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www.ik-worldwide.com
Challenge Accepted
Company Presentation2018
Company Presentation 2019
Challenge Acceptedwww.ik-worldwide.com
Challenge Accepted28.08.2019
Supplier of Specialist Products and
Services for Pipe and Pipelines,
SubSea & Topside
“We take pride in providing solutions to solve operational
problems and minimize our customers repair and
maintenance cost.”
Challenge Accepted28.08.2019
IK-Norway
(Stavanger)
IK-UK (Newton Aycliffe) Online Electronics
(Aberdeen)
Sales offices:
Singapore, Dubai,
Houston
IK-Saudi (Dammam)
History of Growth
1987 20112006 2013 2015 2017IK-Norway MBO IK-UK IK-Saudi Online Electronics
Awards:
R&D
Challenge Accepted28.08.2019
IK-Norway (Services & Hire)
Office; 2.265 sq. m
Workshop; 2.367 sq. m
IK-UK (Manufacturing & Svs)
Office; 512 sq. m
Workshop; 3.300 sq. m
Online Electronics (Manufacturing & Hire)
Office; 568 sq. m
Workshop; 473 sq. m
IK-Saudi (Manufacturing)
Office;
Workshop;
Modern and suitable Facilities
Challenge Accepted
N
28.08.2019
• Zero harm to environment and people
• Proven safety record
• Certified Quality system
• Risk Management
• Opportunity focus
• Compliance with Laws & Regulations
• High Ethical standard
HSE & Q
Note; LTA incidents are minor incidents (e.g. cut in finger) related to factory work
Challenge Accepted28.08.2019
• Pipe & Pipeline Isolation Tools
• Repair Clamps Subsea & Topsides
• Pigs & Accessories
• Pipeline Pig Tracking & Communication
• Pressure Testers & Equipment
• Process Plant Services (on & offshore)
Wide Specter of Products & Services
• Subsea Repair & Modification Solutions
• Pig Development, Refurbishment & Support Services
• Torque & Tension Technology & Services
• Calibration Services
• Application Engineering – Electronics Design & Communication
• Rental Tools
• Competency Based Emergency Repair (CBER)
EPC contracts, services, sale of products and hire services for a fleet of products
Challenge Accepted28.08.2019
Customer and Project examples
• Repair of Subsea X-mas tree, Philippines,
deep water, Operator savings est. USDM 100
• Repair of Pipeline offshore Nigeria,
deep water Production increase 20%
• Repair of Offshore Platform Norway,
enabling production through winter. Field in operation.
• AOGV for Operator (new product 2017).
Est savings 20 MUSD (execution spring 2018)
• Repair of a header in Saudi Arabia est. saving 12 MSD
Challenge Accepted
IK Partners and Agents
28.08.2019
Challenge Accepted28.08.2019
Pipe & Pipeline Isolation Tools
• Hydraulic and mechanical high and low Pressure Plugs
for topside and subsea use
• AOGV™ - Ad On Gate Valve (Patent pending)
–Isolation without shutdown
• Twin Tyre Flexible Isolation Plug
– To provide positive isolation before hot work.
• ABIS and Mini ABIS - Air Bag Isolation System,
when welding on hydrocarbon filled systems.
• Valkyrie – Specialised Back-Gas shield weld purging system.
• High Friction Pig - Used to provide a low pressure,
high seal isolation.
• SkadiPlug™ - Remote operated plug system using ice plugs.
Challenge Accepted28.08.2019
Repair Clamps SubSea & Topsides
• Design, manufacturing and delivery (EPCI) of specialized
clamp solutions, subsea and topside
• Temporary or permanent pipeline repair clamps
• Sealing and / or structural repair clamps
• Hot tap clamps for tie-ins or plugging / stoppling
• Patch clamps for local repairs
• Split clamps for grout / epoxy / sealant injection
• Competency Based Emergency Repair, fast-track delivery
of repair solutions for leaking pipelines
Challenge Accepted28.08.2019
Pigs & Accessories
• Bi-Di Pigs
• Brush Pigs
• Gauging Pigs
• Jetting Nose Pigs
• Solid Cast PU Pigs
• Cup Pigs
• Inflatable Spheres
• High Friction Pigs
• Foam Pigs
• Pig Washing Machines and Injectors
• Polyurethane SURF Products
Challenge Accepted28.08.2019
Pipeline Pig Tracking and Communication
• Acoustic Pig Locating
• Electromagnetic Pig Locating
• Non-Intrusive Pig Signallers
• Pig Passage Indicators (intrusive)
• Datalogging & Testing
• Voltage Gradient Probe
• ROV Switch
• Audioscope Software
• MEGARTS
Challenge Accepted28.08.2019
Pressure Testers & Equipment
• Internal Weld Testers
• Flange Weld Testers
• Flange Tension Tester
• Elbow Weld Tester
• Twin Tyre Multi Plug
• Low Pressure Plug
• High Pressure Plug
• Tank Nozzle Tester
• Resato Equipment
Challenge Accepted28.08.2019
Johan Sverdrup NCS
Mariner UK
Mongstad Production Plant
Process Plant Services (on & offshore)
• Repair Solutions
• Pipe Isolation Operation
• Shut-Down Services
• Hot-Tap Services
• Testing Services
• Engineering Support
• Custom Solution
• Operation Support
• CBER, Competency Based Emergency Repair
Challenge Accepted28.08.2019
SubSea Repair & Modification Solutions
• Design, manufacturing and delivery
(EPCI) of specialized solutions.
