Aramco

Aramco Overseas Company (AOC), established in 1948, is a global service provider to Saudi Aramco, supporting its mission to supply energy worldwide. AOC offers a wide range of services, including purchasing and logistics, inspection, engineering, research and technology, IT, finance, legal, public relations, HR, international staffing, and executive services. With headquarters in The Hague and satellite offices across Europe, Asia, and the Middle East, AOC operates in regions excluding North America and Saudi Arabia. It also holds interests in refining companies and storage facilities, and has a history of operating in various global locations.

Mahdi Aladel

CEO

Tareq Amin

CEO of Aramco Digital

Frank Andrasco

Senior Investment Director

Daniel Carter

Investment Director

Chris Haase

Investment Director, North America

Hill, Michael

Investment Director

Hans Middelthon

Managing Director of SAEV Europe Venture Capital

Bruce Niven

Executive Managing Director, Strategic Venturing

Richard Riggs Ph.D

Investment Director, Europe

Anupam Singh

Senior Investment Director

Jim Sledzik

Managing Director, North America

Aysar Tayeb

Executive Managing Director, Prosperity7

Tibor Toth

Investment Director, North America

Moodhi Tubayyeb

Investment Associate

Iris Wu

Investment Associate, North America

Past deals in Oil and Gas

Andium

Series B in 2024
Andium Inc. is an Industrial Internet of Things (IIoT) company that specializes in developing cloud-based computing devices for real-time data management. Established in 2014 and headquartered in New York, Andium provides a range of innovative products, including the Andium Industrial Edge v2.0 for data monitoring in oil and gas applications, the Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi, a solution for fleet connectivity and in-vehicle communications. The company’s platform integrates advanced software services at the device level, facilitating automated remote monitoring capabilities that enhance operational efficiency while minimizing the need for extensive infrastructure and IT resources.

Seeq

Series D in 2024
Seeq Corporation specializes in analytics software tailored for processing manufacturing data across various industries, including food and beverage, oil and gas, and pharmaceuticals. Founded in 2012 and headquartered in Seattle, Washington, Seeq offers an application that enables users to analyze time-series data, search for insights, cleanse and model data, and identify patterns and trends. This platform integrates data from multiple sources, such as OSIsoft PI and SQL Server, allowing for comprehensive analysis and real-time collaboration among teams. By transforming industrial process data into actionable insights, Seeq aims to enhance business decision-making, drive operational efficiency, and support continuous improvement in manufacturing environments. The company has established partnerships with key industry players and actively participates in user conferences to promote its solutions.

Corrosion RADAR

Series B in 2024
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.

Esmax

Acquisition in 2023
Esmax is a company with over 100 years of experience in the fuel and lubricants market, focusing on natural gas and crude petroleum distribution services. It operates 279 service stations and eight distribution terminals at eleven airports, ensuring a comprehensive reach in the energy sector. The company is dedicated to quality and safety throughout its production chain. Additionally, Esmax is involved in two logistics companies and a lubricant plant, emphasizing sustainable energy distribution and high efficiency. It offers continuous support and develops customized solutions for industrial and aviation clients, reinforcing its commitment to meeting diverse customer needs.

Data Gumbo

Series C in 2022
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Clarke Valve

Series D in 2022
Clarke Valve is a developer of energy-saving shutter valves designed for industrial and aerospace applications. Founded in 2011 and based in North Kingstown, Rhode Island, the company specializes in valves that are scalable and customizable to meet diverse requirements. Its offerings are utilized across several markets, including oil and gas, aerospace, chemical processing, power generation, and water management. The valves provide significant advantages such as zero pressure drop, zero flow restriction, precise flow control, and low noise, while also being designed for minimal turbulence and cavitation. Their ultra-thin footprint, low power consumption, and plug-and-play adaptability further enhance their appeal, allowing for efficient integration in various challenging environments. Clarke Valve's products enable facilities to operate more effectively while ensuring long-term reliability.

Data Gumbo

Series B in 2021
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Seeq

Series C in 2021
Seeq Corporation specializes in analytics software tailored for processing manufacturing data across various industries, including food and beverage, oil and gas, and pharmaceuticals. Founded in 2012 and headquartered in Seattle, Washington, Seeq offers an application that enables users to analyze time-series data, search for insights, cleanse and model data, and identify patterns and trends. This platform integrates data from multiple sources, such as OSIsoft PI and SQL Server, allowing for comprehensive analysis and real-time collaboration among teams. By transforming industrial process data into actionable insights, Seeq aims to enhance business decision-making, drive operational efficiency, and support continuous improvement in manufacturing environments. The company has established partnerships with key industry players and actively participates in user conferences to promote its solutions.

