INTRODUCTION

Audun M. Martinsen is Partner and Head of oilfield service research at Rystad Energy. He started in 2011, and is managing the oilfield service team as well as being the Product Manager for the three commercial oilfield service databases DCube, SCube and WellCube. His fields of expertise include the global offshore and onshore oil service market, E&P cost analysis and supply and demand studies. He holds a Master of Science in Marine Engineering from the Norwegian University of Science and Technology (NTNU) and University of Berkeley, California, and an Executive Master of Management Program within finance from BI.  He has broad experience within the E&P and oil service industry with previous engagements at Coriolis, Shell and BW Offshore where he has worked as a lead engineer, product developer, system consultant and analyst.

1. Are you a morning or evening person, and how does this affect your work at Rystad Energy?

I am a morning person. I like to arrive at work early on and update myself with the latest news about the oil and gas industry. Monitoring closely oilfield service companies and their expected market development is crucial to add values to our clients in the industry.

2. How do you work with the different departments at Rystad Energy?

Rystad Energy is an incredibly efficient and flat organization where you work closely across different departments. One day, I spend a day improving detailed statistical algorithms that is the basis for our databases with our Tech Department. On another day I find myself collaborating closely with Sales and Marketing to commercialize our recently research materials. Then on the next day, I deliver a presentation to the Board of Directors about various impacts on the oilfield service industry together with our Consulting team. No day is the same and that is what makes the work interesting here.

3. Why should people work for Rystad Energy?

Rystad Energy is a perfect for highly motivated and skilled individuals with an entrepreneurial and creative mind. If you want great exposure and a steep learning curve of the oil and gas industry, this is the place for you. The company offers great career development opportunities that allow you to gain in-depth knowledge and work closely with top management in the industry.

4. When you are not working for Rystad Energy, what do you do?

I enjoy being outdoor by going for a long and fast run in the forest in the summer, or skiing down the slopes in the winter.

Simon Sjøthun is a Project Manager with Rystad Energy with experience from E&P and oil field service projects. He is a key member of the Rystad Energy NCS Solution team and has extensive knowledge about upstream activities on the Norwegian Continental Shelf. Simon has also worked with valuation support, transaction activities and gas infrastructure assessments. He graduated from NHH and EM Lyon, France.

INTRODUCTION

Bjørnar is Head of Oil Markets in Rystad Energy and manages the Oil Markets Team. He is product manager for the Oil Market Solutions (Oil Market Analytics, OilMarketCube and Oil Market Update) and is Rystad Energy’s main expert on oil market fundamentals and macro. He also contributes to UCube’s liquids production data and Rystad Energy’s house view on the oil market. Bjørnar also contributes in various consulting projects involving oil market analysis. Bjørnar holds a Master of Science degree in Industrial Economics and Technology Management from NTNU (Siv.ing.) and also a mechanical engineering degree (BSc.) from the Oslo University College (HiO). He has previously worked for Nordea Markets, the financial brokerage arm of the largest bank in the Nordic region, as a Commodities Strategist primarily focusing on the oil products markets. He has also worked for Orkla Finans, the investment brokerage subsidiary of Orkla.

1. What is your main role at Rystad Energy?

Rystad Energy’s main expert on oil market fundamentals and team leader for the Oil Market Team. 

2. What do you enjoy most at Rystad Energy?

I enjoy working with all the talented, knowledgeable and pleasant colleagues and learning something new every day.

3. What has your greatest achievement been at Rystad Energy?

Bringing the Global Oil Market Trends Report to the market in 2015 and the OilMarketCube in 2018.

4. How do you work with the different departments at Rystad Energy?

We work closely with all departments across Rystad Energy, from technology and consulting, to sales and marketing.

5. Why should people work for Rystad Energy?

If you are ambitious and enjoy working in a multi-cultural, professional, fact- and data-oriented working environment, Rystad Energy is the place to be. We are a dynamic, young company in growth with huge ambitions as a global knowledge house for oil and gas.

6. Where is Rystad Energy heading?

We are continuously expanding our presence, client base, knowledge base and product suite. I believe Rystad Energy has the capacity to become the global leader in energy market data and analysis.

INTRODUCTION

Henrik holds an MSc. in Petroleum Geology from the Norwegian University of Science and Technology and is currently Senior Vice President - Government Relations at Rystad Energy. He has more than 25 years of experience in the E&P and oilfield service industry and has worked as a consultant for 15 years in the E&P industry, assessing geological and economic uncertainties. Since 2005, Henrik has held several senior management positions at different companies such as Roxar (Emerson), Schlumberger and Rystad Energy.

