BP Ventures

Cold Bore Technology Inc. is a Calgary-based company that specializes in developing down-hole sonic communication tools for the directional drilling industry in the oil and gas sector. Founded in 2012, it offers innovative solutions for data acquisition and monitoring, including digital downhole acoustic monitoring and the digitization of surface operations. Cold Bore's products, marketed under the SmartPAD brand, provide real-time access to completion operations data, enabling clients to visualize and manage workflows effectively. The company's proprietary acoustic technology transmits information from the drill bit to the surface, creating a digital representation of the well environment that can be accessed on handheld devices. This advanced capability facilitates enhanced decision-making and operational efficiency in the completion process.

Blue Ocean Seismic Services Ltd. is a UK-based company specializing in innovative ocean bottom seismic data acquisition through the development of autonomous submarines and self-repositioning nodes. Founded in 2018 and headquartered in Southampton, the company focuses on providing low-cost, efficient solutions that minimize carbon emissions and enhance safety in marine seismic operations. By utilizing swarms of long-endurance autonomous nodes, Blue Ocean Seismic Services collects high-quality seismic data while significantly reducing survey duration and costs. Its technology aims to transform the marine seismic acquisition industry, enabling clients to lower expenses, mitigate risks, and decrease the environmental impact associated with offshore exploration for oil, gas, and carbon storage.

Silicon Microgravity is a Cambridge, United Kingdom based sensor technology company that develops microelectromechanical systems for oil and gas reservoir surveillance and other applications. Its gravity sensors deliver high-sensitivity gravity data and ultra-low-frequency seismic data from boreholes, enabling precise density measurements deep in reservoirs and real-time reservoir management. The technology originated as a Cambridge University spin-out, developed with support from BP and Innovate UK, and has broader uses in navigation and stabilization of intelligent systems across commercial, industrial, and military sectors. The company aims to improve efficiency, reduce costs, and support safety and environmental goals in hydrocarbon production.

Silicon Microgravity is a Cambridge, United Kingdom based sensor technology company that develops microelectromechanical systems for oil and gas reservoir surveillance and other applications. Its gravity sensors deliver high-sensitivity gravity data and ultra-low-frequency seismic data from boreholes, enabling precise density measurements deep in reservoirs and real-time reservoir management. The technology originated as a Cambridge University spin-out, developed with support from BP and Innovate UK, and has broader uses in navigation and stabilization of intelligent systems across commercial, industrial, and military sectors. The company aims to improve efficiency, reduce costs, and support safety and environmental goals in hydrocarbon production.

Taxon Biosciences, Inc. is a biotechnology company focused on developing innovative applications and products for the agriculture, life sciences, and oil and gas sectors. Established in 2000 and headquartered in Tiburon, California, the company leverages proprietary advancements in microbiology, genomics, and informatics to create microbial solutions that enhance various processes. Its offerings include microbes designed to reduce the viscosity of heavy oil, improve residual oil recovery, and facilitate coal-to-methane conversion. Additionally, Taxon Biosciences develops specific assays for propane-utilizing microbes and provides customized microbial sets for biochemical transformations in subsurface environments. The company's products are utilized for heavy oil upgrading, coal bed methane extraction, enhanced oil recovery, crop yield optimization, and applications in biotechnology and pharmaceuticals.

XACT Downhole Telemetry Inc. is a leader in real-time downhole data solutions, specializing in challenging well construction environments for the oil and gas industry. Founded in 2004 and headquartered in Calgary, Canada, with an additional office in Houston, Texas, the company focuses on improving safety and efficiency while reducing costs and risks for operators. XACT's proprietary acoustic technology platform utilizes drill string and production tubing for data transmission, employing sound waves to facilitate a wireless communication system. This enables operators to access crucial information about well conditions throughout the drilling, completion, and production lifecycle. By deploying their Acoustic Telemetry Network, XACT enhances operational understanding and collaborates with clients to develop tailored data-driven solutions to address complex well construction challenges. As of September 2018, XACT Downhole Telemetry Inc. became a subsidiary of Baker Hughes, a GE company.