Energy
as late as in January was Roar Tessem set to lead Hitecvisions new oil company Point Resources. Now carry it straight out again.
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in the Middle of the oil crisis, it was difficult to build a new oil company, even for one of Norway’s most experienced oljegründere. Now will the owner of the newly-established Point Resouces, oppkjøpsfondet Hitecvision, rather have a different commander than seriegründer Roar Tessem.
Name: Roar Tessem
Age: 60
Position: When the partner of Hitecvision
Current: Ending as chief of the oil company Point Resources.
Background: Few Norwegian oljefolk have been on several oljeoppstartsprosjekter than Roar Tessem. He was with when PGS started Pertra in the early 2000s, the first new Norwegian oil company in modern times. He was in the DNO when the chairman of the board Berge Gerdt Larsen picked up the goodies on the Norwegian continental shelf. In 2008 he started the Spring with 600 million in initial capital from det stavangerske the investment company HitecVision. When the Spring was sold to Tullow for 2.3 billion in 2012, could Tessem post 131 million in revenue in the investment company.
In 2015 taken HitecVision he entered again to repeat the gründersuksessen. It has not gone as well this time.
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On the way forward we will focus more on the production, development, and operation. We see that we will change slightly the profile of the person who will lead the company forward. We would like to have one that is more driftsfokusert. Roar is more of a letemann. In the meantime, the stepper I’m into, ” says Hitecvision partner Jan Harald Solstad.
Become a partner
instead, it is intended that the Tessem now to be a senior partner in Hitecvision to follow up oppkjøpsfondets investments in the oil and gas companies. Hitecvision has been among the by far the most successful investeringsmiljøene in Norway.
Acquisitions, restructuring, nystarting and resale of the oil companies was extremely profitabelt in oljeboomen. Just Tessem was one of the success stories when his oljeoppstartsselskap Spring was sold for 2.3 billion in 2012. Successes in Hitecvision contributed to the Stavanger-managers must be able to retrieve as much as 11.4 billion to his new fund as late as the spring of 2014, much from foreign investors.
In 2015 was Tessem retrieved by Hitecvision to repeat the success. First he was given task to restore the oil company Rocksource. So, in January of this year, he became commander when Hitecvision would merge three of its oil companies and concentrate more on oil production.
- I’m not in the Point for the moment. It is three weeks since I joined, ” says Tessem now.
Cleanup
Tessem admits that the job has been different than first thought. Instead of starting the company exploration, he has had to reorder the three old companies. He calls ryddeprosessen for “a quite demanding task of leadership”. Although he appears the process has gone well.
- However you must quit as Point-boss?
- What we need to focus on now, is what opportunities there are in the seniorpartnerrollen.
- But it was Hitecvision who wanted a change?
- Yes, we were at least agreed on that, ” says Tessem.
He should not have gotten big money in the connection.
I received severance pay pursuant to the employment. Something is there, but not much, ” says Tessem.
He is of the opinion agree that he is a gründertype, and believes he can have used his expertise for the hitec vision in the new role ahead.
According to Anders has Hitecvision still plans to spend 300 million dollars, or 2.5 billion, at the Point Resources. Oil production is currently at modest 7000-8000 barrels to the day, provide him, but the company is finding that Arrow, the Garantiana and Brasse, that all are appropriate for development. In addition, look at opportunities to make acquisitions.
It is very a lot of activity and a lot of packages for sale. The fund is the money back in, ” says Tessem
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