Corrosion RADAR

Series A in 2021
CorrosionRADAR Ltd, established in 2017 and headquartered in Cambridge, UK, specializes in developing and implementing advanced corrosion monitoring systems. The company's core technology involves patent-pending distributed sensing, combined with Industrial Internet of Things (IIoT) and sophisticated analytics, enabling predictive corrosion management. CorrosionRADAR serves a broad range of industries, including oil and gas, power and utilities, industrial manufacturing, and civil infrastructure, offering solutions for refineries, offshore and onshore rigs, power plants, pipelines, and structures. By detecting and predicting hidden corrosion, the company helps clients maintain safety, reliability, and cost-effectiveness in their operations.

Data Gumbo

Series B in 2020
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Seeq

Series B in 2020
Seeq Corporation specializes in analytics software tailored for processing manufacturing data across various industries, including food and beverage, oil and gas, and pharmaceuticals. Founded in 2012 and headquartered in Seattle, Washington, Seeq offers an application that enables users to analyze time-series data, search for insights, cleanse and model data, and identify patterns and trends. This platform integrates data from multiple sources, such as OSIsoft PI and SQL Server, allowing for comprehensive analysis and real-time collaboration among teams. By transforming industrial process data into actionable insights, Seeq aims to enhance business decision-making, drive operational efficiency, and support continuous improvement in manufacturing environments. The company has established partnerships with key industry players and actively participates in user conferences to promote its solutions.

VAKT Holdings Limited

Venture Round in 2020
VAKT Global Limited, founded in 2018 and based in London, operates a blockchain-based digital platform designed to transform post-trade processing in the commodities trading industry. The platform serves as a secure and real-time ecosystem that enhances visibility of logistic data and eliminates traditional reconciliation and paper-based processes. By providing a single source of truth for the entire trade lifecycle, VAKT aims to improve operational efficiencies and decision-making for its clients. The initiative is supported by nine leading energy companies and banks that are committed to leveraging blockchain technology to address longstanding industry challenges. Through its innovative approach, VAKT creates new trade finance opportunities while streamlining communication and scheduling within the trading process.

Specialty RTP

Venture Round in 2020
Specialty RTP is a design and manufacturing company specializing in polymer and reinforced thermoplastic pipe products. The company offers a range of solutions, including turnkey rehabilitation services, spoolable pipes, velocity strings, and lift systems, catering to both onshore and offshore applications. Specialty RTP's products are designed to optimize production rates while minimizing capital costs and operating expenses, all without compromising safety. This focus allows clients to maximize their assets and explore profitable alternatives for mature reservoirs, enhancing their operational efficiency and effectiveness in the energy sector.

Seeq

Series B in 2019
Seeq Corporation specializes in analytics software tailored for processing manufacturing data across various industries, including food and beverage, oil and gas, and pharmaceuticals. Founded in 2012 and headquartered in Seattle, Washington, Seeq offers an application that enables users to analyze time-series data, search for insights, cleanse and model data, and identify patterns and trends. This platform integrates data from multiple sources, such as OSIsoft PI and SQL Server, allowing for comprehensive analysis and real-time collaboration among teams. By transforming industrial process data into actionable insights, Seeq aims to enhance business decision-making, drive operational efficiency, and support continuous improvement in manufacturing environments. The company has established partnerships with key industry players and actively participates in user conferences to promote its solutions.

Data Gumbo

Series A in 2019
Data Gumbo Corporation specializes in providing a blockchain-based smart contract service tailored for the oil and gas industry. Founded in 2016 and headquartered in Houston, Texas, with an additional office in Stavanger, Norway, the company offers a Blockchain-as-a-Service platform that collects and standardizes data to facilitate the execution of smart contracts on a configurable schedule. Its platform integrates real-time sensor data, enabling organizations to automate performance-based contracts and streamline transactions, thereby eliminating payment delays and disputes. By enhancing operational efficiencies and ensuring transparency, Data Gumbo's solutions help clients manage their financial operations more effectively. The company also focuses on sustainability by linking operational data to environmental, social, and governance standards, which aids in reducing contract leakage and improving capital management. Data Gumbo serves a global clientele across various industries, emphasizing security and accountability in transactions.

