Tor Espedal joins HitecVision as Senior Partner

Stavanger, 22nd of February

Tor Espedal brings more than 22 years of international oil and gas experience to HitecVision. Espedal comes from the position as Vice President of Subsea7’s activities on the Norwegian Continental Shelf.  Subsea7 is one of the world's leading subsea engineering and construction companies, and during his tenure the turnover for the Norwegian operations quadrupled (to approximately MUSD 500), while at the same time doubling the EBITDA margins. 

Prior to joining Subsea7, Espedal worked 17 years for Statoil in a number of business areas and locations. During his last years at Statoil, Espedal worked on Statoil’s international E&P strategy (Acquisitions and Divestments) with particular responsibility in the Latin American region. Espedal has extensive international experience, having led a number of major projects and contributed building Statoil’s international presence. Espedal has an extensive network in the industry, both nationally and internationally.

Tor Espedal is a member of the board of subsea unit of the Norwegian shipowners’ Association (Rederiforbundet) and sits on the board of Norwegian Oil Industry Association (subsea).

Ole Ertvaag, Founding Partner and CEO of HitecVision, states: “I am very pleased that we finally have been successful in attracting Tor Espedal to HitecVision. We have known Tor for a number of years and been following his successful track record as a manager and business developer. His deep knowledge as a supplier of services to the industry and his experience as an operator in the oil and gas industry fit ideally with HitecVision.”

Tor Espedal comments: “Having followed HitecVision closely over the last years, I am impressed with their achievements and ambitions for further growth. I am excited to get the opportunity to now actively work with HitecVision and develop companies in the industry I have spent my entire career ”. 

Mr. Espedal will be based in HitecVision’s main office in Stavanger.