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Press release

Gullkronen 2014 Winners

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The winner: Karl-Edwin Manshaus

Jarand Rystad, Rystad Energy; Karl-Edwin Manshaus; Helge Keilen, Offshore Media Group

Jury's Reasoning: "This years winner is definitely one of the true Norwegian oil pioneers. He holds a law degree and arrived at the ministry of Industry in 1970. Before he was 33 he had been instrumental in the establishing of Statoil and the Petroleum Directorate. He is also widely recognized as a key player in the developing what is usually called “the Norwegian model in petroleum management”. A model that has found the right balance between government take and economic incentives to private companies.  

He is known as a person that gets the best out of all, a good and pragmatic listener and one that genuinely care about creating a good, informal and efficient workplace.  From 1988 to 2004 he held the highest-ranking bureaucratic position in the oil ministry advising eleven ministers on what to think and what to say.  During these years the Norwegian production grew from 1.7 to 4.6 million barrels per day under stable and foreseeable fiscal and political conditions, maybe his greatest achievement.  

Under his leadership we saw the privatization of Statoil, the EU negotiations on gas sale and the establishing of INTSOK to support internationalization of Norwegian suppliers. Basically securing a smooth transition from a petroleum regime with privileges to Norwegian players to full international competition.  In 2005 he received the St. Olav honor for his achievements.

For those that still not get it – we have the pleasure of calling up Karl-Edwin Manshaus as this year’s winner of the Gullkronen honour award."



Newcomer of the Year

The four nominees: Atlantic Petroleum, Kufpec, Lime Petroleum, Spike Exploration

The winner: Spike Exploration

Arne Gulbrandsen, Rystad Energy; Bjørn Inge Tønnessen, Spike Exploration; Harald Erichsen, ABG Sundal Collier

Jury's Reasoning: "In 2013, the four nominated companies entered the NCS with different approaches and different strategies. The winner has already managed to make an impact on the Norwegian E&P landscape. It has secured a strong financial backing from a professional investor and has also built a strong organization. The jury is particularly impressed with the winner’s business development activities, which have demonstrated great creativity and agility. The winner is currently participating in a large number of licenses and has interest in several ongoing wells. The jury is eager to see how the winner can expand on its great start and what it may achieve in the coming years."



Explorer of the Year

The four nominees: Faroe Petroleum, Lundin Petroleum, OMV, Statoil

The winner: Lundin Petroleum

Svein Ilebekk; Harald Brunstad, Lundin Petroleum; Trond Kristensen, Lundin Petroleum; Jon Halvard Pedersen, Lundin Petroleum; Jan G. Norstrøm, Rystad Energy

Jury's Reasoning: "The Explorer of the Year has demonstrated excellent performance over several years and has contributed to major discoveries in different parts of the NCS. The company always delivers high quality technical work using state of the art technology on high quality data and has a unique ability to think "outside the box". It was therefore not a big surprise for the jury that the winner was involved in several successes in 2013. Two of these discoveries are: (1) Continued exploration success in a mature part of the North Sea, and (2) A significant discovery and "play opener" in the Barents Sea. The winner has combined old ideas and new technology leading up to what may be an important target for future drilling."



Business Developer of the Year

The four nominees: Kufpec, OMV, Spike Exploration, Statoil

The winner: Statoil

Harris Utne, Rystad Energy; Frode Leraand, Statoil; Teodor Sveen Nilsen, Swedbank

Jury's reasoning: "The business development on the NCS continued last year’s trend with big deals and exiting company acquisitions. The four nominated companies are very different, and all have had an eventful year. The winner has taken part in several deals, optimizing the portfolio in all major parts of the continental shelf. In 2013 the company conducted the biggest NCS deal in over a decade, involving assets in Norway and the UK. By this, the seller has demonstrated portfolio value and enabled portfolio optimization. At the same time, the buyer - a large European company - has been able to deliver on growth ambitions. The jury is impressed by the winner’s ability to bring forward exciting deals over several years and demonstrate value creation to the market."



