Oil & Gas

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In­de­pen­dent pri­vate equity firm En­ergy Ven­tures has ear­marked USD200 mil­lion to help boost North Sea businesses dur­ing chal­leng­ing times for the oil and gas in­dus­try.

The or­gan­i­sa­tion is look­ing to in­vest in com­pa­nies which need ac­cess to fi­nance to sta­bilise their com­pany or to help with con­tin­ued growth.

To­mas Hvamb, En­ergy Ven­tures’ Aberdeen- based in­vest­ment di­rec­tor, said that En­ergy Ven­tures is one of the few oil and gas pri­vate equity funds in­vest­ing at this time. “In the past 20 months we have made three plat­form in­vest­ments in the North Sea and a to­tal of 11 in­vest­ments in­clud­ing add- ons in the same pe­riod. The ad­di­tional fund­ing of USD200 mil­lion, which we have set aside, is tes­ta­ment to the com­mit­ment we have to the area. We be­lieve in the North Sea and the op­por­tu­ni­ties it continues to of­fer for do­mes­tic and in­ter­na­tional growth.

“We look to part­ner with ta­lented man­age­ment teams in ser­vice and tech­nol­ogy com­pa­nies with high growth po­ten­tial and seek to in­vest be­tween USD10m-USD40m in each com­pany. En­ergy Ven­tures will in­vest in proven com­pa­nies where we can see where our cap­i­tal can pro­vide a strong cap­i­tal base to sup­port the com­pany and man­age­ment in their next growth phase. At a time when ac­tiv­ity lev­els in the in­dus­try have been down, many com­pa­nies are un­der pres­sure from the banks to delever their bal­ance sheet and we can as­sist in this. By pro­vid­ing ad­di­tional work­ing cap­i­tal and by work­ing in part­ner­ship with them, we can help them move for­ward pos­i­tively, while in­vest­ing in their future.”

En­ergy Ven­tures is an in­de­pen­dent pri­vate equity firm ac­tively seek­ing in­vest­ment in com­pa­nies that de­liver a mar­ketable, pro­pri­etary prod­uct or ser­vice with po­ten­tial in the up­stream sec­tor.

Part­ner Greg Her­rera, said that En­ergy Ven­tures has a proven track record of in­vest­ing in high growth com­pa­nies, not just in the North Sea, but across the globe.

“Our model is based on sup­port­ing growth of dif­fer­en­ti­ated ser­vice and tech­nol­ogy com­pa­nies that pro­vide so­lu­tions to long-term oil­field chal­lenges, which we view as the key to im­prov­ing de­clin­ing pro­duc­tion lev­els and boost­ing fur­ther re-in­vest­ment. The ad­di­tional fund­ing that we are cur­rently mak­ing avail­able is there to help businesses in the North Sea who may be find­ing trad­ing con­di­tions par­tic­u­larly chal­leng­ing just now due to the low oil price. We are keen to part­ner with them to help them through this pe­riod and beyond.”


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