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Based on experience and knowledge

Board

Espen Strøm – Chairman of the Board, Investment Director EV Private Equity

Espen has worked for EV Private Equity (former Energy Ventures) for more than 12 years. In his tenure with the firm he has great experience from investing into technology growth companies, developing and commercializing new products, building strong teams, and taking an active role in assisting the companies execute on their strategic plans. Prior to EV Private Equity, Espen started his career with EY and ExxonMobil.

Espen has served on the board for several oil and gas service companies, and is currently a board director for Reach Production Solutions, Rival Downhole Tools LLC and Workover Solutions Inc.

He received his MSc in Finance from Norwegian School of Economics and Business Administration (NHH), and is a Certified European Financial Analyst (CEFA/AFA) from NHH.

Per Arne Jensen – Board Member, Senior Partner EV Private Equity

Per Arne Jensen has 25 years of industry experience gained in international markets working on M&A, technological development and growth.

From 1999 to 2006 he was the Chief Executive Officer of porcelain manufacturer Figgjo, guiding the company´s business turnaround and global expansion. Prior to Figgjo, he was Vice President of IT company Computer Advances Group ASA (CAG), where he led strategic development, acquisitions, the IPO work and investor relations. He began his career with IRIS, the internationally renowned oil and gas research institute, working on new technology and software for drilling and well applications. He has also worked for Statoil and Western Geco on software development within the reservoir and G&G space.

He is also a former Chairman of the Board of both the Norwegian Design Council the Norwegian Centre for Design and Architecture.

He holds an MSc in Strategy and Finance from the Norwegian School of Economics (NHH) and an MSc in Software Development from the Norwegian University of Science and Technology (NTNU).

Øyvind Mikaelsen – Board member, Chief Executive Officer (CEO) and Executive Director, DeepOcean

Øyvind has 30 years of experience in the global subsea business in a number of senior executive roles. He is currently CEO and Executive Director of DeepOcean and prior to that he was Executive Vice President of Subsea 7. He began his career in the oil and gas industry with Kvaerner Rosenberg A/S in 1988 and moved to Norske Shell before joining Subsea 7 in 1992.

Øyvind holds a Master of Science degree from the University of Trondheim in Norway.

Åge Landro – Board member, Chief Executive Officer (CEO), Altus Intervention Group

Åge has more than 15 years of experience in the oil and gas industry in areas including maintenance, modification and operations, production, contracted drilling management and reservoir management services.

He began his career with Kvaerner Oil & Gas in 2001 and joined the AGR Group in 2004 where he held several senior management positions during his 11 years with the company. During the time AGR Group developed into a provider of a wide range of services to the global oil and gas and in 2012 he became CEO. He was involved the strategic development and transformation of the business, M&A, internationalisation and finally the sale of the various businesses within the company to current owners. Since 2016 Åge has been the CEO of Altus Intervention Group, a global provider of well intervention services.

Åge has been responsible for transactions valued at more than NOK 3,6 billion. He holds a BSc degree in Civil Engineering from Western Norway University of Applied Sciences (Høgskolen i Bergen).

Jørgen Arnesen – Board member, Chief Executive Officer (CEO), Deepwell AS

Jørgen has 26 years of experience working globally in the oil and gas industry, developing and managing drilling and service companies.

He began his career with Odfjell Drilling working both onshore and offshore. He spent 14 years with Odfjell Drilling and Odfjell Well Services during which he held several senior management positions in Norway and internationally. In 2006 he moved to Stena Drilling in Aberdeen as Deputy Managing Director.

In 2008 he joined Awilco Offshore in Norway as a Vice President Operations, responsible for building the company as a new drilling contractor in the North Sea. When COSL Norwegian acquired Awilco in 2008 Jørgen became VP Operations and two years later the CEO and President of COSL Drilling Europe AS. In May 2019 he joined Deepwell AS as CEO

Jørgen holds a Bachelor of Business and Administration from the BI Norwegian Business School (BI Bergen), a BSc in Electro-Technology from the College of Engineering in Bergen and a BSc in Petroleum Technology from the University of Stavanger (HSR Stavanger).

Per Kristian Nagell - WellConnection board

Per Kristian Nagell – Board member, Partner in Raadvill Ledelse

Per Kristian Nagell has 25 years of senior management experience in the oil and gas industry.

He started his career in the Norwegian Air Force as a helicopter pilot and served as an officer for 10 years. He joined the industry through the offshore helicopter sector in which he has held positions as chief pilot, operations director and CEO. After 15 years he moved to an onshore position as CEO of SAR, a company which handles and treats all types of hazardous waste for the oil and gas industry. Under his leadership SAR underwent major growth including a successful international expansion. He has broad experience from M&A activity during his time with SAR.
Mr Nagell has held a variety of Board positions as a Director and Chairman.
In May 2019 he joined Raadvill as a Partner.

He studied at the Air Force academy in Trondheim. And has a Master of Management degree from the BI Norwegian Business School

Jim Geddie – Board member, Owner of Apex Tubulars Ltd

Jim Geddie has more than 35 years’ experience in the oil and gas industry, 28 of these as company director and owner. He started his career as a tubing inspector working both offshore and onshore and was just 28 when he first achieved director status in 1991 after a management buyout of Oiltube Ltd. Jim continued to grow the business before selling to John Lawrie Group.

Jim started work with Apex Tubulars in 1997 as General Manager to focus on the start-up of the service division. In 2000 he took part in a management buyout to take control of 60% of the company before a full buyout the following year. The tubular inspection division was sold in 2011 to operate under another name and Jim continues to own and run Apex Tubulars, the OCTG trading business which is forecast to turnover over $35m in 2019.

In 2014 Jim set up IOS, recognising the need for a lower cost alternative for storage and tubulars, and in the downturn was able to grow it to a £2m EBIDTA business within five years before being acquired by WellConnection in 2019.

Jon Arne Ramsland – Board member, Partner in Ramsland Hold

Jon Arne Ramsland has more than 12 years management experience from the oil and gas industry. He has held several administrational and operational management positions in the Oil Service industry and was the MD of Wepco from 2014 to 2020 and the Chairman during the sale to WellConnection. Under his management, Wepco was restructured and further developed and improved, leading to a sale of the shares in 2020. John Arne holds several board positions through his active ownership in Ramsland Holding.

Jon Arne holds a Bachelor of Business Management from Scandinavian School of Management.