Well Conveyor
Venture Round in 2018
Well Conveyor AS is a downhole engineering company based in Bryne, Norway, established in 2015. The company specializes in the development of battery-powered slimhole conveyors designed for small horizontal wells. Its innovative conveyor system is optimized for electric operation, featuring an efficient electro-mechanical design that allows for extended tracking distances. This technology enables oil and gas companies to service wells that previously could not be accessed with traditional tractor systems. Well Conveyor aims to enhance operational efficiency in the oil services sector through its advanced engineering solutions.
Sorbwater Technology
Venture Round in 2017
Sorbwater Technology AS is a Norwegian company specializing in environmental services for the oil and gas industry, focusing on the purification of water and wastewater. Established in 2007 and based in Bergen, the company offers a range of innovative technologies, including Sorbfloc, a biodegradable flocculent that aids in wastewater treatment, and Sorbsep, which effectively separates hydrocarbons from produced water. Additionally, Sorbwater provides the Sorbpol, an automated polishing reactor designed to prevent clogging and reduce maintenance needs. Their comprehensive water treatment systems are designed to work across various applications, such as separating pollutants, treating slop and grey water, and preparing water for disinfection processes. Sorbwater's solutions not only enhance environmental protection by minimizing harmful discharges but also aim to reduce treatment costs for clients. While the company primarily targets the upstream oil and gas market, its technologies have potential applications in other sectors like mining and petrochemical refining.
Scale Protection
Venture Round in 2017
Scale Protection AS is a Norwegian company headquartered in Harstad, established in 2010. It specializes in scale management solutions for oil and gas wells, aiming to prevent scale deposition that can hinder production efficiency. The company offers a range of products and services, including scale monitoring through advanced technologies such as scanning electron microscopy and downhole monitoring tools. Additionally, Scale Protection provides squeeze placement, modeling, and advisory services to enhance well management. By focusing on cost-effective, non-chemical methods for scale prevention, Scale Protection aims to improve operational performance for its clients in the energy sector.
Xsens
Venture Round in 2017
Xsens AS, established in 2013 and based in Bergen, Norway, specializes in developing non-invasive measurement systems tailored to the oil and gas industry. The company's core business involves creating high-accuracy, intelligent systems designed for standard process pipe installations, focusing on process optimization, flow assurance, and integrity measurement. Xsens AS is a spin-off from Christian Michelsen Research (CMR) AS.
Ace Oil Tools
Venture Round in 2015
Ace Oil Tools AS is a Norway-based company, established in 2012, that specializes in providing stop collars and anchoring solutions for downhole applications in the energy sector. The company focuses on the development of tools designed to securely lock additional downhole components onto various tubes, ensuring effective installation and reliable anchoring of equipment. Ace Oil Tools' product line includes stop collars for elevators and ratchet collars, aimed at protecting control lines and enhancing operational efficiency in the energy industry.
Ziebel AS
Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.
Verdande Technology
Venture Round in 2012
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.
Zilift
Venture Round in 2012
Zilift Limited is an oil and gas technology company based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California. Founded in 2009, Zilift specializes in developing and marketing advanced magnet technologies for artificial lift applications. The company offers two primary product lines: TorqueDrive and SpeedDrive. TorqueDrive is an integrated downhole drivetrain system designed for progressing cavity pumps, improving performance and flexibility in wellbore placement while eliminating common failures associated with conventional top drive systems. SpeedDrive, on the other hand, is an innovative electrical submersible pump (ESP) that stands out as the world's only 2⁵⁄₈″ diameter ESP, enabling deployment via cable or wireline. This technology allows for effective interventions in slim bore and restricted access applications, significantly reducing lifting costs and expanding deployment options for clients. Zilift's compact, high-efficiency designs leverage permanent magnet materials to enhance power density and operational versatility in challenging environments.
Pinovo
Venture Round in 2011
Pinovo is an international provider of innovative and patented technology focused on the treatment, maintenance, and inspection of industrial surfaces. The company specializes in enclosed sandblasting systems that offer a dust-free alternative to traditional methods, characterized by low noise emissions and superior surface quality. Pinovo's solutions are utilized across a variety of industries, including pipelines, offshore installations, marine vessels, and equipment. By employing their advanced grit blasting technology, businesses can minimize health risks for operators, mitigate environmental impact through zero spills, and achieve cost efficiencies in maintenance and surface preparation.