• Modification and repair of pipelines,
structures and subsea production systems
• Supply of custom designed equipment and systems
• A variety of ROV and diver assisted custom made tools
• Competency Based Emergency Repair (fast track)
• SubSea MMO
Challenge Accepted28.08.2019
Pig Development, Refurbishment & Support Services
• Engineering Support
• Pigability Studies
• Custom Made Pig Development
• Testing High Fri Pig Operations
• SkadiPlug Operations
• Custom Made Equipment & Tools
• Pig Operations Support
• Pig Refurbishment and Maintenance
• Tracking & Communication Services
Challenge Accepted28.08.2019
Torque & Tension Technology & Services
• Field support in Torque and Tensioning
• Custom Made Tools
• Subsea tool design and manufacturing
• Maintanance of Equipment
• Maintanance of Pressure Equipment
• Engineering Support
Challenge Accepted28.08.2019
Calibration Services
• Sales and Hire of Equipment
• Torque Calibration
• Pressure Calibration
• Temperature Calibration
• Noise Equipment Calibration
• Field Calibration
• Humidity Equipment Calibration
• Maintenance Service
Challenge Accepted28.08.2019
Application Engineering – Electronics Design & Communication
• Develop tailor made solutions based on in-house
technologies including;
• Communications, Activation and Control
– Acoustic
– Electromagnetic
– Magnetic
– Ultrasonic
• Measurement, Data Logging 2015
Challenge Accepted28.08.2019
Rental Tools
• Pig Tracking and Communication Equipment
• Pipeline Sampling (MEGARTS)
• Testers and plugs Pipe & Pipeline Isolation
Tools
• Weld Isolation and Back Gas systems
• Torque & Tension Tools
• Subsea ROV Tools
Challenge Accepted
Company
Structure
28.08.2019
IK-Group AS
Hans Olav Hidle – Chairman
Arnstein Wee
Christian Bull Eriksson
Christian Knutsen
IK-Group AS
CEO – Christian Bull Eriksson
IK-Group AS
CFO– Geir Molberg
IK-Norway AS
100%
MD – John Gotrik
CFO – Geir Molberg
IK-UK Ltd
100%
MD – Andy Marwood
CFO – John Walsh
Online Electronics Ltd
100%
MD – Andy Marwood
CFO – John Walsh
IK-Mid East AS
90,1%
Christian Bull Eriksson – Chairman
Geir Molberg
Online Electronics Asia Pacific Pte. Ltd
100%
Online Pipeline solutions Inc.
100%
IK-Saudi
20,4%
MD – Abdul Wafi Al-Ganbar
Finance & Admin Mngr – Tariq Abayazid
Challenge Accepted
Development
28.08.2019
Challenge Accepted28.08.2019
Inherent Product Development & IP
• Extensive Product development activity within all
units
• IP capitalized based on our field experience with + 30
year history of delivering innovative solutions.
• Product & Project successes are based
on patented IP and know-how obtained by solving
complex problems.
• Innovation is key to sustained customer savings.
• Successfully implemented strategy to patent more of
the core technology; 2 Patents granted and 5
pending
Challenge Accepted
Company in brief
28.08.2019
• Strong and long lasting Customer
relationships
• 30+ years of Company history and
product developments
• Broad portfolio of value adding
products and solution
• Innovation drives growth
IK`s goal is to grow further with a geographical and product-mix to service the international Oil & Gas
industry particularly within the pipeline and subsea sector.
• New products launched in 2017 with large
saving potential for Customers
• Strong focus within trades
• Cross units synergies
• Driven by organic growth, with strong
performance
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