HitecVision IV

STG

• HitecVision IV
• Subsurface
• Drilling and Downhole
• Norway
• Current portfolio
• STG

Subsea Technology Group is a holding company for the Fund's investments in Ross Offshore and Well Processing.

Ross Offshore AS has been a leading provider of Consultancy, Engineering and Project Management services for the Energy Industry since 1997. The company offers unrivalled access to one of the most competent resource pools in the business.

Well Processing is a provider of solutions for Increased Oil Recovery (IOR). In particular, the company has developed SWIT, a patented technology for seabed treatment of raw seawater, making it suitable for injection into oil reservoirs. The company works as an engineering partner and can supply subsea treatment units, technology licenses, or subsea injection designs.

• Segment:Drilling & Downhole / Subsurface
• Location: Norway
• Status: Active
• Year of sale:  
• Year of investment: 2008
• Web page: rossoffshore.no sea-box.no

APPLY

• HitecVision IV
• Norway
• Current portfolio
• APPLY

Apply is one of the largest providers of technology, engineering and construction services for the Norwegian oil and gas industry, with a global scope in certain specialised niches. The company is one of the major providers of services in the Maintanance, Modifications & Operations segment in Norway, and the largest global provider of Living Quarters for offshore platforms.

Apply comprises the following business areas:

• MMO/EPCI (with Apply Sørco as Centre of Excellence)
• Living Quarters & Assembly (with Apply Leirvik as Centre of Excellence)
• Systems & Products (with Apply Oil &Gas as Centre of Excellence)
• Solutions and Service (with Apply TB as Centre of Excellence)
• Subsea (with Nemo Engineering AS Centre of Excellence)

Apply consists of the following companies: Apply Sørco, Apply Capnor, Apply Leirvik, Apply Leirvik Emtunga, Apply Leirvik Reanco, Apply TB, Apply Oil & Gas, Nemo Engineering, Nemo Technology and several subsidiaries in a number of countries.

Apply has an annual turnover of about 3 billion NOK and approximately 2000 permanent employees, of which more than 900 are working within engineering and project management.

• Segment: Field Development / MMOD
• Location: Norway
• Status: Active
• Year of investment: 2007
• Year of sale:  
• Web page: www.apply.no

Valco Group

• HitecVision IV
• Field Development
• MMOD
• Norway
• Current portfolio
• Valco Group

Valco Group manufactures and services industrial valves for a wide range of industrial applications. The Group has two main manufacturing companies: Westad Industri AS in Norway and SNRI SAS in France, as well as specialised trading and servicing companies.

Valco Group supply valves and related products and services for applications worldwide within the Marine sector, Oil & Gas upstream, Oil & Gas downstream and Energy & Industry, with cryogenic valves a speciality.

Valco is part of the AT Group.

• Segment: Field Development / MMOD
• Location: Norway
• Status: Active
• Year of investment: 2006
• Year of sale:  
• Web page: www.valcogroup.no

Aarbakke Group

• HitecVision IV
• Drilling and Downhole
• Field Development
• Norway
• Current portfolio
• Aarbakke Group

Aarbakke is a leading supplier of precision manufacturing services to the oil and gas industry, specializing in the manufacture of subsea and downhole equipment to extreme quality standards.

Aarbakke Group AS consists of Aarbakke AS, Brd. Bauer-Nilsen AS, and IOS Tubular Management AS. Aarbakke is one of Europe’s leading suppliers of machining services. A constantly renewed machine workshop and equally skilful, well educated and motivated employees lets Aarbakke deliver top quality products on time and on budget. Aarbakke develops, constructs, machines, tests and controls products for the oil industry, in particular specialised products in short series.

Aarbakke is part of the AT Group.

• Segment: Drilling and downhole / Field Development
• Location: Norway
• Status: Active
• Year of investment: 2006
• Year of sale:  
• Web page: www.aarbakke.com

Technor

• HitecVision IV
• Field Development
• MMOD
• Norway
• Current portfolio
• Technor

The Technor companies manufacture and distribute electrical equipment for use in hazardous environments. Technor has manufacturing operations in France and Italy, with distributors in several other countries. Technor is part of the AT Group.

• Segment: Field Development / MMOD
• Location: Norway
• Status: Active
• Year of investment: 2006
• Year of sale:  
• Web page: www.technor.com

SPG AS

• HitecVision IV
• Field Development
• MMOD
• Norway
• Current portfolio
• SPG AS

Vector is an internationally recognized manufacturer of proprietary pipe connection and sealing solutions and subsea applications, with as main products being the SPO compact flange, the TECHLOK clamp connector and the OPTIMA subsea connector. Vector has manufacturing facilities in Norway and Wales, and distribution centres worldwide.

Vector is part of the AT Group.

• Segment: Field Development / MMOD
• Location: Norway
• Status: Active
• Year of investment: 2006
• Year of sale:  
• Web page: vectorint.com