Blue Water Energy

Blue Water Energy, established in 2011 and headquartered in London, UK, is a private equity firm specializing in the energy sector. It focuses on investing in the middle market, targeting energy exploration, upstream equipment and services, and mid/downstream equipment and service sectors across Europe. The firm, founded by Graeme Sword, Jerker Johansson, and Thomas Sikorski, manages two funds, Blue Water Energy Fund I and II, both investing in the oil and gas industry.

Thomas Sikorski

Founding Partner

Past deals in Oilfield Services

Pipeline Technique

Acquisition in 2019
Pipeline Technique Limited is a prominent provider of pipeline construction contracting services tailored for the oil and gas industry, both in the United Kingdom and internationally. Established in 1998 and headquartered in Huntly, UK, the company specializes in a variety of services, including riser welding, deep and ultra-deep water projects, landlines, subsea production systems, and general fabrication and field joint coating. Additionally, Pipeline Technique offers value-added products such as counterboring, pipe sorting and matching, along with research and development in processes and materials. The company maintains a global presence with offices in Humble, Texas; Petaling Jaya, Malaysia; and São Paulo, Brazil.

ROVOP

Private Equity Round in 2017
ROVOP Ltd is an independent provider of subsea remotely operated vehicle (ROV) services, catering to the oil and gas, offshore wind, telecommunications, and power transmission sectors both in the United Kingdom and internationally. Founded in 2011 and headquartered in Aberdeen, the company also operates a location in Houston, Texas. ROVOP offers a comprehensive array of services, including drill support, construction, inspection, repair, and maintenance of subsea infrastructure. Their ROV capabilities extend to supporting survey operations, laying cables and pipes, as well as conducting decommissioning activities such as visual inspections, debris removal, and sample collection. By leveraging their expertise in ROV operations, ROVOP ensures tailored solutions to meet the specific operational needs of their diverse client base.

Excellence Logging

Private Equity Round in 2015
Excellence Logging is an oilfield service company that specializes in surface data logging, slickline services, and geology consulting. Operating in regions such as North America, Europe, Latin America, Asia, and West Africa, the company focuses on providing technically advanced solutions for geological evaluation and drilling monitoring. Excellence Logging offers a range of services, including mud logging, pore pressure prediction, and expert consultancy, utilizing dedicated technologies to enhance service delivery. This approach enables clients in the oil, gas, and geothermal sectors to improve the geological assessment, drilling processes, and overall production management of various types of oil wells.

Wellesley Petroleum

Private Equity Round in 2015
Wellesley Petroleum specializes in hydrocarbon exploration in Norway, operating primarily on the Norwegian continental shelf. The company has assembled a team of experienced industry professionals and is qualified as an operator. In 2017, Wellesley drilled its first operated well, marking a significant milestone in its development. The company's strategy involves generating technically and commercially attractive exploration prospects, accessing substantial acreage through license rounds and business initiatives, and planning a sustainable drilling campaign targeting high-ranking exploration sites. Wellesley is committed to building a robust exploration business by ensuring financial flexibility to advance discoveries and creating long-term value.
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