Clarke Valve

Series B in 2018
Clarke Valve is a developer of energy-saving shutter valves designed for industrial and aerospace applications. Founded in 2011 and based in North Kingstown, Rhode Island, the company specializes in valves that are scalable and customizable to meet diverse requirements. Its offerings are utilized across several markets, including oil and gas, aerospace, chemical processing, power generation, and water management. The valves provide significant advantages such as zero pressure drop, zero flow restriction, precise flow control, and low noise, while also being designed for minimal turbulence and cavitation. Their ultra-thin footprint, low power consumption, and plug-and-play adaptability further enhance their appeal, allowing for efficient integration in various challenging environments. Clarke Valve's products enable facilities to operate more effectively while ensuring long-term reliability.

Well-SENSE

Corporate Round in 2018
Well-SENSE Technology Ltd. specializes in the development of disposable fiber optic systems tailored for the oil and gas industry. Founded in 2015 and headquartered in Aberdeen, United Kingdom, the company offers innovative solutions such as FiberLine Intervention (FLI) technology, which provides real-time distributed temperature, pressure, and acoustic measurements along the length of wells. This technology facilitates various applications, including cement assurance, gas lift optimization, and flow monitoring, while also enabling rapid wellbore surveying that enhances efficiency and reduces costs. By capturing high-definition data, Well-SENSE aims to extend the life of oilfields, maximize productivity, and improve industry practices, ultimately supporting a beneficial legacy for future generations.

Clarke Valve

Series B in 2018
Clarke Valve is a developer of energy-saving shutter valves designed for industrial and aerospace applications. Founded in 2011 and based in North Kingstown, Rhode Island, the company specializes in valves that are scalable and customizable to meet diverse requirements. Its offerings are utilized across several markets, including oil and gas, aerospace, chemical processing, power generation, and water management. The valves provide significant advantages such as zero pressure drop, zero flow restriction, precise flow control, and low noise, while also being designed for minimal turbulence and cavitation. Their ultra-thin footprint, low power consumption, and plug-and-play adaptability further enhance their appeal, allowing for efficient integration in various challenging environments. Clarke Valve's products enable facilities to operate more effectively while ensuring long-term reliability.

Gryphon Oilfield Solutions

Private Equity Round in 2018
Gryphon Oilfield Solutions, LLC is a manufacturer of tools and equipment designed for the oil and gas field services sector. Established in 2016 and headquartered in Houston, Texas, the company specializes in a range of products including frac sleeves, toe initiation tools, coiled tubing solutions, zonal isolation equipment, liner packers, and casing equipment. Gryphon aims to address the critical challenges of wellbore management by providing innovative completions and casing solutions that enhance operational efficiency and optimize hydrocarbon recovery. The company also operates additional offices in Calgary, Canada, and has expanded its presence with sales and service centers in various locations including Oklahoma, South Texas, East Texas, Midland, Canada, and the U.K. Gryphon is supported by CSL Capital Management, a private equity firm with interests in the energy sector.

Maana

Series C in 2017
Maana, Inc. specializes in industrial data analytics and digital knowledge technology software solutions. Founded in 2012 and headquartered in Palo Alto, California, the company has additional offices in Bellevue, Washington; Houston, Texas; London, United Kingdom; and Dhahran, Saudi Arabia. Its flagship offering, the Maana Knowledge Platform, is designed to enhance operational problem-solving by enabling knowledge discovery, thereby increasing profitability for its clients. Central to this platform is the patented Knowledge Graph, which facilitates the extraction of knowledge from disparate data sources, revealing critical relationships related to assets or processes. Maana's solutions are utilized across various sectors, including field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas. Notable global clients, such as GE, Chevron, and Shell, leverage Maana's technology to operationalize insights and enable faster, data-driven decision-making for their teams.

Paradigm Group

Venture Round in 2017
Paradigm Group is an oil and gas company that offers drilling enhancement, well intervention, fire protection, and other energy services.

Cannseal

Venture Round in 2016
CannSeal is a Norwegian-based, technology-focused, oil service company that has developed a proprietary annular isolation technology for enhanced oil recovery.

