Energy Ventures looks for investment opportunities in early to mid-stage growth companies that deliver technologies, products, and services with significant market potential in the hydrocarbon value chain. They focus on reservoir evaluation & exploration, drilling & well construction, and field development. Through their investments, they can play an active role in securing a safer, innovative and more productive future for the E&P industry.

Experience

They have offices in 3 countries and investor networks in even more countries. From initial investment to exit, this firm is an active owner and involve with portfolio companies to ensure the most effective use of capital and talent.

How much do they invest?

Typical investments range from 150 to 300 million NOK per company, with a holding of 40 – 60% of equity.

How do they work?

The team that is set out to evaluate your business idea has great market insight within the E&P industry, as well as investment and operational experience. They are therefore fit to see if your idea has an investment opportunity.

This makes a difference to them

They look for companies that have the opportunity to expand globally, if your idea shows potential. Market proven technology or service that is a smart base for a startup to have. They also look for experienced management teams to lead the business to success.

Key People

Helge Tveit - Managing Partner
Helge was formerly an Executive Advisor for BP Norway and Strategic Planning Director for Amoco and has significant experience of technical disciplines, including reservoir engineering, work-over and well interventions. He holds an MBA from the University of Chicago and an MSc. in Petroleum Engineering from NTH/NTNU.
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Kjell E. Jacobsen - Executive Chairman 
Kjell has over 30 years of industry experience. He has served as President and CEO in several large oil & gas companies. He has his education from Norwegian Naval Academy, Norwegian School of Economics and Business Administration (NHH) and INSEAD Top Advanced Management Program.
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Startups they funded

Abrado Wellbore Services, Acoustic Zoom Inc., Fotech Solutions Ltd., and Pangeo Subsea.