1. What do you enjoy most at Rystad Energy?

Being an employee in Rystad Energy leaves you with great possibilities to develop your oil and gas knowledge. The unique blend of enthusiastic and skilled colleagues and high quality global databases creates a splendid possibility to share our knowledge with our clients. I have always enjoyed doing a mix of analysis and assessments and working directly with our existing and potential clients.

2. Describe the culture at Rystad Energy.

The culture in the company very much reflects the ‘can do’ attitude. Here you receive a lot of responsibility as well as trust and support. The oil and gas industry is extremely international, and real success comes through the company’s ability to reach out globally. Rystad Energy has a true international focus in terms of people, presence and world class products. Nevertheless, I still see a great potential to expand further on what we have achieved so far.

3. Why should people work for Rystad Energy?

Working with crucial high quality data on the E&P and the oilfield service industry, from very detailed asset level up to aggregated global levels, leaves you with a unique opportunity to create powerful analysis for decision makers. This applies to both the industry and governmental institutions. That is what makes it attractive to work here. If you have a strategic mindset and would like to gain exposure to the oil and gas industry, this is the place for you.

4. Where is Rystad Energy heading?

Rystad Energy is as a fast moving and ever expanding company even amid the industry’s downturn. The company invests in the future, by constantly employing new, brave, smart and skilled people. The employees here and their skills are trusted to be the foundation for future growth and expansion. The company constantly focuses on quality to ensure true international success.

INTRODUCTION

Markus Nævestad’s expertise lies within oilfield services, including market strategy development, competitor analysis and company screening. Markus also has broad experience within E&P strategy analysis, including value creation analysis, competitor benchmarking, asset/company target screening and more. He has vast experience in working with private equity companies and oilfield service companies in strategic and commercial due diligence processes, both locally and globally. Markus is in charge of the team behind the Oil Service Report Norway. He holds a M.Sc. in Industrial Mathematics from NTNU, Norway, with specialization in statistics, including work experience on risk analysis aimed at the oil industry.

Olga Kerimova is a Senior Analyst at Rystad Energy with main responsibilities in analyzing oil and gas data in unconventional oil plays, asset shale modeling, and overall data consistency. Olga joined Rystad Energy in August 2011. She holds an M.Sc. in Environmental and Development Economics from the University of Oslo, Norway, and a B.Bus.Sci. (1st class Honors) from the University of Cape Town, South Africa.

INTRODUCTION

Jo Husebye has extensive experience in oil and gas strategy advisory. He has been with the company since 2011 and led a number of projects for international oil and gas companies, oil service companies, investors and organizations. His areas of expertise include energy macro and energy transition, global and regional gas markets, GHG emissions from the oil and gas industry, E&P strategy and oil service industry analysis. Jo has also worked as a research scientist for SINTEF Energy Research, focused on gas technologies and optimization of CO2 capture, transport and storage. He holds a M.Sc. in Industrial Economics and Technology Management from the Norwegian University of Science and Technology with specialization in finance and real option valuation.

1. How was your first day at Rystad Energy?

It was a great day and I met a group of enthusiastic and knowledgeable colleagues.

2. What is your main role at Rystad Energy?

I manage and execute consultancy projects, providing our clients with high quality insights and the right decision support.

3. What do you enjoy most at Rystad Energy?

We can utilize our unique knowledge base, tools and data to efficiently to develop new energy perspectives and support our clients in making the right decisions.

4. Why should people work for Rystad Energy!

Be a part of a leading knowledge house within the global energy space – building a strong knowledge platform together with Rystad Energy colleagues and key industry stakeholders.

5. Where is Rystad Energy heading?

The right direction – with a strong foundation within oil and gas, we are on our way to create transparency in adjacent energy markets.

INTRODUCTION

Jon Marsh Duesund has been with Rystad Energy since 2009 and has lead multiple projects assessing topics such as transaction due diligence, subsea markets, technology validation, oil and gas activity in arctic regions and more. He was also involved in the creation of the North American Shale Report and subsequent products which track the activity in unconventional oil and gas across United States and Canada. Jon holds a M.Sc. in Industrial Economics from the Norwegian University of Science and Technology, with specialization in operations research and process technology, including a graduate exchange program at UC Berkeley.

1. How was your first day at Rystad Energy?

Chaotic, Jarand wanted me to work on 3 projects at once, with the first one to be delivered in two days!

