Vertech Offshore As

What Vertech Offshore As does

Vertech Offshore AS is a privately held Norwegian specialist services company that performs helicopter-based flare tip replacement on offshore oil and gas platforms, fixed platforms, and Floating Production Storage and Offloading (FPSO) vessels. Founded in 2004 as a continuation of Statnett and Eltel Networks' offshore divisions, the company has executed more than 400 flare tip replacements across 35+ countries since the technique was first taken offshore in 1991, serving a customer base that includes supermajors (ExxonMobil, Shell, BP, Chevron, Total), national oil companies (Equinor, Petrobras, Petro Vietnam), and independent producers.

The company's core technology is the 'long line' (Vertical Reference) helicopter flying technique, in which a pilot flies while looking vertically through a bubble window to maintain alignment with the platform and load, using a 20-meter lifting strop to keep the helicopter above any danger zone while minimizing downwash. Custom spring-loaded guide and locking devices fastened to the riser flange steer the new flare tip into position and lock it even with all bolts removed. Operations are supported by a formalized HSE/QA system including a quality assurance documentation platform, a proprietary pilot and helicopter operator approval system, an Operations Manual prepared per project, and a dual-track ORAS risk assessment covering installer work and helicopter operations. Typical replacement duration is 6-10 hours per flare tip, with a documented zero-accident, zero-injury record across the company's history.

Vertech Offshore generates revenue through project-based, custom-quoted professional services engagements. Pricing is not publicly disclosed and is set per project based on flare tip type and count, platform location, and operational complexity. Each engagement deploys a typical crew of 3-4 mechanical installers plus a supervisor, with helicopter crew arriving on operation day. The firm operates from headquarters in Lillesand, Norway and a secondary office in Florø, Norway, sells directly to enterprise oil and gas operators through a field sales motion, and is represented by sales agents in the UK (Argo Environmental Engineering), the USA (Nortech Inc.), and Indonesia. Its ISO 9001 management system certificate is current for 2023-2026.

Name

Vertech Offshore As

Legal name

Vertech Offshore AS

Website

https://vertech-offshore.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Vertech Offshore AS is a Norwegian specialist services firm that performs helicopter-based flare tip replacement on offshore oil and gas platforms and FPSOs, serving supermajors and NOCs across 35+ countries with a documented zero-accident record since 1991.

Ownership category

akta.pro rank

Product category

Offshore Oil and Gas Maintenance Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Helicopter Crew Change & Offshore Passenger Transfers (Oil & Gas / Wind) (TLAFACAH)

Keywords

• Offshore flare tip replacement
• Helicopter lifting services
• Oil and gas maintenance
• Offshore platform services
• FPSO maintenance services

Headquarters

HQ city

Lillesand

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Travel or logistics, Technology or R&D, Infrastructure

Revenue model

1. Flare Tip Replacement Services: Specialized professional services for replacing flare tips on offshore platforms, fixed platforms, and FPSOs using helicopter-based methods. Revenue generated from project-based engagements with oil and gas operators worldwide. Typical operations involve 3-4 mechanical installers and a supervisor, with helicopter crew arriving on operation day.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Vertech Offshore AS performs helicopter-based replacement of flare tips on offshore oil and gas platforms and FPSOs worldwide. Each project is delivered by a compact crew of pilots and mechanical installers using a proprietary long-line flying technique and customized guide/locking tools, enabling in-situ replacement without shutting down the platform. The service spans preparation, installation, HSE/QA documentation, and reporting for the operator.

Product overview

Vertech Offshore AS is a specialized Norwegian offshore service company offering flare tip replacement services. The core product is flare tip replacement using a unique helicopter-based method combining the 'long line' (vertical reference) flying technique with specialized guide and locking equipment. The company also provides associated HSE/QA services including quality assurance documentation, helicopter and pilot pre-qualification systems, operations manual preparation, and comprehensive risk assessment systems. Operations typically involve 3-4 mechanical installers and a supervisor, with typical replacement duration of 6-10 hours per flare tip.

Differentiator

Problem solved

Functional benefit

Products and services

• Flare Tip Replacement

Quantifiable outcome

• Typical flare tip replacement operation completed in 6-10 hours from installer entry to completion
• +3 more outcomes

Named customers18 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

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• Argo Environmental Engineering Ltd.minorChannel Partner/ Reseller/ DistributorUK-based sales agent representing Vertech Offshore in the UK market. Contact: Jonathan Miles. Provides local sales support and business development for flare tip replacement services in the United Kingdom.
• Nortech Inc.minorChannel Partner/ Reseller/ DistributorUSA-based sales agent representing Vertech Offshore in the US market. Contact: Henning Eilert-Olsen. Provides local sales support and business development for flare tip replacement services in the United States.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Aker Solutions: Aker Solutions is a major global provider of offshore oil and gas services and engineering solutions. Notably, Aker Solutions is both a Vertech customer reference and a peer — they serve the same offshore O&G operators with broader engineering, maintenance, and modification services, providing a larger-scale comparison point for Vertech's specialized offering.
• Subsea 7: Subsea 7 is a major seabed-to-surface engineering, construction, and services company serving the offshore energy industry. They provide subsea installation, inspection, maintenance, and offshore construction services to similar operators in the same geographies Vertech operates in, though at vastly larger scale.
• Oceaneering International: Oceaneering International provides engineered services and products to the offshore oil and gas industry, including subsea robotics, marine services, and offshore intervention. They serve the same offshore operators with broader subsea and offshore capabilities, making them a relevant comparison point for scale and customer overlap with Vertech.
• Saipem: Saipem is a major Italian-headquartered oilfield services company providing drilling, engineering, and offshore construction services for the oil and gas industry. They serve similar offshore operators globally across the project lifecycle but at much larger scale and broader scope than Vertech's specialized flare tip replacement focus.
• Worley Limited: Worley is a major global engineering and project delivery company serving the offshore oil and gas industry with broader engineering, procurement, and construction management services. They serve the same supermajor customer base as Vertech but at much larger scale across the full offshore project lifecycle.
• McDermott International: McDermott International is a major provider of integrated engineering, procurement, construction, and installation (EPCI) services for offshore oil and gas projects. They serve similar operators globally but operate at much larger scale, with broad offshore construction capabilities spanning platforms, subsea, and pipelines.
• CHC Helicopter: CHC Helicopter is one of the world's largest helicopter services companies providing offshore transportation, search-and-rescue, and aerial work to the oil and gas industry globally. They serve the same offshore operators with helicopter-based services, though primarily focused on passenger transfer rather than industrial maintenance work like Vertech's flare tip replacement.
• Bristow Group: Bristow Group is the world's largest provider of offshore helicopter services to the oil and gas industry, operating a global fleet serving the same supermajor customer base as Vertech. While Bristow focuses on passenger/crew transfer rather than industrial flare tip work, both companies share the operational modality of helicopter services in offshore O&G environments and serve similar enterprise clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

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 Vertech Offshore As