urban facilities. If you become a part of our team you will have the pleasure of working with some of what we believe are the finest people in the industry and make a real impact. We have a strong financial platform and we strive to be an agile and dynamic energy company.

Vice President Projects / Facilities

We are already participating in development projects on the NCS, but we have solid backing and great ambitions to participate in more developments and producing fields.

See job description

We are now seeking a dynamic and experienced manager for this key position in the company: someone who wants to make real impact and contribute to the company’s growth journey. The position is Stavanger based and reports to the Chief Operating Officer in Sval.

Responsibilities and tasks:

  • Key projects and facilities advisor to executive management
  • Provide advice and input to business development and acquisitions evaluations
  • Value adding follow up of developments portfolio
  • Value adding follow up of producing fields portfolio
  • Build further facilities and project team within the company as required

Qualifications and experience:

  • MSc. within engineering discipline
  • Minimum of 10 years of experience from relevant positions
  • Hands-on experience with project management in the oil & gas industry
  • Broad understanding of facilities engineering / subsea technology /offshore host modifications/HSE
  • Cooperative and thrives in multi-disciplinary teams
  • Fluent in English and good knowledge of a Scandinavian language

Personal qualities:

  • Pro-active and self-driven
  • Dynamic and able to handle multiple tasks and high workload
  • Can combine a broad overview and hands-on work
  • Strong communication skills

For more information contact:
Ida Veland, COO
922 89 359
facilities@sval-energi.no

Business Analyst

Are you a person with strong analytical skills who is eager to impact decisions in a company with a strong track record and great ambitions?

See job description

We are seeking a Business Analyst to work with Business Development and financing. You will handle a broad spectrum of BD and finance tasks and support the management and our commercial activities. The position is Oslo based and reports to the VP Business Development in Sval.

Responsibilities and tasks:

  • Financial modelling, valuation and investment analyses
  • Administration of BD and M&A processes
  • Preparation of board papers and documents for management decisions
  • Support on debt capital raising and bank relations
  • Strategic planning and implementation

Qualifications and experience:

  • MSc. within Finance, Economics or similar
  • Minimum of 5 years of experience from similar positions or from banking
  • Experience with financing of oil & gas activities
  • Strong Excel and modelling skills
  • Fluent in English and good knowledge of a Scandinavian language

Personal qualities:

  • Self-driven with an eye for details
  • Analytical, structured and with high work capacity
  • Proactive, with commercial drive and mind-set
  • Strong communication skills

For more information contact:
Thomas Bjørgo, CFO
982 06 883
analyst@sval-energi.no