2. What is your main role at Rystad Energy?

Managing consulting projects, leading day-to-day activities and coordinating between the client, partners and team members.

3. What do you enjoy most at Rystad Energy?

The people working here, the diverse range of projects and the pragmatic attitude and positivity, i.e. not bureaucratic.

4. Describe the culture at Rystad Energy!

Pragmatic, Positive, Creative and Informal.

5. Where is Rystad Energy heading?

Global domination within the oil and gas data space.

Courtney Sims joined Rystad Energy in April 2014 as the Senior Client Analyst for the Americas and now serves in the same role for the EMEA Region. Prior to Rystad, Courtney spent five years in the oilfield services sector focused on market assessment and analysis. With this experience on the client side, Courtney is able to effectively assist clients as they conduct the analysis that she once did herself.  Now, Courtney ‘s expertise is providing training and support for a wide-range of clients including E&P, Oilfield Services, Investment Banks, and other Management Consulting firms.  Her experience at Rystad Energy and with these clients has enabled her to speak to and assist in thoughtful analysis for many different sectors within the oil and gas space.  Courtney holds a MBA in Finance and Management from Tulane University, USA and a BBA in Economics from Baylor University, USA.  Courtney enjoys being the “go to” person for her clients and providing the best and most relevant support she can.

INTRODUCTION

Bim (Bimbola) Kolawole is Business Development Manager –Africa at Rystad Energy. She is also responsible for account management, training and support for clients in the Region. Her area of expertise includes business strategy, general management, business development, training and support as well as project coordination. Previously, Bim worked at IHS Energy where she was responsible for managing selected clients across the Oil & Gas space value chain in the EMEA region. She holds a BSc. in Economics from Ilorin University, MSc. in Energy Finance from Dundee University and an MBA from Leicester University.

1. How was your first day at Rystad Energy?

Almost nostalgic now when I look back – it was such a nice day to meet new people. That is the beauty of Rystad Energy, with over 30 nationalities represented.

2. What is your main role at Rystad Energy?

I am responsible for business development of the African market. Nevertheless, I have been involved in other roles such as supporting clients in the UK with trainings and support since 2014, organizing information sessions in the UK as well as company events and conferences on the African Continent. I also work closely with clients in Africa- this involves travelling to the countries to train and cover new businesses as well, engaging with clients via Web conference, meeting with companies and governmental bodies to promote our databases, research and consulting services.

3. How has your network shaped your position at Rystad Energy?

Being in charge of the Africa region, I know the key to getting business and being successful is to establish strong and credible relationships. It is the very essential method to build confidence in potential clients and that has been my approach since I joined the company in 2012.

4. How does a typical day at Rystad Energy look like?

Extremely busy with starting as early as 7:30 or 8:00 am when I am not travelling on business. There is no typical day. My workday varies from closing a business deal, making a report to conducting a training workshop. What I normally do is to set out specific tasks to focus on each day. My core tasks, however, have always been finding new opportunities for the company and retaining existing clients.

5. When you are not working for Rystad Energy, what do you do?

I spend my time playing golf (at Richmond Park Golf Course or New Malden Drive Range), reading books, networking and public speaking. So far, I have read these following books Social Animal, Petro-Developmental State in Africa: Making oil work in Angola and Nigeria and the Gulf of Guinea, Stand & Deliver, and Capital in 21st Century.

INTRODUCTION

Schreiner began working for Rystad in January of 2016 as a Business Development Manager with a focus in Latin America and U.S. firms. After graduating with honors from the University of Texas with a Bachelor’s Degree in Spanish and Portuguese, Schreiner spent a number of years working for a top U.K. based oil and gas research and consulting firm in their Rio de Janeiro office. Responsibilities included covering the national oil companies on the continent, traveling to their home countries and developing relationships with governments and smaller independent E&P firms in the region. In 2014 Schreiner left that firm to pursue a Master’s Degree in International Oil and Gas Management from the Institut de Hautes Etudes Internationales et du Développement in Geneva, Switzerland. Schreiner is a native Texan who grew up working on a family cattle ranch where he learned Spanish from a young age.

1. What do you enjoy most at Rystad Energy?

Extremely dynamic firm, full of young and energetic people who have a passion for the type of work they do. Rystad Energy is a great mix of a variety of people from different backgrounds, countries and experiences, as international as the oil business itself. Because of this the work environment is always interactive and collegial and everyone is in a position to teach and learn every day. Working for an international intelligence firm offers opportunity to become knowledgeable about all different aspects of the oil and gas industry.

