Press release

Gullkronen 2020 Winners

January 28, 2020

Honour Award

The winner: Kåre Willoch

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Helge Keilen, Offshore Media Group; Dag Willoch; Jarand Rystad, Rystad Energy

Jury's Reasoning: 

Kåre Willoch is awarded the Gullkronen Honour Award 2020 for securing diversity on the Norwegian continental shelf and huge value creation for Norway through his work as a parliamentarian and prime minister. His initiatives ensured healthy competition and a large number of players on the shelf. He established the State’s Direct Financial Interest in oil and gas activity (known as SDØE in Norwegian), which has brought enormous income to Norway over several decades. And last but not least, he laid down the groundwork for what is popularly known as the Petroleum Fund – now worth $1 trillion – which safeguards Norway’s oil wealth for future generations.

 


E&P Award

Explorer of the Year

The four nominees: Aker BP, Equinor, Lime Petroleum, PGNiG

The winner: Aker BP

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Helge Hammer, Longboat Energy; Olav A. Blaich, Aker BP; Odd Arne Sandstad, Aker BP; Erling Rykkelig, Aker BP; Grete Blåck Vagle, Aker BP; Glenn Buchan, Rystad Energy

Jury's Reasoning:

2019 has been another year without a big discovery, but high activity has yielded north of 600 MMboe with many of the discoveries representing high value such as Froskelår, Echino South, Shrek, and Telesto. The winner has worked its underground knowledge to produce clearer images of the subsurface that has led it to uncover great wealth for itself and for society. The winner follows up on its activity in 2018 to uncover more resources in the injectate sands around Alvheim which have so far resulted in up to 200 MMboe of discovered resources. The jury is impressed with the results achieved in this mature area, but would recommend the company to use less peculiar Norwegian prospect names than Rumpetroll for its next endeavors!

 


E&P Award

Business Developer of the Year

The four nominees: DNO, Equinor & Lundin, Neptune Energy, Vår Energi

The winner: Equinor & Lundin

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Håvar Blakset, Rystad Energy; Arild Dybvig, Lundin Petroleum; Tobias Osterheider, Equinor; Bjørn Sestad, Lundin Petroleum; Maria Moræus Hanssen

Jury's reasoning:

2019 has been yet another year of high business development activity with even more transactions than last year. A total of 18 significant transactions occurred with a total transaction amount of 75 billion NOK. All nominees have demonstrated the value of the right assets in the right hands.

The winners have been able to create a win-win situation by exchanging shares, assets, and cash in 2019 building on a deal done 3 years ago.

 


E&P Award

Project Developer of the Year

The four nominees: Aker BP (Valhall Vestflanke), Equinor (Johan Sverdrup), Equinor (Tresakk), Spirit Energy (Oda)

The winner: Equinor (Johan Sverdrup)

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Kristine Bakke Vassbotn, Rystad Energy; Trond Stokka Meling, Equinor (Johan Sverdrup); Helge Hatlestad

Jury's reasoning:

The field development year of 2019 is most likely telling for the coming future: The majority of new developments will either be smaller fields being tied back to existing infrastructure or redevelopments of old fields. During 2019 four new fields achieved first oil, of which three fields were tie-backs to existing hubs. The fourth field is the third-largest field ever on the NCS, and is already contributing to 20% of the Norwegian oil production. In addition to the four start-ups, seven PDOs were approved in 2019, so there are still more to come.    

The winner impressively delivered well below budget and ahead of schedule. The field is expected to produce for 40 years and will yield immense economic benefits for Norway. The developer can be looked upon as a pioneer for its efforts within digitalization and electrification, and have a very strong HSE performance. With the project development occurring during the downturn, the project has in many ways been a knight in shining armor for the Norwegian supplier industry.

 


E&P Award

Field Operator of the Year

The four nominees: Aker BP (Skarv), Equinor (Gudrun), Equinor (Heidrun), Lundin (Edvard Grieg)

The winner: Lundin (Edvard Grieg)

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Iben Frimann-Dahl, Rystad Energy; Ståle Lybekk, Lundin Petroleum (Edvard Grieg); Harry Storvik, Lundin Petroleum (Edvard Grieg); Anders Aspelund, Lundin Petroleum (Edvard Grieg); Hans Petter Felle, ABG Sundal Collier

Jury's reasoning:

2019 has been a fantastic year for the operators on the NCS, making it challenging for the jury to select both nominees and the winner among many high-performing candidates. However, the winner stands out.

The operator continued a strong 2018 with an even more impressive 2019 and can look back at the year with superb operational performance and excellent HSE results.

