Paratus Energy

Paratus Energy is an offshore energy services investment company that invests in international companies providing services to the offshore energy industry. Officially established in 2018, the company builds on decades of offshore experience and industry expertise, and is headquartered in Bermuda with management offices in Norway and the United Kingdom. It is listed on the Euronext Oslo Børs under the ticker "PLSV". Paratus Energy's current holdings comprise a 50% joint venture interest in Seagems, a leading subsea services company that owns and operates a fleet of six multi-purpose pipe-laying support vessels (PLSVs). These vessels provide support, installation, flexible pipe-laying and construction services, and all are currently operating under contracts in a resilient and infrastructure-linked segment in Brazil. Seagems was established in 2011 and is today a 50/50 joint venture between Paratus Energy and Vantris Energy Berhad, a global integrated energy services and solutions provider. Seagems employs more than 1,100 people from multiple nationalities. Until July 29, 2026, Paratus Energy also owned a jack-up drilling business through its wholly owned subsidiary, Fontis Energy. Following that date, the company's holdings are focused on its Seagems joint venture interest. The company's management team includes Baton Haxhimehmedi, who serves as Group Chief Financial Officer and, from April 2026, Interim Chief Executive Officer, and Nika Hasanova, Chief Accounting Officer. Paratus Energy reports its financial results on a quarterly basis and participates in industry events such as the Pareto Energy Conference.

Paratus Energy was officially established in 2018, building on decades of offshore experience and industry expertise. The company was created as an investment vehicle focused on international companies that provide services to the offshore energy industry. It is headquartered in Bermuda, with management offices in Norway and the United Kingdom, and is listed on the Euronext Oslo Børs under the ticker "PLSV". A central element of Paratus Energy's history is its relationship with Seagems, a subsea services company established in 2011. Seagems owns and operates a fleet of six multi-purpose pipe-laying support vessels (PLSVs) that provide support, installation, flexible pipe-laying and construction services, all currently operating under contracts in Brazil. Seagems is today a 50/50 joint venture between Paratus Energy and Vantris Energy Berhad, a global integrated energy services and solutions provider. Through this joint venture, Paratus Energy holds a 50% interest in a business employing more than 1,100 people from multiple nationalities. Until July 29, 2026, Paratus Energy also owned a jack-up drilling business through its wholly owned subsidiary, Fontis Energy. After that date, the company's holdings were focused on its 50% joint venture interest in Seagems. In June 2024, Baton Haxhimehmedi joined Paratus Energy as Chief Financial Officer; he had over 15 years of experience in the upstream oil and gas industry, including finance leadership roles at DNO ASA and an audit background at Ernst & Young and KPMG. From April 2026, he also serves as Interim Chief Executive Officer. Nika Hasanova serves as Chief Accounting Officer. In 2026, the company continued its reporting and market engagement activities, including the uploading of its Q2 2026 Interim Report with a responsibility statement and participation in the Pareto Energy Conference 2026. On September 23, 2026, the company announced board changes.

• 2026

  Baton Haxhimehmedi becomes Interim Chief Executive Officer from April.

• 2024

  Baton Haxhimehmedi joins Paratus Energy as Chief Financial Officer in June.

• 2018

  Paratus Energy is officially established.

• 2011

  Seagems, the subsea services company in which Paratus Energy later holds a 50% joint venture interest, is established.

• Paratus Energy ceases to own its jack-up drilling business through wholly owned subsidiary Fontis Energy.

• Paratus Energy announces board changes and uploads its Q2 2026 Interim Report with responsibility statement.

An investment company focused on offshore energy services, with a resilient, infrastructure-linked subsea services portfolio in Brazil.

• Seagems joint venture interest

  A 50% joint venture interest in Seagems, a leading subsea services company owning and operating six multi-purpose pipe-laying support vessels.

• Fontis Energy (until July 29, 2026)

  A jack-up drilling business owned through a wholly owned subsidiary until July 29, 2026.

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