We have a robust reputation for excellence and expertise with a strong track record.
Our team credentials enable us to serve the UKCS in a safe and sustainable manner. We intend to play a material role in the North Sea’s future.
An agile and proactive team with strong operational and commercial experience, established intelligence network, excellent local market knowledge and relationships ensures efficient evaluation of opportunities and effective execution.
Meet Our Leadership Team
Alan has over 30 years of experience in the oil and gas industry, and has worked with many high profile companies in senior positions. Alan’s career highlights include the construction and shaping of Oryx/Kerr-McGee’s UK business and its ultimate sale to Maersk Oil, roles as managing director at Lundin Britain Ltd and chief executive of Wood Group’s North Sea business. Prior to joining Verus Petroleum, Alan worked as chief operating officer with North Sea development production company Iona Energy. On graduating from Edinburgh University with a BSc Hons in Chemical Engineering, Alan spent the first 10 years of his career with Shell as a petroleum engineer.
Andy has 20 years upstream, midstream and downstream oil and gas operator experience (Kerr-McGee, Maersk Oil, ConocoPhillips, EnQuest and Verus Petroleum). He is a dual qualified General Counsel (Scottish and English Law) with considerable transactional experience. Andy has held senior leadership positions including responsibility for managing all non-technical functions (legal, commercial, supply chain, logistics, HR, IM/IT, hydrocarbon accounting, office services). He has significant experience of different operating models including outsourced and insourced duty-holder. Andy graduated from the University of Aberdeen with an honours degree in law and spent the early part of his career in private practise before moving in-house to work for Kerr-McGee.
Colin has over 25 years of experience in the oil and gas industry with international experience covering UK, Canada, USA, France, Norway, Middle East, North Africa and Trinidad and Tobago. He has held senior finance roles with companies such as Iona Energy, Dana Petroleum, MUSC, TSMarine Subsea, Lundin Petroleum and Venture Production. Within these roles Colin’s career highlights have included mergers and acquisition activity, commercial negotiations for infrastructure access, decommissioning security and LoC funding and stakeholder management. Colin is a Fellow of The Chartered Association of Certified Accountants.
John has over 30 years of upstream experience in the North Sea, Atlantic Margin, Africa and the Middle East. His highlights include being instrumental in the growth of Dana Petroleum from 2006 to 2013, as head of reservoir engineering and operated assets manager and latterly as director of reservoir management and technology. John takes his independent company experience from Enterprise Oil, Dana Petroleum and Iona Energy with his major experience from Marathon Oil, Total, ENI and Kerr-McGee. John graduated from Heriot-Watt University in Edinburgh with a Master of Engineering (MEng), Petroleum Engineering.
Business Development Director
With over 35 years in the oil and gas industry, Peter has worked with small and large global organisations in Australia, South East Asia and Europe. Highlights include working as Director of Strategic Planning/M&A and Head of New Business/M&A at Maersk Oil and Gas (Copenhagen), offshore development projects for Shell, Exxon, Arco and Ampolex and development projects and decommissioning manager at Kerr-McGee. Prior to joining Verus Petroleum, Peter worked as VP asset management with Iona Energy. Peter graduated from Curtin University, Australia with a BSc. in Civil Engineering and from the University of Western Australia with an MBA.
Meet Our Board of Directors
David Gair is an upstream specialist with over 47 years in the industry. He spent the majority of this time with BP, with firm foundations as an operational Petroleum Engineer followed by a variety of commercial and field management roles leading to 10 years as VP of Upstream M&A. This was at the time of BP’s rapid growth and he was actively engaged in the acquisitions of Amoco, Arco and expansion into Russia. After leaving BP in 2008, David spent 9 years with the Royal Bank of Canada as Senior Advisor to their international oil and gas team with particular focus on the UK. He has been a non-executive director of a number of upstream companies including Interconnector UK, Star Energy and Noreco, and brings a wealth of contacts and context to the Verus executive team as they plot rapid, sustainable, profitable growth for the company.