The winner keeps delivering solid results in terms of both production efficiency and resource growth; maintaining production and adding reserves while at the same time keeping costs at world-class levels.

The operator is continuously pushing the limits further, with a new drilling campaign sanctioned and exciting new tie-backs – creating a field that will continue to produce sweet music to the operator’s ears for many years to come

 


Oilfield Service Award

New Venture of the Year

The four nominees: ControlCutter, Inflow Control, Kelda Drilling Controls, Visavi Technology

The winner: Inflow Control

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Lars Eirik Nicolaisen, Rystad Energy; Vidar Mathiesen, InflowControl; Bjørnar Werswick, InflowControl; Eli Sætersmoen, Cryogenetics AS

Jury's reasoning:

2019 was a great year for Norwegian New Ventures. A total of 30 companies were on the long-list for this year's prize. Many of them were born during the down-turn, a litmus test to their business models. In addition, a large number of impressive companies are expected to see their breakthrough in 2020, making next year’s award just as exciting

The jury is proud to nominate four impressive ventures; all at the forefront of their fields, entering competitive markets, creating new jobs, and helping the industry to increase productivity through innovation.

This year's winner of the New Venture of the Year:

They had a remarkable 2018, continued their success in 2019, with no plan on stopping in 2020,

Their technology checks all the boxes: reduces emission, increases production, and reduces costs,

their hardware is installed in the dark depths of reservoirs globally, on its own, fighting the environment and increasing productivity as only autonomous devices can do

It’s been a long journey, we have waited in anticipation for the breakthrough, and the time has come.

 


Oilfield Service Award

Globetrotter of the Year

The four nominees: Axess Group, Deepocean, Halfwave, Tomax

The winner: Tomax

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Mari Vassdokken Sigstad, Rystad Energy; Jøran Austbø, Tomax; Morten Granhøy-Lieng, Tomax; Werner Karlsson Norwegian Energy Partners

Jury's reasoning:

All nominees are great examples of companies that have consistently grown their revenue and international footprint providing key services to the oil and gas industry.

The Winner has demonstrated a breakthrough with several years of breathtaking organic and profitable growth.

With a scalable business model and good traction with main service providers, this is going to continue.

The Winner provides tools for improving one of the core processes in the industry, namely the drilling process.

With the Winner’s anti-stick-slip tools drill-bits can move smoothly towards their reservoir targets.


Oilfield Service Award

Business Success of the Year

The four nominees: CCB, Interwell, Kaefer Energy, Aarbakke

The winner: Interwell

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Mari Thjømøe; Trond Arve Stamnes, Interwell; Thormod Langballe, Interwell; Erik Holm Reiso, Rystad Energy

Jury's reasoning: 

The Gullkronen 2020 Business Success award goes to a company that has, for a long time, been punching above its weight. The winner shows that it is possible to, through belief in technology as a means to deliver superior services and more value to the customer, emerge from the depths of the Norwegian service industry to challenge the hegemony of the World’s largest oil service companies on the global stage. The company’s superior offering has produced outstanding financial performance including limited impact from the industry cycle, 30% annual growth since 2016, and 40% margins.

The winner is on track to break new records in 2020 and beyond, as it has merely dipped its toes into the underlying market potential – a potential the jury is confident the company will remain “plugged” into.

 


Green Initiator of the Year Award

The four nominees: Edvard Grieg full electrification (Lundin), Hywind Tampen (Equinor), LowEmission Research Centre (SINTEF & NTNU), Northern Lights (Equinor, Shell, Total)

The winner: Hywind Tampen

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Jo Husebye, Rystad Energy; Ingrid Storaker, Equinor (Hywind Tampen); Arthur Skartveit, Equinor (Hywind Tampen); Torill Sæthre, Equinor (Hywind Tampen); Anders Wenaas, Equinor (Hywind Tampen); Liv Hovem, DNV GL O&G

Jury's reasoning: 

During 2019, a wide range of significant initiatives was taken to reduce the environmental footprint of the Norwegian Continental Shelf. Never before has the list of qualified initiatives been longer and more diverse. The jury is proud to nominate four candidates representing technologies with the potential to change, not just the Norwegian, but the global petroleum industry towards a more sustainable one in the future.

This year’s Green Initiator of the Year:

-Has through systematic work over time matured an innovative and groundbreaking project which will make a considerable contribution to reducing emissions in the Norwegian petroleum industry

-The project represents important steps within technology development, technology cost reduction and development of new expertise

The winner together with the supplier industry might even facilitate a new industrial adventure for Norway

* All pictures are taken by Jon Skille Amundsen, www.jonamundsen.no