PRODUCTION APPRAISAL
Funding appraisal well against farm-in share in new fields
EARLY PRODUCTION
Staged development
CAPITAL EFFICIENCY
Favoring returns over NPV
Rapid Oil
We focus on Speed:
– Our management team is always ready to enable great projects, by…
Keeping our developments simple;
Standardizing our procedures;
Working with the same preferred partners.
We focus on Innovation:
– Production Appraisal: Better data leads to better decisions – and is self-funding;
– Early Production: Start-up production during development improves the cash flow profile;
We focus on Returns:
– Our philosophy is to generate cash flow early…
So we can reduce upfront capital
And increase returns meaningfully.
We focus on Reducing Risks:
Operational risks through cooperating with world class contractors and suppliers;
Financial risks: Phased investment, early validation of project viability and short cycles;
Environmental impact: through right-sizing of projects and an uncompromising focus on safety
Contact us!
Our Team
With a strong and experienced team, combined with a unique capital structure, Rapid Oil is built to make a difference.
Hallvard Hasselknippe
CEO
Experienced executive with 35 years in the O&G business with background from NPC, Statoil, Saga Petroleum and TechnipFMC. Multiple roles in Technip/TechnipFMC include MD Norway, President Subsea APAC and group President Subsea and member of the Executive Committee. In the latter, leading a multi billion P&L, the responsibilities included mega EPCI projects, a number of manufacturing, services and construction sites, high spec fleet, a global workforce as well as various Board positions .
Tom Kristiansen
CTO
Experienced oil & gas executive with more than 30 years experience from the oil industry, mainly in BW Offshore and ABB Offshore Systems. Strong background from process engineering and floating production.
Sven Tiefenthal
Subsurface
Oil & gas executive with 35 years of experience, including roles as reservoir engineer and subsurface coordinator for Exxon Mobil, Shell, Addax Petroleum, Petroceltic International and AGR Petroleum. Founding partner of Petroleum Equity.
Read More
Ole Wiborg
CFO
Extensive experience as senior executive in the E&P and oil service sectors. More than 20 years experience as CFO in public and private companies including shipping, VC, finance, and E&P companies. Several years as regional credit department head in major international bank.
Paul Griffin
UK
Oil & gas executive with close to 40 years of experience in the UK NS and internationally. He was Managing Director of Dana Petroleum UK, and various onshore and offshore positions with Enterprise Oil including VP Operations in the US and Project Manager for major North Sea projects
Highly experienced Board of Directors
Directors with solid industry reputationDirectors with solid industry reputation
Geir Aune
Chairman
More than 20 years experience as CEO or Executive Chairman in public companies, mostly related to the oil and gas service industry. Examples are Ocean Rig, DSND Subsea, Wilrig, plus NCL and others.
Executed wide array of corporate and capital market transaction in public companies
Georges Lambert
Director
Member of the board of Tenders Page SA, and Rapid Oil.
Member of the Investment committee of Move Capital (PE fund).
20 years experience investing in public Energy and Tech equities at The Capital Group, one of the world’s largest fund managers.
Svein Olsen
Director
Active in the offshore O&G business for more than 45 years. Co-founder and CEO of Tentech Intl’ (first FPSO in the North Sea), Fred Olsen Production, Bergesen Offshore (BWO) and Aker Floating Production, including the contracting of 8 FPSOs, operational management of 7. Operating regions have been South and West Africa, South America, Mexico, India and the North Sea.
Simon Farrant
Director
30 years diverse experience in senior management and operations in the global energy industry. Leadership roles at Schlumberger included Investor Relations (reporting to the CEO) and North Sea Operations (one of the largest and most technically challenging geomarkets). He also managed the $11 billion
acquisition and integration of Smith Intern
Peter Goode
Director
40+ years of experience in the E&P and oil service industry. Chairman of GR Energy Services. Led and sold several companies, including Vetco, Global Oilfield Services. Held a variety of executive positions at Schlumberger, including President of Reservoir Management, Well Completion and Productivity, SIS and IPM, reporting to chairman and CEO
A. Gould. E&P
experience with Santos and Sohi.
Owen Kratz
Director
More than 40 years of experience in the oil and oil service industry.
Currently Director and CEO of Helix Energy Solution Group. He has also held the positon as Executive Chairman in the same company.
He has held several operational positions in Helix over the years, including COO