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.

Daniel Carter

Investment Director

Hill, Michael

Investment Director

Hans Middelthon

Managing Director of SAEV Europe Venture Capital

Past deals in Oilfield Services

ANYbotics

Series B in 2023
ANYbotics AG is a Swiss robotics company founded in 2016 and based in Zurich. The company specializes in developing autonomous legged robots designed for industrial applications, particularly in hazardous and complex environments. These robots feature advanced capabilities such as docking stations, robust waterproof designs, and various sensing technologies. They are equipped to perform tasks like asset monitoring, equipment health checks, and event detection, thereby enhancing productivity and safety for workers in sectors such as oil and gas, power, energy, mining, chemicals, transportation, and construction. With a team of over 100 employees, ANYbotics aims to support industrial facilities in their inspection needs, promoting more sustainable operations through intelligent robotic solutions.

Earth Science Analytics

Series A in 2019
Earth Science Analytics AS specializes in developing cloud-based software for the petroleum geosciences market. The company offers a suite of tools, including EarthNET, a web-based platform that utilizes artificial intelligence for data analysis and prediction of subsurface rock and fluid properties. Additionally, it provides EarthBANK for geo-data management, EarthGRAPH for data visualization, and EarthINSIGHT as a decision support tool. Founded in 2012 and headquartered in Stavanger, Norway, Earth Science Analytics aims to enhance exploration success in complex geological environments by delivering high-quality, data-driven predictions to clients in the oil and gas exploration and production sector. The company's innovative machine learning workflows facilitate a deeper understanding of subsurface uncertainties, allowing for more efficient and precise operations compared to traditional methodologies.

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.

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 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.

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 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 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.
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