Aramco

Aramco, officially known as Saudi Aramco, is a state-owned oil and gas company based in Dhahran, Saudi Arabia. It is recognized as one of the largest producers of hydrocarbons globally, playing a vital role in the energy sector by providing oil and gas to meet the world's demand. The company operates extensive upstream and downstream operations, focusing on enhancing energy production, refining, and petrochemicals. Aramco also prioritizes sustainability and digital innovation, investing in technology to optimize resource management and operational efficiency. Globally, Aramco Overseas Company supports its parent company by offering procurement, logistics, engineering, and a range of administrative services from various international offices. This extensive network facilitates Aramco’s operations outside of the Kingdom of Saudi Arabia and North America, ensuring that it meets the diverse needs of its affiliates and partners worldwide.

Hill, Michael

Investment Director

Hans Middelthon

Managing Director of SAEV Europe Venture Capital

Past deals in Oil and Gas Transportation

Data Gumbo

Series C in 2022
Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automate transactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty. Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact. Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com.

Data Gumbo

Series B in 2021
Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automate transactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty. Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact. Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com.

Data Gumbo

Series B in 2020
Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automate transactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty. Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact. Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com.

Data Gumbo

Series A in 2019
Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automate transactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty. Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact. Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com.

Well-SENSE

Corporate Round in 2018
Well-SENSE Technology has industry practices, extends the life of fields, and leaves a beneficial legacy for future generations. They have single-point temperature and pressure sensors, digital caliper gauges, and an HD video camera are among them. The rapid wellbore surveying technique provides data while saving money, risk, and time.

Gryphon Oilfield Solutions

Private Equity Round in 2018
Gryphon is an Oilfield Completion Tool and Casing Equipment solutions-based company, established in 2016. Gryphon is backed by CSL Capital Management, LLC, a private equity firm with multiple interests in energy and oilfield service companies. Headquartered in Houston, TX, Gryphon has bases established in Oklahoma, South Texas, East Texas, Midland, Canada and the U.K. Additional sales and service centers are currently being established.

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.

Siluria Technologies

Series D in 2014
Siluria Technologies is a materials innovation company solving global challenges for partners in the natural gas, chemicals and fuel industries. Integrating nanotechnology, biotechnology and chemical engineering, Siluria has developed a solution to the grand challenge of efficient manufacturing: the ability to produce chemicals and fuels from a cheaper, more abundant resource than oil. The company's economically superior, energy-efficient platform converts natural gas into the same materials manufactured today using current industry infrastructure. Siluria's world-class R&D and engineering teams are rapidly commercializing the company's technology to pilot-scale production in close dialogue with the world's largest chemical and fuel companies.Siluria's backers include Alloy Ventures, ARCH Venture Partners, Kleiner Perkins Caufield & Byers, Altitude Life Science Ventures, Lux Capital, and Presidio Ventures.

InflowControl

Private Equity Round in 2013
InflowControl AS is developing inflow control technology in order to increase recovery and production from oil and gas reservoirs. The founders have more than 15 years experience within passive and autonomous inflow control devices.InflowControl is a technology company that consists of a group of innovative people with proven experience from developing new inflow control technology. Quality in the deliveries is important for InflowControl, and hence we have a quality management system based on ISO 9001:2008. The company is Achilles certified as supplier for the Oil Industry in Norway and Denmark. InflowControl AS was founded in May 2011. The first office was opened in Porsgrunn September 2011. The company is owned by the founders, and the InflowControl management consist of the founders as well. The main focus for InflowControl AS is to increase the recovery and production from oil and gas fields by use of inflow control device (ICD). Our personnel have extensive experience and resources in all stages of inflow control device, including innovation, patenting, design, qualification and production.

Zilift

Venture Round in 2013
Zilift was established to develop and market permanent magnet technologies for innovative artificial lift applications. Zilift Magnet Drive™ systems are defined by the high efficiency, compact design capabilities of permanent magnet materials. Zilift innovative artificial lift systems deliver high torque or hi-flow in the most versatile, compact downhole drivetrain packages. Zilift is currently developing two product lines which will offer reductions in lifting costs and enable customers to explore innovative PCP and ESP deployments in situations and applications where none exist today. Zilift TorqueDrive™ for PCP – is an integrated downhole drivetrain and PCP artificial lift system. Zilift TorqueDrive™ removes the compromises and failure modes that are associated with top drive systems. The system dramatically improves pump performance and wellbore placement options. Zilift SpeedDrive™ for ESP – is the only 2⁵⁄₈″ diameter ESP in the world. Now it is possible to deploy an ESP on cable or wireline and take all the benefits of ESP artificial lift to new through tubing, slim bore, live well intervention and restricted access applications.
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