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Exited Investments

Exited Investments
Portfolio Categories
  • All
  • Drilling & Well Construction
  • Field Development, Facilities & HSE
  • Intervention, Completion & Artificial Lift
  • Reservoir Evaluation & Exploration
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  • Norway
  • United Kingdom
  • USA

Sense EDM AS

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.


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

Norse Cutting & Abandonment AS

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

SeaBed Geophysical AS

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.


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.


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


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.

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.


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


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


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.

Reality Mobile®

Reality Mobile® provides enterprise software for real time video communication using existing infrastructure to enhance mission critical decision making by enabling subject matter experts on-demand.


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.

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.


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


Energreen, later changed its name to Zeropex developed the RotaChoke technology to generate and harvest clean energy from pressure drops in fluid process systems, such as produced water discharge and in water utility systems. Based in Sandnes, Norway.

Trade sale in 2013

Advanced Production and Loading AS

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


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.




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


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.

Ziebel AS

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


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.


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.

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.

Oxane Materials, Inc.

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

Stingray Geophysical

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.

Sigma Offshore Ltd

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.


Clerk Maxwell

A leading independent engineering consultancy providing a wide range of high quality services in the oil & gas industry across subsea, topsides and onshore sectors.