David McManus is an experienced business leader in the Energy Sector, with strong technical and commercial skills and has previously served as Executive Vice-President and Head of International Operations for Pioneer Natural Resources and Executive Vice-President of BG Group. He is currently serving as non-executive director for a number of listed companies, namely; Hess Corporation, a NYSE listed oil and gas company with upstream operations in North America, Europe, Africa and Asia; Chairman of Rockhopper Exploration plc, a UK AIM listed exploration company with assets in the Falkland Islands; Costain plc, one of the UK’s leading engineering solutions providers and Chairman of Flex LNG an Oslo listed LNG shipping company. Mr. McManus previously served as a director of Northern Drilling Ltd., a Bermuda company listed on the Oslo Stock Exchange and as Chairman of Cape plc, an energy service company involved in many large oil, gas and petrochemical facilities around the world. He has over 40 years of experience in Technical, Commercial, Business Development, General Management and Executive roles across all aspects of the international oil and gas business, including; in addition to those listed above ARCO, LASMO, Ultramar, Shell and Fluor Corporation. Mr. McManus is an engineering graduate from Heriott Watt University, Edinburgh
Mr. Reed joined the HitecVision team in 2005 as a partner. Prior to this he was Chief Investment Officer of Argentum Fondsinvesteringer, the Norwegian State’s PE fund investor managing approximately NOK 10 billion under management. Mr. Reed’s previous experience includes a number of years heading private investment companies, such as First Vice President in the Kreditkassen bank, working with structured finance; and partner and managing director of companies in the Pareto Group, a leading Norwegian investment bank.
Mr. Reed is educated at the Norwegian School of Economics and Business Administration and at the universities of Oslo, Bergen and Paris Sorbonne.
Mr. Ertvaag co-founded HitecVision together with Jon Gjedebo and Ola Sætre, and his background includes nearly 30 years of oil industry experience. He joined HitecVisions predecessor Hitec in 1989, and held the position as CFO and later also as COO. In addition to operational, financial and accounting responsibilities, Mr. Ertvaag headed Hitecs M&A activities and was in charge of structuring and negotiations of transactions. He has led all the IPOs undertaken by Hitec and HitecVision, and has been instrumental in most investments and trade sales carried out through the Hitec system since the early 1990s.
Mr. Ertvaag has a business education from the Norwegian School of Management.
Mr. Gjelsvik joined HitecVision in 2014 from the position as interim CEO in one of our portfolio companies Verus Petroleum. Mr. Gjelsvik has extensive experience within the offshore oil and gas industry, having worked for Norwegian Energy Company ASA (Noreco) and BP. He worked eight years with Noreco in various senior leadership roles and latest as CEO.
Mr. Gjelsvik holds a MSc in Business Administration and Strategic Management, and a MSc in Chemical Engineering and is a CFA charter holder.
With more than 35 years in the oil and gas industry, Mike has held a range of senior roles. Working in Norway and Italy as chief geologist and country manager for Enterprise Oil, Mike was also executive chairman of AIM listed Plectrum Petroleum until its acquisition by Cairn Energy. He served as an exploration and new ventures advisor to Petroceltic and as a non-executive director of Oyster Petroleum until its subsequent acquisition by Verus Petroleum. Mike is non-executive Chairman of Spike Exploration and an operating partner of HitecVision. Mike graduated from Kingston Polytechnic with a BSc Hons Geology.
Gunnar has worked for HitecVision and its predecessors for the past 17 years and has over 25 years of oil industry experience. He started his career as an investment manager with Cybernetix and later as the company’s general manager. Before this he spent a number of years at Amoco in Norway and Houston, where his latest position was head of the analytical department at Amoco Norway Oil Company. Prior to Amoco, Gunnar held positions as senior corporate advisor at the Kreditkassen bank and finance manager at BJ Hughes. Gunnar graduated from the University of Colorado with an MSc in Finance.