norwegian company

Oil & Gas

Epi-V fund gets stuck into Norwegian Tarblaster outfit

UK PRIVATE equity fund Epi-V has taken an 18% stake in Tarblaster, a Norwegian company that specialises in technology designed to increase the efficiency of the oil recovery process for oil sands. The business was launched in 2006 by Olav Ellingsen, an entrepreneurial developer of innovative oil-recovery technologies. Epi-V's investment will enable Tarblaster to scale up its new technology and begin successfully commercialising it for the global oil sands market.