Project Developer of the Year

The four nominees: ConocoPhillips (Greater Ekofisk Area), Lundin Petroleum (Edvard Grieg), Statoil (Gudrun), Statoil (Valemon)

The winner: ConocoPhillips (Greater Ekofisk Area)

Per Magnus Nysveen, Rystad Energy; Olav Henriksen, ConocoPhillips; John Devins, ConocoPhillips; Tor Inge Hansen, ConocoPhillips; Liv Monica Stubholt, Hjort

Jury's reasoning: "2013 saw a record number of candidates for the project developer of the year award, and the competition has been fiercer than ever. The winner has reached yet another milestone in its history on the NCS with this field development project. By delivering on time and below budget despite challenges in the development phase, the operator is ready for another 40 years on the NCS. The jury is impressed with the proven capacity both within the operator’s and the supplier’s organizations to be able to deliver on a 65 billion project combined with the operation of one of NCS’s largest fields."



Field Operator of the Year

The four nominees: ExxonMobil (Balder), Shell (Draugen), Statoil (Oseberg Sør), Statoil (Snorre)

The winner: ExxonMobil (Balder)

Jon Marsh Duesund, Rystad Energy; Tor Runar Søreide, ExxonMobil; Peder Todnem, ExxonMobil; Trond Omdal, Arctic Securities

Jury's reasoning: "The winner has impressed with its performance throughout the year. Over the last year the operator has managed to improve the production trend. Several investments have been made, especially related to new wells. Overall, the jury is impressed with the operator’s commitment to a mature field, managing a high uptime and HSE standard throughout the year."


New Venture of the Year

The four nominees: Cubility, HydraWell Intervention, Wellcem, Ziebel

The winner: Cubility

Lars Eirik Nicolaisen, Rystad Energy; Even Gjesdal, Cubility; Ketil Schjetne, Alpha Corporate Finance

Jury's reasoning: "The winner of the oil service New Venture award has developed their own unique technology, challenging established players within the given product offering. The technology improves operational efficiency, saving costs in a safe manner. 2013 was the year of commercial breakthroughs, with a strong revenue growth and an even more impressive order book. The company is well positioned for a bright future, with a large market within the onshore and offshore oil and gas industry. Finally, we are happy to see new companies realizing the potential of cubes."



Globetrotter of the Year

The four nominees: ClampOn, DeepOcean, Interwell, Øglænd System

The winner: Interwell

Jon Fredrik Müller, Rystad Energy; Eirik Bergsvik, Interwell; Werner Karlsson, INTSOK

Jury's reasoning: "The winner is one of many successful Norwegian companies that have observed the international oil service practice, and thought: “Hey, we can do better than that!” The company had already achieved success and high penetration in the home market, delivering new well intervention tools and services, often custom fit. In 2010 the company decided to go international. Together with industry-minded Norwegian investors the company has successfully achieved impressive 80% annual revenue growth abroad the last three years, maintaining margins, and international now dominating company revenue. The jury believes this growth will continue."



Business Success of the Year

The four nominees: BR Industrier, DNV GL, National Oilwell Varco Norway, Stream

The winner: National Oilwell Varco Norway

Erik Reiso, Rystad Energy; Yngve Bastesen, NOV; Frode Jensen, NOV; Gina Nygard, Rystad Energy

Jury's reasoning: "The winner of the oil service Business Success award has, through perfectly timed M&A activity and ensuing organic growth, built a strong business that has profitably increased revenues from 900 million kroner in 2002 to more than 30 billion in 2013, while seeing limited effect of the 2008 financial crisis and ensuing downturn. The winner has maintained competitive advantage through continuous innovation, enabling the company to sell products manufactured at Norwegian cost levels in low cost markets in Asia."



* All pictures taken by Jon Skille Amundsen, fotografgjengen.no