Zahroof Valves

Series C in 2016
Zahroof Valves, Inc. is a manufacturer based in Houston, Texas, specializing in Zahroof Performance Valves (ZPV) that utilize patented Modular Reed Valve (MRV) technology. The company focuses on producing StraightFlo valves designed for reciprocating gas compressors, which enhance serviceability, efficiency, and reliability while reducing environmental impact and energy consumption. Zahroof Valves aims to deliver significant advantages to its customers across various industries, including natural gas, oil and gas, CNG, chemical plants, and mining, by improving compressor performance and lowering operational costs. Founded in 2010, Zahroof Valves emphasizes the importance of reducing downtime and inventory needs, ultimately providing a cost-effective solution for businesses reliant on gas compression technology.

Maana

Series B in 2016
Maana, Inc. specializes in industrial data analytics and digital knowledge technology software solutions. Founded in 2012 and headquartered in Palo Alto, California, the company has additional offices in Bellevue, Washington; Houston, Texas; London, United Kingdom; and Dhahran, Saudi Arabia. Its flagship offering, the Maana Knowledge Platform, is designed to enhance operational problem-solving by enabling knowledge discovery, thereby increasing profitability for its clients. Central to this platform is the patented Knowledge Graph, which facilitates the extraction of knowledge from disparate data sources, revealing critical relationships related to assets or processes. Maana's solutions are utilized across various sectors, including field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas. Notable global clients, such as GE, Chevron, and Shell, leverage Maana's technology to operationalize insights and enable faster, data-driven decision-making for their teams.

Target Intervention

Venture Round in 2015
Target Intervention AS specializes in developing advanced downhole tool solutions for fracture and intervention applications within the oil and gas sector. Established in 2011 and headquartered in Ålgård, Norway, the company operates both domestically and internationally. Its innovative coiled tubing tools incorporate high flow capabilities along with fully electric, independently operated functions. These tools are designed to enhance reliability and operator control during coiled tubing operations, featuring electric downhole motors that manage packing elements, anchors, and valves. The integration of real-time monitoring allows for precise oversight of well parameters, including pressure, temperature, mechanical force, and tool performance, thereby improving the overall efficiency and effectiveness of interventions in the field.

InflowControl

Private Equity Round in 2013
InflowControl AS specializes in developing inflow control technology aimed at enhancing recovery and production from oil and gas reservoirs. Established in May 2011 and headquartered in Porsgrunn, Norway, the company is founded and managed by individuals with over 15 years of experience in passive and autonomous inflow control devices. InflowControl’s innovations focus on creating devices that improve recovery factors, decrease water cut and gas-oil ratios, and enhance drainage efficiency in both offshore and onshore wells. The company employs a quality management system compliant with ISO standards and holds Achilles certification as a supplier for the oil industry in Norway and Denmark. With a strong emphasis on innovation, the team is involved in all aspects of inflow control device development, from design to production, enabling industrial companies to maximize oil and gas recovery.

Zilift

Venture Round in 2013
Zilift Limited is an oil and gas technology company that specializes in developing advanced magnet technologies for artificial lift applications. Founded in 2009 and based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California, Zilift focuses on creating high-efficiency downhole drive systems. Its product offerings include TorqueDrive, an integrated system for progressing cavity pumps (PCP), and SpeedDrive, a compact electrical submersible pump (ESP). TorqueDrive enhances pump performance while addressing common failure modes associated with traditional systems, allowing for improved wellbore placement options. SpeedDrive, recognized for its unique 2 5/8" diameter, can be deployed using wireline, facilitating applications in restricted access environments and enabling live well interventions without costly rig workovers. Zilift's innovative technologies aim to reduce lifting costs and expand deployment possibilities for artificial lift systems in the oil and gas industry.

Sekal AS

Venture Round in 2013
Sekal AS, based in Sandnes, Norway, specializes in developing software solutions aimed at enhancing the safety and efficiency of drilling operations in the oil and gas sector. Founded in 2011, the company offers two primary products: DrillScene and DrillTronics. DrillScene provides advanced monitoring capabilities that utilize real-time data to detect deteriorating conditions in the drilling environment, helping to prevent significant operational issues. DrillTronics functions as a drilling automation system, actively managing key components such as draw-works, top-drives, and mud pumps to optimize drilling performance and minimize non-productive time. Sekal AS also provides drilling engineering services, further supporting the needs of its clients. As of July 2019, Sekal AS operates as a subsidiary of Sumitomo Corporation.
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