What Jacktel does

Jacktel AS is a Norwegian public limited company listed on Euronext Growth Oslo (ticker JACK since March 25, 2026) that owns and operates Haven, a four-legged self-elevating harsh-environment offshore accommodation jack-up rig with capacity for 444 persons. Haven is described in company materials as the only harsh-environment jack-up accommodation rig compliant with Norwegian Continental Shelf (NCS) standards; its seabed-mounted self-elevating design delivers 100% operational uptime independent of wave and current conditions, and the rig supports power-from-shore operation to minimize direct emissions. The company is headquartered in Sandnes, Norway, and outsources technical and commercial management of Haven to Macro Offshore Management AS in Stavanger.

Jacktel generates revenue through long-term time charter contracts (typically 10-15 month firm periods with extension options) with blue-chip international oil and gas companies operating on the NCS and in Danish waters. Disclosed counterparties are Equinor (Draupner contract valued at approximately USD 58 million, commenced October 2024), Aker BP (Valhall PWP-Fenris contract valued at approximately USD 87 million, commencing Q2 2026), and TotalEnergies EP Denmark (Tyra field time charter previously extended to June 2024). Day rates are not publicly disclosed; pricing is negotiated bilaterally with each client. Haven is contractually committed through end-2027 and next available from 2028.

The company was founded in 2011 alongside Haven's delivery, financed a USD 70 million senior secured bond at a 10% coupon in 2025, raised NOK 29.2 million via an oversubscribed private placement ahead of its 2026 listing, and has distributed two dividends to date (USD 0.05 per share in November 2025 and USD 0.025 per share in May 2026). Market capitalization at IPO was approximately NOK 872 million. Use cases beyond oil and gas include hook-up and commissioning of new fields, tie-backs to existing infrastructure, and offshore wind commissioning, though no wind contracts are disclosed.

Name

Jacktel

Legal name

Jacktel AS

Website

https://jacktel.no

Company type

Public

Founded year

2011

Operating status

Ipo

Short description

Jacktel AS is a Norwegian public company (Euronext Growth Oslo: JACK) that owns and operates Haven, the only NCS-compliant harsh-environment offshore accommodation jack-up rig, serving blue-chip oil and gas clients in Norway and Denmark under long-term time charters.

Ownership category

akta.pro rank

Product category

Offshore Accommodation Services

NAICS

Other Commercial and Industrial Machinery and Equipment Rental and Leasing (53249), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Oil & Gas Field Services, Nec (1389), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

Keywords

• Offshore accommodation
• Jack-up rig charter
• Harsh environment accommodation
• North Sea offshore services
• Offshore living quarters

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Offshore Accommodation Charter Services: Jacktel generates revenue through time charter contracts for its offshore accommodation jack-up rig Haven. Contracts typically include firm periods of 10-15 months with options to extend. Revenue is earned through daily charter rates that cover accommodation services, personnel transport logistics, catering, and facility usage. Major contracts include the Equinor Draupner contract (approximately USD 58 million) and Aker BP Valhall Fenris contract (approximately USD 87 million).
2. Bond Financing: The company has accessed capital markets through senior secured bond issuances, including a USD 70 million 4-year bond with 10% coupon rate listed on Nordic ABM, with net proceeds used for refinancing existing debt and general corporate purposes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Jacktel AS owns and operates Haven, a four-legged self-elevating harsh-environment accommodation jack-up rig providing offshore accommodation services to oil and gas operators on the Norwegian Continental Shelf. The rig accommodates up to 444 persons with hotel-style facilities, catering, recreation, medical, and office space, and is chartered under long-term time charter contracts directly to major energy companies.

Product overview

Jacktel AS operates as a single-product offshore accommodation company, owning and operating the Haven harsh-environment jack-up accommodation rig. Haven is the only rig of its kind compliant with Norwegian Continental Shelf standards, providing comprehensive offshore accommodation services including lodging, catering, recreation facilities, offices, and lifesaving equipment for up to 444 personnel. The company is commercially and technically managed by Macro Offshore Management AS.

Differentiator

Problem solved

Functional benefit

Products and services

• Haven Haven is a four-legged self-elevating harsh-environment accommodation jack-up rig compliant with Norwegian Continental Shelf standards. It accommodates up to 444 persons with single cabins, private bathrooms, entertainment systems, gym, cinema, and conference facilities, and is chartered to blue-chip oil and gas clients in Norway and Denmark for maintenance, modification, hook-up and commissioning, tie-backs, and offshore wind project accommodation.
• Offshore Accommodation Charter Services Long-term charter service providing offshore personnel accommodation, catering, recreation, office facilities, hospital facilities, deck cranes, and lifesaving and fire fighting equipment for offshore energy projects in the North Sea, delivered through the Haven rig.

Quantifiable outcome

• 100% operational uptime through self-elevating seabed-mounted design unaffected by waves and currents
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Macro Offshore Management AScoreImplementation/ SI/ Consulting Partner · 1 January 2011Macro Offshore Management AS serves as the technical and commercial manager of the offshore accommodation unit Haven. Based in Stavanger, Norway, the company has successfully delivered management services to Haven since its delivery in 2011. The management team consists of Bjørn Eie Henriksen, Daniel Samuelsen, and Tom Friestad, collectively bringing over 70 years of industry experience. Macro Offshore also owns and operates the Crossway Eagle accommodation jack-up rig.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• BW Offshore: Norwegian-listed operator of FPSOs and accommodation services under long-term IOC charters. Comparable as a publicly listed Norwegian offshore charter operator with similar contract structures, though its primary asset base is production-focused rather than personnel accommodation.
• Prosafe SE: Largest pure-play offshore accommodation rig operator globally (semi-submersibles and converted units) serving IOCs in the North Sea and offshore wind markets. The closest direct competitor to Jacktel, competing for the same NCS harsh-environment accommodation work.
• Tidewater: Global offshore support vessel operator with the world's largest OSV fleet, serving E&P customers under short- and long-term charters. Direct peer in offshore charter services, although its vessel mix (PSVs, AHTS) differs from Jacktel's single accommodation rig.

Regional players

• Solstad Offshore: Norwegian offshore support vessel operator (PSVs, AHTS, subsea construction). Regional peer serving the same IOC customers in NCS waters, but with a vessel-based support focus rather than accommodation rigs.
• DOF Group: Norwegian offshore vessel operator providing subsea, IMR, and project vessel services to NCS oil & gas and renewables customers. Regional peer serving similar clients, but with a subsea/OSV focus rather than accommodation rigs.

Emerging players

• Archer: Norwegian-listed oilfield services company providing drilling, well services, and platform operations on the NCS. Emerging peer serving the same IOC customer base, with adjacent platform services rather than dedicated accommodation rigs.
• North Star Shipping: UK-based operator of offshore service vessels for North Sea oil & gas and offshore wind sectors. Regional emerging peer with growing exposure to offshore wind service vessels, overlapping with some of Jacktel's stated end markets.

Broad incumbents

• SBM Offshore: Dutch-listed offshore production operator (FPSO/FSO) with long-duration IOC charters. Comparable business model of long-term offshore equipment charter to IOCs, although focused on production rather than personnel accommodation.
• Saipem: Italian global offshore EPCI contractor that also operates accommodation assets supporting its projects. Broad incumbent that competes indirectly for accommodation work as part of integrated offshore contracts.
• Aker Solutions: Major Norwegian offshore services company providing subsea, maintenance, modification, and operations services to NCS operators. Broad incumbent that competes indirectly with Jacktel for offshore project work and is a long-standing partner in the NCS ecosystem.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jacktel