2. What experience did you bring to Rystad Energy?

Having spent several years working in both the U.S. shale space and Latin America I feel like I bring a good mix regional and international experience in the oil and gas business. I’ve worked with all of the national oil companies in the region and have experience with the smaller shale focused E&P players as well. With my educational background and language capabilities I help grow our presence in emerging markets and I appreciate the ability to interact with diverse groups of people in that role.

Magnus joined Rystad Energy in March 2013 as a Management Consultant. In December 2016, he took the role as a Consulting Project Manager, leading consulting projects on a day-to-day basis. Magnus’ field of experience includes strategy and business development, market assessments, commercial due diligence and macro analysis. His main focus has been on global E&P activity, offshore oilfield service and maritime markets, and he is particularly knowledgeable within field development, seismic, drilling and offshore vessels. Magnus is now heading up the Ålesund office, which was opened in October 2018. Prior to joining Rystad Energy, Magnus was employed in Roxar Software Solutions. He holds an MSc degree in Physics from the University of Oslo and a Bachelor Degree in Leadership from Staffeldts University College.

INTRODUCTION

Saad is an experienced professional who was previously working as a Senior Business Intelligence Developer at Rystad Energy. He also worked on several projects including a cost estimation system to facilitate bidding for construction contracts. Saad has experience in different programming technologies from VB6 to C#, from SQL Server to Analysis services, from Crystal reports to Reporting services, and holds a Master’s degree in Computer sciences from University of Punjab, Pakistan.

1. What is your main role at Rystad Energy?

My main role is to ensure that data factory is running all the time as efficiently as possible. Data factory involves combining data provided by our analysts with complex model results and presenting them in the form of a cube, which is the tool we provide to our clients.

2. How do you approach managing your team?

We have detailed backlog tasks and have a system, which we go through the backlog, and based on priorities we plan tasks for next two weeks. Those planned tasks are then distributed among team members based on availability and knowledge. We always try to learn new things and encourage each other to implement the best solution possible.

3. What do you enjoy most at Rystad Energy?

To work with people from all around the world is a great opportunity. It is always fun to see a combination of so many diverse cultures. From a professional point of view, I love that I am free to explore and implement good ideas in the best technical way possible. I look forward to a new day at work when I get out of the bed in the morning.

4. What experience did you bring to Rystad Energy?

I have a lot of experience working with database systems. This involves writing efficient code and making smart structures for retrieving and storing of data. I also have experience with front-end application development, such as how to make valuable data available to users.

5. How have you progressed at Rystad Energy?

Since I started working at Rystad Energy, I have enhanced my database programming skills substantially. People always come with very interesting requirements and to provide them with a good solution is always a key learning aspect of my work. I have also learned a lot about Business Intelligence solutions, for example, how to present the data to accommodate for quick and easy analysis.

INTRODUCTION

Artem is a Partner and VP Analysis in Rystad Energy’s shale well data research team, that is responsible for empirical analysis of well production profiles, completion techniques and economic indicators. Artem is the product manager for the NASWellCube, Rystad Energy’s NAM Shale well database. He is a co-author of the NASReport and one of the key contributors to the NAM Shale section of the OMT Report. He holds an M.Sc. in Financial Economics from BI Norwegian Business School and a B.Sc. in Applied Mathematics with the Major in Statistics from the Novosibirsk State University, Russia.

1. How was your first day at Rystad Energy?

Fairly hectic, yet very exciting. I had a couple of general training sessions in the morning, but already after a lunch our Head of Analysis dropped by my desk to ask me: “What is the status of Texas well data? What is deliverable as of today?” Realizing that I had no chance to even understand the question completely, he further added: “Let us look at this a little bit together”, that defused the situation.

2. What is your main role at Rystad Energy?

Ensuring that we stay up to date on the latest NAM Shale news and trends, while our clients get the best out of Rystad Energy’s shale well database (NASWellCube).

3. What do you enjoy most at Rystad Energy?

Company is predisposed toward continuous development. This applies to both personal growth and implementation of new ideas and solutions. Conservative thinking is often very limited or does not exist at all.

4. Why should people work for Rystad Energy?

Rystad Energy provides great opportunities for people who are willing to create something new continuously. Though the company has grown significantly in recent years, a startup environment remains dominant. Everything you do directly impacts the direction in which the company is heading.

INTRODUCTION

Bielenis is a Senior Analyst with focus on shale asset valuation. She is also project manager for North American Shale, with five years of experience in forecasting production, reserves and economics of shale assets globally. Bielenis holds a M.Sc. in Petroleum Engineering from the University of Oklahoma, USA, which included two years of experience in simulation of reservoir performance.

