Nyhamna landanlegg. Image: Shell

What is NSI?


NSI focus on combining investor interest for lower risk infrastructure investments with strong oil and gas competence, particularly related to the NCS midstream. The company comprises a management team with broad commercial, operational and regulatory experience from NCS and international oil and gas business.

Strategy


NSI intends to become an attractive financing partner for E&P companies with respect to the infrastructure part in new field developments. Moreover, NSI would like to become an asset holder of existing midstream assets that current owners view as non-core in their portfolio. As such the objective of NSI is to build an active infrastructure company with a long term horizon and a diversified portfolio of lower risk, long term and steady cash flow generating assets.

Asset Focus


NSI is focusing on long life assets and to hold such assets for the duration of their respective license periods. The value creation of such assets we believe is primarily down to two main elements; safe operations with high regularity and relative cost competitiveness. In joint ventures were NSI becomes a participant the company therefore will focus on aforementioned elements.

Shell-ansatte på Nyhamna gassanlegg. Image: Shell

Management Team



Board of Directors


THOR OTTO LOHNE – NORTH SEA INFRASTRUCTURE

Thor Otto Lohne

Chairman

JOHAN BERNT NORDANG – NORTH SEA INFRASTRUCTURE

Johan Bernt Nordang

Board member

JONAS KOFOED LARSEN – NORTH SEA INFRASTRUCTURE

Jonas Kofoed Larsen

Board member


Investors


NSI is owned by the Danish pension funds under the administration of PKA (Pensionskassernes Administrasjon A/S) and PenSam, who will provide the financing of the company and its assets.

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Portfolio


Nyhamna

Nyhamna landanlegg. Image: Shell.

13,7% stake in Nyhamna JV, purchased from ExxonMobil (3,7%) in Q1 2018 and Shell (10%) in Q3 2019. Nyhamna JV comprises the Nyhamna Gas Processing plant, processing natural gas from the Ormen Lange field and the PolarLed pipeline (scheduled to come into regular operations in Q3 2018).