Portfolio

At EV Private Equity, we invest only in companies that we believe in. Companies at the vanguard of technological innovation, which share our business ethos as well as our commitment to sustainability.

Current Investments
Exited Investments
Case Studies

AllDecommissioningDrilling & Well constructionReservoir evaluation & explorationIntervention, completion & liftField development, facilities & HSE

Drilling & Well construction
Add Energy Group

Reservoir evaluation & exploration
Bluware

Intervention, completion & lift
Deep Casing Tools

Drilling & Well construction
Energy Drilling

Field development, facilities & HSE
Enpro Subsea

Reservoir evaluation & exploration
FFA / Geoteric

Reservoir evaluation & exploration
Fotech

Intervention, completion & lift
FourPhase

Field development, facilities & HSE
Halfwave

Intervention, completion & lift
MorphPackers

Intervention, completion & lift
Motive Offshore

Field development, facilities & HSE
ProSep

Field development, facilities & HSE
Safran

Field development, facilities & HSE
Viju

Drilling & Well construction
WellConnection

Reservoir evaluation & exploration
Westwood Global Energy

Reservoir evaluation & exploration
Wireless Seismic

Decommissioning

Abrado

Abrado Wellbore Services specializes in creating the optimum wellbore environment through the implementation of innovative downhole cleanout tools, chemical stimulation treatments and video-based diagnostic technology services.

www.abrado-intl.com

HQ:US

Fund: EV IV

Stage: Growth

Drilling & Well construction

Add Energy Group

Add Energy provides consulting and software solutions for unlocking efficiencies and improving uptime in the oil and gas sector.
www.addenergy.no

HQ:Norway

Fund:Progressus

Stage:Growth

Drilling & Well construction

Aquaterra

Aquaterra Energy Group is a seabed to surface provider of engineering services, equipment sales and rental, and offshore structures, primarily focused on the shallow water market.

www.aquaterraenergy.com

HQ:UK

Fund:EV V

Stage:Growth

Reservoir evaluation & exploration

Bluware

Bluware Corp is a privately-owned company that produces game-changing solutions for the most challenging objectives in the petrotechnical world. Bluware’s Headwave software platform is used by some of the biggest names in E&P to accelerate digital transformation initiatives, delivering both near-term ROI and long-term strategic value. Working in close collaboration with industry leaders, Bluware develops software that leaps ahead of long-time established offerings to drive business innovation and a whole new way of working.

www.bluware.com

HQ:US

Fund:EV V

Stage:Growth

Intervention, completion & lift

Deep Casing Tools

Deep Casing Tools’ products facilitate running casing and completion strings to targeted depth reducing well cost and improving well integrity and reservoir contact.

www.deepcasingtools.com

HQ:UK

Fund:EV III

Stage:Growth

Drilling & Well construction

Energy Drilling

Energy Drilling Pte Ltd builds and manages self-erecting tender assist drilling rigs to deliver the best-in-class service to oil and gas operators.

www.edrill.com

HQ:Singapore

Fund:EV IV

Stage:Growth

Field development, facilities & HSE

Enpro Subsea

Enpro Subsea are production optimisation specialists. Enpro’s unique field proven solutions enable capital efficient, future proof and flexible field development using standard subsea hardware. Their specialist hydraulic intervention services provide high pressure, deepwater well stimulation and pipeline commissioning. Enpro also offers field development consulting and is the leader in OSPAR compliant characterization and removal of cell contents for decommissioning of GBS Structures.

www.enpro-subsea.com

HQ:UK

Fund:EV V

Stage:Growth

Drilling & Well construction

Evolution

EVOLUTION ENGINEERING delivers purpose-built MWD products that exceed today’s drilling requirements for performance and reliability.

www.evolutioneng.com

HQ:Canada

Fund:EV V

Stage:Growth

Reservoir evaluation & exploration

FFA / Geoteric

GeoTeric® is the only complete Cognitive InterpretationTM System, allowing you to see the geology in your seismic data before interpreting. It provides interactive workflows from data conditioning to the delineation of geological elements required to build a 3D model.

www.geoteric.com

HQ:UK

Fund:EV III

Stage:Growth

Reservoir evaluation & exploration

Fotech

Fotech Solutions Ltd. offers innovative optical fiber-based acoustic systems to enable precise & continuous monitoring of hydrocarbon flow & downhole/surface equipment.