1. What do you enjoy most at Rystad Energy?

The work here is never boring. Not a single day passes by without energetic tasks or discussions. It is challenging yet exciting and there is always something new for me to learn.

2. What has your greatest achievement been at Rystad Energy?

My proudest achievements have been representing the company in events and presenting our comprehensive analyses on North American Shale and global assets in three continents.

3. What experience did you bring to Rystad Energy?

At the time of hiring, I was the only Petroleum Engineer in the company. I am happy that I was able to contribute my understanding of reservoir behavior to develop models and analyze production data.

4. Describe the culture at Rystad Energy.

It is a young, international, energetic, flexible and dynamic work environment. The company is still growing so things are constantly changing and it is exciting to be a part of it.

5. Why should people work for Rystad Energy?

Because there is exciting growth opportunity for Rystad Energy and you can play a role in expanding the company further.

INTRODUCTION

Sonia Mladá Passos is a Senior Analyst at Rystad Energy. Her main responsibility is the analysis of upstream E&P activities in North America, with a specific focus on shale asset modeling. She is the project manager for the monthly North American Shale Report, published by Rystad Energy. In addition, she is responsible for analyzing the global discoveries and estimating the recoverable resources. Sona holds a degree from the University of Economics in Bratislava, Slovakia, including a graduate exchange program at Universidad de Granada, Spain.

1. What do you enjoy most at Rystad Energy?

The thing I enjoy most about working at Rystad is the diversity – both in terms of the work tasks and in terms of people I work within the company. The working days are never the same, we are often challenged with new tasks that make us look at different topics from a new perspective and think “outside the box”. This is great for our learning curve and it is highly motivating too. At the same time, Rystad is a very international company, so I have the privilege to work with people from different cultures and backgrounds which is truly an enriching experience.

2. What has your greatest achievement been at Rystad Energy?

I do not have a background from the petroleum industry (I studied Economics), so basically everything I know about oil & gas now – I learned at Rystad Energy. Therefore, one of the most important achievements for me is the knowledge I was able to build along the years of working for Rystad, especially in the area of North American Shale and global conventional discoveries. It is thanks to this knowledge that I now often am asked to hold presentations in front of large audiences and write articles to important upstream magazines – and in my view, each of these things is a small achievement that helps the personal profiling.

3. Are you a morning or evening person, and how does this affect your work at Rystad Energy?

I am an early bird, which actually is beneficial for me when it comes to working at Rystad. A lot of people arrive in the office around 9am, so the time between 8am and 9am is typically very quiet and perfect for concentration.

4. When you are not working for Rystad Energy, what do you do?

I consider myself a very active person and I fill up my evenings and weekends with many different activities. I like going for long walks in the beautiful Norwegian nature, and I practice several sports. I also adore cooking and use my creativity to make my own recipes. And last but not least, I am very passionate about painting.

INTRODUCTION

Oddmund is a VP Oilfield Service Research. His primary focus is on the analysis of the global offshore drilling market as well as the production and spending on the Norwegian Continental Shelf. He is also the Product Manager for RigCube, Rystad Energy’s demand & supply database covering all moveable rig activity globally. Oddmund holds a Master’s degree in Financial Economics from the Norwegian School of Economics, including exchange programs at the University of Barcelona and Stockholm School of Economics and a Bachelor’s degree from the Naval Academy. Previously he had a professional career with the armed forces of Norway.

1. What do you enjoy most at Rystad Energy?

I really appreciate the possibility to take part in a wide variety of tasks and topics within the field of oil and gas. It is also great to collaborate with skilled and fun colleagues and to be able to engage in client interaction.

2. How do you work with the different departments at Rystad Energy?

There is close interaction between the departments at Rystad Energy. One day I work with consultants on a project, on another day I work together with the Marketing Department on an article of a certain topic within oilfield service. I also often work with the sales team to support sales campaigns and the follow-up of clients.

3. Are you a morning or evening person, and how does this affect your work at Rystad Energy?

I am definitely a morning person and I like to arrive early at the office. It is nice to start the day in a quite office, enjoying a good cup coffee or two while getting started.

4. Describe the culture at Rystad Energy?

In Rystad Energy there is a lot of people with strong drive and passion for their daily work. This adds to a positive environment which is inspirational and motivating. The 20 nationalities at the headquarter in Oslo makes for a diverse setting and contributes to the energetic atmosphere.