Altor acquires Scandpower Petroleum Technology

Scandpower’s OLGA 2000 technology at heart of Norsk Hydro’s Ormen Lange ‘digital gasfield’.

Scandpower Petroleum Technology (SPT) is changing hands. Current owners, Norwegian fund HitecVision is selling the 70% SPT stake held in its Energivekst unit to Altor, a Swedish fund with around €1.8 billion in capital. SPT’s flagship, OLGA 2000 is used for dynamic flow assurance modeling by major oil, engineering and service companies world wide.


OLGA’s development is guided by joint industry projects with major oil company members. The OLGA Verification and Improvement JIP tests the software and adds enhancements to the tool. Another JIP, the Horizon project is a three year, $7 million project to support production from ‘greater depths, longer flowlines and challenging environments’.

Ormen Lange

OLGA 2000 is a key component the flow assurance system (FAS) of the high tech Norwegian Ormen Lange gas field. The FAS provides a real time online simulation and monitoring environment which will allow flow forecasts to be based on rapid analysis current measurements. SPT CEO Dag Terje Rian said, ‘SPT has established itself as a global provider of software to oil companies. We have a number of growth opportunities that we plan to pursue. Working with Altor and HitecVision will provide the combination of continuity and new thinking that will support us on this journey.’

Click here to comment on this article

Click here to view this article in context on a desktop

© Oil IT Journal - all rights reserved.