The transition from technology development to commercialisation is a very critical phase of any technology innovation company. A main shareholder securing this transition as well as giving valuable input for further development is crucial for long-term success.
Norwegian company OCTIO specialises in the permanent and semi-permanent monitoring of reservoirs, drilling and injection wells using high vector fidelity seismic MEMS sensors with interface to EM, chemical, biological and oceanographic sensors.
Having developed its systems over a number of years, it has now joined forces with Statoil Technology Invest, which has become a major shareholder. Statoil is considered one of the world’s leading oil companies with regard to enhanced oil recovery (EOR) and is continuously seeking solutions to improve this further, combined with a high focus on reducing risk and cost of operation.
