Saudi Aramco
Saudi Aramco is the national oil company of Saudi Arabia and the world's largest producer of oil and gas, with exclusive rights to explore, produce, and refine hydrocarbons. It maintains a global footprint across refining, chemicals, and downstream operations, supported by extensive procurement, engineering, research, IT, finance, legal, HR, and public relations services. The company operates through a broad network of affiliates and international offices to supply energy to markets worldwide and optimize production, efficiency, and value across upstream and downstream activities. Its operations span Europe, Asia, the Middle East, Africa, and the Americas, with substantial refining capacity and a large chemical manufacturing portfolio. Aramco engages in venture investing through its corporate arms to back technologies in areas such as sustainability, digitalization, and energy efficiency that complement its core energy business. The company emphasizes reliability and scale, balancing traditional hydrocarbon leadership with efforts in technology, efficiency, and global energy development.
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Past deals in Oilfield Services
ANYbotics
Series B in 2023
Founded in 2016, ANYbotics develops autonomous legged robots designed for industrial applications. These robots are equipped with features such as docking stations, robust sensing capabilities, and waterproofing. They also offer tools for reading instruments, monitoring equipment health, detecting events, and inspecting complex environments. The company aims to improve worker safety, increase productivity, and support sustainable operations in industries like oil and gas, power, mining, chemicals, construction, and transportation.
Earth Science Analytics
Series A in 2019
Earth Science Analytics AS is a Norwegian company specializing in cloud-based software solutions for the petroleum geosciences market. Founded in 2012 and headquartered in Stavanger, it offers a range of geoscience-driven software products designed to enhance exploration success in complex geological environments. The company's primary platform, EarthNET, is a web-based, geospatial-oriented software as a service (SaaS) that utilizes artificial intelligence to predict rock and fluid properties in the subsurface. Additional offerings include EarthBANK, a geo-data management platform; EarthGRAPH, a data visualization tool; and EarthINSIGHT, a decision support tool. Through machine learning workflows, Earth Science Analytics aims to deliver high-quality, data-driven predictions to clients in the exploration and production sector, improving efficiency, precision, and cost-effectiveness compared to traditional methods.
Well-SENSE Technology
Corporate Round in 2018
Well-SENSE Technology Ltd., established in 2015, specializes in developing disposable fiber optic systems for the oil and gas industry. Its innovative technology enables real-time distributed temperature, pressure, and acoustic measurements across wellbores, facilitating applications such as cement assurance, gas lift optimization, sand detection, and flow monitoring.
Veretek
Venture Round in 2018
Veretek provides electric submersible pumps, surface pumping, and optimization. Their products such as electric submersible pumps, surface pumps, variable speed drive optimization, field services, and onsite engineering. Their electric submersible pumps components such as pumps, motors, seal sections, gas handling devices, vsd, esp power cable, mle cable, downhole sensors, monitoring automation and optimization, sands mitigation, and solids mitigation.
Gryphon Oilfield Solutions
Private Equity Round in 2018
Gryphon Oilfield Solutions LLC, established in 2015, specializes in manufacturing tools and equipment for oil and gas field services. Headquartered in Houston, Texas with additional offices in Calgary, Canada, the company offers a range of solutions including frac sleeves, toe initiation systems, coiled tubing services, zonal isolation tools, liner packers, remedial workover equipment, plug and perf systems, and casing equipment. Gryphon's products aim to enhance efficiencies and optimize hydrocarbon recovery for its clients across various global locations.
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.
InflowControl
Private Equity Round in 2013
InflowControl AS is a technology company focused on developing innovative inflow control technology to enhance recovery and production from oil and gas reservoirs. Founded in May 2011, the company leverages over 15 years of expertise in passive and autonomous inflow control devices. InflowControl aims to improve oil and gas extraction by providing solutions that increase recovery factors, reduce water cut and gas-oil ratios, and enhance drainage efficiency. The company's offerings include both passive and autonomous flow control devices, which are currently under construction and testing. With a commitment to quality, InflowControl is certified under ISO 9001:2008 and recognized as a reputable supplier in the oil industry in Norway and Denmark. Its management team comprises the founders, who possess extensive experience in all facets of inflow control technology, including innovation, design, and production.
Zilift
Venture Round in 2013
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.
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