www.fotech.com

HQ:UK

Fund:EV III

Stage:Early Stage

Intervention, completion & lift

FourPhase

FourPhase specializes in optimizing oil and gas production by reducing sediments from the production flow using a dynamic de-sander system.

www.fourphase.com

HQ:Norway

Fund:EV IV

Stage:Growth

Field development, facilities & HSE

Halfwave

HalfWave offers an ultra wideband acoustic inspection technology based on half-wave resonance to improve pipeline and riser inspection and address asset integrity issues.

www.halfwave.com

HQ:Norway

Fund:EV IV

Stage:Growth

Intervention, completion & lift

Hicor

Hicor Technologies (formerly OsComp Systems) has developed a positive displacement, liquid-injected rotary compressor for efficient wet gas handling, enabling producers to simplify the infrastructure needed to get natural gas and liquids from the wellhead to the processing facility.

www.hicor.com

HQ:US

Fund:EV IV

Stage:Growth

Intervention, completion & lift

MorphPackers

MorphPackers deliver revolutionary and highly innovative expandable steel packers specializing in refrac packers and production packers for the global oil and gas sector.

www.morphpackers.com

HQ:UK

Fund:EV III

Stage:Growth

Intervention, completion & lift

Motive Offshore

HQ:UK

Fund:EV V

Stage:Growth

Field development, facilities & HSE

ProSep

ProSep offers products and purpose-designed solutions to remove solid, liquid or gaseous contaminants from oil, gas and produced water streams. Our company does this by drawing on a combination of experienced people and efficient processes.

www.prosep.com

HQ:US

Fund:EV IV

Stage:Early Stage

Drilling & Well construction

Rival DT

Rival Downhole Tools rents, sells and services best-in-class drilling and thru tubing downhole tools to the upstream oil and gas industry. Founded in 2002 the company leverages its Ashmin legacy, an engineering firm focused on the creation of new technology, for the deployment of its technologies to directional drilling companies, downhole rental tool suppliers, drilling contractors and E&P companies.

www.rivaldt.com

HQ:US

Fund:EV V

Stage:Growth

Decommissioning

Romar

ROMAR specializes in the provision of innovative, cost-effective technologies associated with magnetic separation, decontamination of drilling fluids and spill prevention and containment.

www.romarinternational.co.uk

HQ:UK

Fund:EV IV

Stage:Growth

Field development, facilities & HSE

Safran

Safran offers a wide range of software for project control, as well as consultancy within planning and project management. Safran Software Solutions is a leading supplier of planning and project management software and consultancy.

www.safran.com

HQ:Norway

Fund:Progressus

Stage:Growth

Field development, facilities & HSE

Viju

HQ:Norway

Fund:Progressus

Stage:Growth

Drilling & Well construction

WellConnection

WellConnection is Norway’s leading company within inspection, maintenance and repair services (IMR) for drilling and subsea equipment. WellConnection is strategically located covering the whole of the Norwegian Continental Shelf within the Subsea and Drilling segments.

www.wellconnection.no

HQ:Norway

Fund:EV V

Stage:Growth

Reservoir evaluation & exploration

Westwood Global Energy

Westwood Global Energy Group provides deep, insightful business intelligence tools and research for prominent global themes across the Upstream E&P and Supply Chain. Key offerings by the Group are Atlas online and Analytics by Hannon Westwood, the Wildcat Global Exploration Services by Richmond Energy Partners and the Sectors Subscription Services.

www.westwoodenergy.com

HQ:UK

Fund:EV V

Stage:Growth

Reservoir evaluation & exploration

Wireless Seismic

Wireless Seismic manufactures the only wireless seismic data acquisition system with real-time data return, improving safety and data quality while lowering operating costs.

www.wirelessseismic.com

HQ:US

Fund:EV IV

Stage:Early Stage

Intervention, completion & lift

WOS

Workover Solutions provide thru-tubing tools, service and personnel for the completion, workover and gas storage markets.

www.workoversolutions.com

HQ:US

Fund:EV V

Stage:Growth

Intervention, completion & lift

Zilift

Zilift develops and markets small diameter permanent magnet technologies for innovative artificial lift applications. Uniquely Zilift technologies can be wireline/riglessly installed and the system can be placed, due to small/lightweight aspects, into the horizontal section of the well, thus increasing productivity vs. traditional methods.

