Viking Development Group has its roots in the Norwegian maritime industry. It was established by Viking Holding AS, which is the holding company of the Hansen-Tangen family and provides the necessary capital to Viking Development Group's companies.
Founded in 1969, Viking Holding AS started out chartering a 85,000 dwt tanker for the Japanese company, SANKO Steamship. The company was originally named AS Kompass and part of H.E. Hansen-Tangen Rederi AS, one of Norway’s oldest shipping companies.
In the 70s, Viking Holding AS shifted its focus to the offshore industry, and for the next two decades it was involved in a range of drilling operations -- from operating drill rigs and drill ships to designing and constructing drill barges. Among the drilling units the company owned and operated was the semi-submersible Haakon Magnus, which was named after HRH Crown Prince Haakon Magnus and christened by HRH Queen Sonja in 1975.
||In the early 90s, Viking Holding AS embarked on a new venture in the dredging industry and for the next two decades it put its extensive experience and knowledge of the industry into developing new products. |
Through its ownership of V-Tech AS, Viking Holding helped create the award-winning oil rig products UniTong and UniSlips. In 2005, V-Tech won the Woelfel Best Mechanical Engineering Award for the UniTong at OTC, the world’s biggest oil industry trade fair in Houston. In 2007, the company won the award again for the UniSlips. Only one other Norwegian company has won this prestigious award previously, but none has won the award twice. In 2008, V-Tech was sold to Weatherford for NOK 400million.
In 2008, Viking Holding established Viking Development Group. The business concept is to develop new businesses by supporting engineers in developing and marketing their innovations.
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Sandpiper & Sandbox
|UniTong was developed during 2003 and 2006. The machine can connect and disconnect drill pipes as well as casing and tubing on oil platforms. It also has additional functions that improve safety on the drill floor. UniTong replaces up to five other machines and is currently operational on several oil installations worldwide. UniTong won the Best Mechanical Engineering Award a OTC, the world’s largest oil industry trade fair in 2005 and was sold as part of V-Tech AS to Weatherford in 2008. The revenue from this sale is being used to develop new technology.||UniSlips was developed during 2006 and 2008. UniSlips is positioned underneath the UniTong; it holds the drill pipe in place when connecting and disconnecting pipes of various dimensions. Similarly to the UniTong, the UniSlips replaces several machines and improves safety on the drill floor. UniSlips also won Best the Mechanical Engineering Award at OTC, the world’s largest oil industry trade fair in 2007 and was sold as part of V-Tech to Weatherford in 2008. The revenue from this sale is being used to develop new technology.|
The Sandpiper and Sandbox technology can be retrofitted to any bulk or barge vessel, and only consists of well-known parts that can be easily and readily obtained at a low cost. The system allows for quick drainage of water during loading (patented) and facilitates swift unloading through fluidization (patented). The system does not require any structural changes to the vessel, and it can easily be brought into other trades by simply removing the system or even allowing it to stay onboard.
The CraftEngine is an ORC system specially engineered to transform low-temperature waste heat (from 80°C and upwards) into electricity. The system can also produce usable heat (combined heat and power) in cases where input temperatures are higher than 150°C.
What makes the CraftEngine unique is that it automatically adjusts to changes in temperature and power input without compromising on performance and efficiency.
At the heart of the CraftEngine is the piston expander developed in collaboration with the world's leading engine design company, AVL. The expander has been built using heavy duty components, resulting in a product with a long lifetime and minimum of maintenance. Another major advantage is that it can operate on all common refrigerants, including the more environmentally friendly HFO fluids with a global warming potential (GWP) of 10 and less.
The HeatBooster is an industrial heat pump that has been specially designed to boost waste heat from industrial processes up to an astonishing 160°C, making it ideal for drying, sterilization and pasteurization as well as many other hygiene-sensitive functions and processes.
This highly flexible heat pump system offers unprecedented flexibility, adapting easily and quickly to fluctuations in the supply of and demand for heat. Another major advantage is its ability to provide a high coefficient of performance (COP) at high-temperature lifts.
At the heart of the HeatBooster is the piston compressor developed in collaboration with the world's leading engine design company, AVL. The compressor has been built using a proven heavy-duty design, resulting in a product with a long service life and minimum of maintenance. It can also operate on all common refrigerants, including the more environmentally friendly HFO fluids with a global warming potential (GWP) of 10 and less.