Zilift
Venture Round in 2011
Zilift Limited is an oil and gas technology company based in Aberdeen, United Kingdom, with an additional location in Bakersfield, California. Founded in 2009, Zilift specializes in developing and marketing advanced magnet technologies for artificial lift applications. The company offers two primary product lines: TorqueDrive and SpeedDrive. TorqueDrive is an integrated downhole drivetrain system designed for progressing cavity pumps, improving performance and flexibility in wellbore placement while eliminating common failures associated with conventional top drive systems. SpeedDrive, on the other hand, is an innovative electrical submersible pump (ESP) that stands out as the world's only 2⁵⁄₈″ diameter ESP, enabling deployment via cable or wireline. This technology allows for effective interventions in slim bore and restricted access applications, significantly reducing lifting costs and expanding deployment options for clients. Zilift's compact, high-efficiency designs leverage permanent magnet materials to enhance power density and operational versatility in challenging environments.
Verdande Technology
Venture Round in 2010
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.
ExproSoft
Venture Round in 2010
ExproSoft AS is a software and consultancy firm specializing in well performance analytics for the upstream oil and gas sector. Founded in 2000 and headquartered in Trondheim, Norway, with additional offices in Stavanger and Houston, the company offers a range of products designed to enhance well integrity and operational safety. Its offerings include a well integrity management system, software for analyzing well completion equipment reliability, and a cloud-based production performance simulation tool. ExproSoft also provides databases focused on subsea production systems and blowout preventers, alongside risk and reliability studies, technology qualification, and customized software development services. By equipping oil and gas operators with insights into equipment failures and risks, ExproSoft aims to improve well uptime, reduce intervention costs, and increase production throughout the wells' life cycles.
Aptomar
Venture Round in 2010
Aptomar is a prominent provider of integrated field monitoring sensors, systems, and services tailored for the oil and gas industry. Headquartered in Trondheim, Norway, with additional offices in Houston, USA, and Rio de Janeiro, Brazil, the company is dedicated to enhancing safety and environmental integrity through advanced monitoring solutions. Aptomar specializes in 24/7 oil spill detection and response, surveillance, security, and search and rescue operations, collaborating closely with industry stakeholders. Utilizing proprietary technology alongside commercially available sensors, Aptomar consolidates remotely monitored data into a unified display, enabling real-time situational awareness. Trained operators analyze this data to provide timely alerts and support to offshore operators during incidents. In response to industry demands for a more systematic approach to field monitoring, Aptomar established Aptomarin, a maritime control center in Trondheim, which offers continuous monitoring and emergency response management staffed by experienced maritime professionals.
Verdande Technology
Seed Round in 2007
Verdande Technology, previously known as Volve AS, specializes in developing innovative products and services that facilitate the re-use of knowledge through advanced reasoning technology. Its core technology employs case-based reasoning, allowing users to address new challenges by leveraging solutions from similar past experiences. This approach is particularly beneficial for industries such as oil and gas, where the company provides tools that assist in interpreting drilling data. By identifying, capturing, and analyzing data patterns in real-time, Verdande Technology enables clients to predict future problems, diagnose issues, and uncover potentially impactful events. This capability empowers organizations to make informed decisions and enhance operational effectiveness.
Aptomar
Seed Round in 2007
Aptomar is a prominent provider of integrated field monitoring sensors, systems, and services tailored for the oil and gas industry. Headquartered in Trondheim, Norway, with additional offices in Houston, USA, and Rio de Janeiro, Brazil, the company is dedicated to enhancing safety and environmental integrity through advanced monitoring solutions. Aptomar specializes in 24/7 oil spill detection and response, surveillance, security, and search and rescue operations, collaborating closely with industry stakeholders. Utilizing proprietary technology alongside commercially available sensors, Aptomar consolidates remotely monitored data into a unified display, enabling real-time situational awareness. Trained operators analyze this data to provide timely alerts and support to offshore operators during incidents. In response to industry demands for a more systematic approach to field monitoring, Aptomar established Aptomarin, a maritime control center in Trondheim, which offers continuous monitoring and emergency response management staffed by experienced maritime professionals.