Aegir

FPSO project development · financing · asset management

Ægir — named for the Norse god of the sea.

Company Status

The four partners ceased working as partners in 2019 and have worked independently ever since. Aegir AS is currently therefore not operational.

What Aegir does

An FPSO project development & financing partner.

Aegir brings together business development, project finance and industrial execution around floating production — helping oil companies, investors, yards and financing institutions bring marginal and mid-sized fields into production.

01

Business development, project finance & advisory.

Structuring, commercial and financing advisory across the full FPSO value chain.

02

Facilitating projects & investments.

Bringing counterparties together and moving projects from concept to sanction.

03

Partner for equity investors & industrial players.

A trusted, aligned partner for capital and for the industry that builds and operates.

04

Long-term asset management.

Stewardship of production assets across their operating life on behalf of owners.

Our approach

Could we think differently?

Hundreds of undeveloped fields wait behind the cost and risk of a full production solution. Aegir was built to unlock them — with a relocatable, standardised industrial approach that aligns reservoir, production asset and capital around a single, financeable structure.

20–30
Years' experience per partner
877
Undeveloped fields analysed
15+
FPSOs in partners' track record
Line illustration of a floating production, storage and offloading vessel on the sea

A dedicated team of senior FPSO professionals with backgrounds from leading FPSO contractors, EPC companies and institutions — working closely with oil companies, major yards and suppliers, and financing institutions.

The people

The people behind Aegir.

The people behind Aegir are a compact team of senior FPSO professionals, each with two to three decades at the industry's leading contractors, yards and institutions. Together they cover the whole journey of a floating production project — business development, project delivery, finance and commercial.

Portrait of Arne Tørnkvist
Director, Project Development

Arne Tørnkvist

Floating-production veteran. Former Co-founder, CTO (2y) and later CEO (3y) and Director of the Board (3y) of Aker Floating Production. Before that co-founder and CTO (7y) of BWO.

FPSO Dhirubhai · Berge Enterprise · Berge Helene · Sendje Ceiba · Berge Hugin

Portrait of Kristian Flaten
Director, Finance

Kristian Flaten

Export- and corporate-finance expertise paired with FPSO delivery. Former SVP Ocean Industries at Export Credit Norway; VP Corporate Finance at BW Offshore.

BW Catcher · BW Pioneer · BW Cidade de São Vicente · BW Joko Tole · BW Athena

Portrait of Tony Hodgkins
Director, Business Development

Tony Hodgkins

Business development and offshore/onshore EPCI. Former Director, Business Development at McDermott and Project Manager at Penspen.

Maersk Peregrino · Nexus Crux · Gehem Gendalo FPU · Yamal LNG · Masela FLNG

Portrait of Petter Braathen
Director, Commercial

Petter Braathen

Strategy and commercial discipline from a management-consulting background at Phoenix Consulting and Accenture.

Strategy · Commercial structuring · Business development