www.zilift.com

HQ:UK

Fund:EV II

Stage:Early Stage

AllDrilling & Well constructionField development, facilities & HSEReservoir evaluation & explorationIntervention, completion & liftDecommissioning

Reservoir evaluation & exploration
ARKeX

Field development, facilities & HSE
Caltec

Field development, facilities & HSE
DeepFlex

Reservoir evaluation & exploration
Ingrain

Drilling & Well construction
Meta Line Hanger

Reservoir evaluation & exploration
NovaDrill

Field development, facilities & HSE
Omniware

Field development, facilities & HSE
Oscomp

Field development, facilities & HSE
Pangeo

Drilling & Well construction
READ Cased Hole

Intervention, completion & lift
Red Spider

Intervention, completion & lift
Sagerider

Reservoir evaluation & exploration
Seabed Geophysical

Drilling & Well construction
Sense Intellifield

Field development, facilities & HSE
Sigma

Reservoir evaluation & exploration
Stingray

Drilling & Well construction

2TD

2TD aims to become a leading supplier of advanced drilling tools for the large and expanding directional drilling market, enabling customers to drill higher quality wells at lower cost.

HQ:Norway

Fund:EV IV

Stage:Early Stage

Field development, facilities & HSE

APL

APL provides advanced production and loading systems for mooring and fluid transfer and the loading of oil and gas into shuttle tankers and pipelines. Its products have set the industry standard in reliability under harsh weather conditions.

Exited in August 2005

HQ:Norway

Fund:EV I

Stage:Growth

Reservoir evaluation & exploration

ARKeX

ARKeX reduces technical risk with integrated airborne/marine gravity gradiometry BlueQube surveys to quickly and economically image structures in challenging geologies.

HQ:UK

Fund:EV I

Stage:Early Stage

Field development, facilities & HSE

Caltec

Caltec delivers high value production boosting and separation technology, enabling companies to make maximum use of existing energy and facilities.

Trade sale in September 2008

HQ:UK

Fund:EV I

Stage:Growth

Drilling & Well construction

Cubility

Cubility offers a cost efficient and novel solution that simplifies the fluid cleaning system by replacing multiple components with one enclosed integrated system. This solution improves ROP and HSE and reduces mud loss.

HQ:Norway

Fund:EV II

Stage:Early Stage

Field development, facilities & HSE

DDS

DDS delivers a compact subsea & pipeline compression system with high-speed permanent magnet motors & generators. DDS was bought by FMC Technology in September 2009.

HQ:US

Fund:EV III

Stage:Early Stage

Field development, facilities & HSE

DeepFlex

DeepFlex offers the only unbonded flexible pipe for offshore production. Improves flow assurance due to strength, corrosion-resistance & ease of installation.

HQ:US

Fund:EV II

Stage:Early Stage

Reservoir evaluation & exploration

Ingrain

Ingrain delivers near real-time precise measurements of physical properties of reservoir rocks and drill cuttings using MRI/CT scanning and patented computational methods.

www.ingrainrocks.com

HQ:US

Fund:EV II / III

Stage:Early Stage

Drilling & Well construction

IWC

IWC has developed an innovative through-bore method for mud pulse/pressure pulse communication from MWD/LWP to surface. The system significantly improves the efficiency of the mud-pulse system. IWC was sold to Halliburton in November 2013.

HQ:UK

Fund:EV IV

Stage:Early Stage

Drilling & Well construction

Meta Line Hanger

Meta provides downhole isolation products using its patented METALMORPHOLOGY™ technology. This utilizes metal-to-metal seals for life-of-well isolation applications.

HQ:UK

Fund:EV III

Stage:Growth

Intervention, completion & lift

Metron

HQ:Norway

Fund:Progressus

Stage:Growth

Reservoir evaluation & exploration

MTEM

MTEM offers innovative Electromagnetic surveying to determine the existence and extent of hydrocarbons in land & marine reservoirs. MTEM was sold to Petroleum Geo-Services ASA (OSE, NYSE: PGS) in June 2007.

