About New Subsea Technology

New Subsea Technology AS​

New Subsea technology AS was founded in 2016 by Thor Lovoll, Sigbjorn Madsen and Bjorn Schmidt to enable an environment where good ideas can be pursued and developed.  Our expertise are integrated solutions for wells and subsea, with a customer mindset.  New Subsea technology AS will be the vehicle required to develop a catalogue of new and unique ideas on how to simplify and improve the subsea oil and gas business.

We believe that our customer focus point of view, as well as significant experience and competence in our field, brings an unique approach to integrated solutions for the subsea oil and gas environment.  New Subsea technology AS focus on step change improvements with a bottom line impact that can enable developments of previously stranded assets.

The future of the company will be built around patented solutions and the industry leading people and competencies in our field.

In August 2017, Daniel Hektoen join the company as CFO and becomes part owner of the company


New Subsea Technology AS is recognised as the main contributor to fundamentally changing the oil and gas industry by introduction of innovative and sustainable cost effective solutions

Sustainable Innovation

New Subsea Technology AS works to develop smarter and more cost effective subsea well solutions through sustainable technology innovation

In Depth Knowledge

An extensive understanding of customer requirements and in depth knowledge of the well requirements is utilised to create cost effective designs and solutions for the customer

Intervention Technology

The latest development in ROV intervention technology and vessel intervention technology is considered to simplify and integrate design and operations for full life cycle requirements

Next Generation

The solution is the next generation subsea well constructions, invented by New Subsea Technology AS