Page 36: of Offshore Engineer Magazine (Mar/Apr 2021)

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DOGGER BANK TORGEIR RAMSTAD, CEO, OHT

Source: OHT

OHT CEO

Torgeir

Ramstad

OHT was born to perform heavy lift in the offshore oil and gas business, and has evolved to position itself to lead in the booming offshore renewables sector, including a contract to work in the mammoth Dogger Bank offshore wind build out. Torgeir Ramstad, CEO, OHT, discusses his company and its role in the growing offshore wind market.

By Greg Trauthwein hen Torgeir Ramstad took the top post at shore wind, primarily. We will build down our engagement in

OHT in 2015, the offshore oil and gas in- oil and gas in a deliberate way, and we will eventually decline dustry was just starting its historic nosedive. opportunities in oil and gas if they don’t suit our strategy, be- “When I joined the company, I saw great po- cause we frmly believe there will be more than enough within

W tential in developing the company into new industries,” Rams- offshore wind,” said Ramstad.

tad said. “Oil and gas was in its nth downturn, we were look- ing at alternative industries and quickly came up with offshore

THE VALUE PROPOSITION: wind, primarily because I came from Fred Olsen Windcarrier (as

TRANSPORT & INSTALL

Managing Directory), which is active in turbine installation.” The value proposition that OHT proposes is one shared

From there the mold was cast, and by 2020 OHT had more universally: fnd a way to do “it” more effciently. The key than 50% of its revenues coming from offshore wind deploy- difference: “it” – in this regard – is seamlessly transporting ing its existing feet. As Ramstad and his team sized up the mammoth pieces of equipment, thousands of miles in one of market and the opportunities, the mission turned to build its the most hostile environs on the planet and dropping it, as portfolio and potential in offshore renewable energy with the they say, on a dime in the bottom of the sea.

aim of exiting the oil and gas sector altogether by 2026, with Enter Alfa Lift.

one exception: sustainable oil and gas decommissioning. “We quite quickly came down to a conclusion that we “We will focus our intention on building business in off- would look at foundation installation primarily, as it is closer 36 OFFSHORE ENGINEER OEDIGITAL.COM