HQ:UK

Fund:EV I

Stage:Early Stage

Decommissioning

NCA

NCA is a specialist provider of repair and maintenance, P&A and decommissioning. Offices in Stavanger, Houston, Aberdeen, Dubai and agent in Egypt.
Trade sale in 2011

HQ:US

Fund:EV I

Stage:Growth

Reservoir evaluation & exploration

NovaDrill

NovaDrill is developing next generation Rotary Steering Tools, MWD/LWD Tools and PDC Bits that will revolutionize geosteering & drilling performance.NovaDrill was sold in February 2010.

HQ:US

Fund:EV III

Stage:Early Stage

Field development, facilities & HSE

Omniware

Omniware AS developed state-of-the art operational risk management software within the segments of Health, Safety and Environment (HSE) and Contract Management. The company was based in Kristiansund, Norway. Ominiware was sold in 2011.

HQ:Norway

Fund:EV I

Stage:Growth

Field development, facilities & HSE

Oscomp

OsComp provides a unique end-to-end transportation solution for natural gas with their virtual pipeline system, making it easy for customers to switch to natural gas a primary energy source. Integral to our company’s expertise is designing, developing, installing, maintaining and repairing natural gas equipment.

HQ:US

Fund:EV IV

Stage:Early Stage

Intervention, completion & lift

Oxane

Oxane Materials, Inc. manufactures the only nano-structured ceramic proppants with strength/weight ratios that provide a paradigm shift in proppant transport & conductivity.

HQ:US

Fund:EV III

Stage:Early Stage

Field development, facilities & HSE

Pangeo

Pangeo Subsea provides underwater acoustic technology services aimed at identifying geohazards, before major seabed construction and installation projects.

www.pangeosubsea.com

HQ:Canada

Fund:EV II

Stage:Early Stage

Drilling & Well construction

READ Cased Hole

READ Cased Hole is a leading independent provider of downhole well assurance services focused on well integrity, leak detection and flow profiling, from drilling to abandonment.

HQ:UK

Fund:EV III

Stage:Growth

Intervention, completion & lift

Red Spider

Red Spider specializes in supplying innovative downhole intervention and completion products, most of which use its proprietary Remote Open Close technology. The products create significant value for clients through enhanced well performance and rig time saving. Red Spider was sold to Halliburton in December 2012.

HQ:UK

Fund:EV III

Stage:Growth

Intervention, completion & lift

Sagerider

SageRider combines a portfolio of technology-focused products with a project management service model that provides clients with a “one-stop-shop” for reservoir monitoring, and completion technology.

www.sageriderinc.com

HQ:US

Fund:EV IV

Stage:Growth

Reservoir evaluation & exploration

Seabed Geophysical

SeaBed Geophysical AS is a service company that specializes in seabed seismic. The company can provide all aspects of seabed seismic; feasibility studies and pre-survey planning, data acquisition, on site QC, data processing and interpretation.

HQ:Norway

Fund:EV I

Stage :Early Stage

Drilling & Well construction

Sense EDM

Sense EDM AS is a supplier of intelligent rigs, innovative tubular handling systems and control systems to the international oil & gas industry. Sense EDM was sold to TTS Marine ASA in April 2007.

HQ:Norway

Fund:EV I

Stage:Growth

Drilling & Well construction

Sense Intellifield

Sense Intellifield is an innovative supplier of e-field technologies. Sense’s technology enables oil and gas companies to realize substantial cost savings and productivity improvements. Sense Intellifield was sold to Kongsberg Maritime in December 2006.

HQ:Norway

Fund:EV I

Stage:Growth

Field development, facilities & HSE

Sigma

Sigma provides cost-efficient combined mooring and flow line transfer solution for FPSO, FSO and EPS and EWT markets. Sigma is based in Aberdeen, Scotland.

HQ:UK

Fund:EV II

Stage:Early Stage

Reservoir evaluation & exploration

Stingray

Stingray Geophysical is a leading fibre-optic based, permanent reservoir monitoring solutions company. Stingray’s sole focus is providing the most advanced permanently installed reservoir monitoring solutions.Stingray was sold to TGS NOPEC ASA in April 2011.

HQ:UK

Fund:EV II

Stage:Early Stage

Field development, facilities & HSE

Viju

HQ:Norway

Fund:Progressus

Stage:Growth

Intervention, completion & lift

Ziebel

Ziebel AS provides innovative, lightweight and cost effective long-reach well intervention conveyance technology and logging solutions.

HQ:Norway

Fund:EV II

Stage:Early Stage