Valley Voice – a column where our cluster members are in focus. This week we talked with the CEO of Turbulent Flux, Halvard Ellingsen. – We firmly believe that optimizing production from existing assets is on the path towards a net-zero future, and therefore represents a great long-term opportunity for technology companies like ours, says Ellingsen.
1. What are you doing right now?
I am working on a virtual flow metering software proposal for an oil & gas operator in the Asia Pacific. Exciting and busy times in Turbulent Flux right now.
2. How is Turbulent Flux contributing to the Energy Transition?
Our software solutions provide operators with actionable insights related to fluid flow in wells and pipelines on producing assets. With a real-time understanding of fluid flow, operators can perform production optimization against any KPI they want, including energy efficiency and emission intensity.
We are also pursuing concrete opportunities related to CO2 transportation in wells and pipelines in CCUS projects, and we are currently exploring partnerships within the industry to commercialize a CO2 Adviser.
3. What are the biggest challenges and opportunities in the future?
The perception that solutions for more efficient oil & gas production will not be relevant going forward, since the oil & gas era is coming to an end, is a challenge. However, we firmly believe that optimizing production from existing assets is on the path towards a net-zero future, and therefore represents a great long-term opportunity for technology companies like ours.
4. What keeps you awake at night with regards to the energy transition?
I generally have a good night’s sleep, but I do think a lot about our contribution towards the energy transition and how we utilize our resources in the best way possible. There is so much our technology can achieve within, for example, CO2, hydrogen, and geothermal energy, and it is tough to pursue all the opportunities we see.
5. What is the most valuable thing about being a member of Energy Valley?
The most valuable aspect is the various arenas Energy Valley organizes for networking with professionals from across the energy industry in our region, many of whom share the same challenges and opportunities.
6. Is there any book that has inspired you in the way you lead?
I must admit I am not a big reader. But I find a lot of inspiration in sports. I get inspired when I see results from hard work, enthusiasm, and fast learning. And if we look at the Norwegian Athletes in the recent Tokyo Olympics, it is inspiring to see what a small country like Norway can achieve. We can transfer a lot of the leadership knowledge we get from sports to business management and how to run a company.
7. Which Energy Valley member do you want to pass the baton on to?
I like to pass the baton over to Atila Mellilo, CEO of Resoptima
Thank you, Halvard!