Geomec

📍 Stavanger, Norway🗓 Founded 2002👥 14 employees💰 Last funded Aug 2014
Geomec has worked tirelessly since 2002 to find innovative solutions for the oil and gas industry. Our products and services always try to minimise the impact on the environment through innovative technology. Geomec offers Software as a Service (SaaS) with technical-engineering support, for Improved Oil Recovery (IOR). We are specialised in injection monitoring & analysis, emphasising on recovery rates and safe injection. We reduce the environmental impact whilst increasing the profit. ***** Company Geomec Engineering (Stavanger, Norway & London, UK) provides subsurface injection services, for Oil & Gas operators worldwide ***** Service GeoTool Inject is a monitoring & analysis software with technical support, for disposal, pressure-support and shale-stimulation injection wells Geomec Injection Center offers dedicated technical support-services, including field & well planning, operational follow-up and problem solving ***** Value Proposition Geomec delivers enhanced visibility & control for injection wells, by converting well & reservoir data into operational information, ensuring optimized production & safety, cost-savings and automation ***** Latest News Geomec is currently commercialising a serviced-software for optimising water pressure-support, through a Demo 2000 project together with leading NCS and UKCS operators and stakeholders. This represents a completely new approach to obtain accurate real-time information about the subsurface (well & reservoir) response to well-specific changes during an injection operation. The results is a strong increase of injection-efficiency compared with current standards (by 15-20%), consequently leading to an increase in the ultimate oil recovery across the NCS and UKCS by 5-10%. By reducing the operational time and decreasing the dependency on peripherals, as well as preventing subsurface injection leakages, the Geomec solution also has a strong cost and safety impact.
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Total investors
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Early stage
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Mid stage
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Late stage
2002
Founded
Investor geography1 country
United Kingdom
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Frequently asked questions
Who invested in Geomec?
Geomec has 1 investors on record on gritt.io.
When did Geomec last raise funding?
The most recent investment in Geomec recorded on gritt.io was in August 2014.
When was Geomec founded?
Geomec was founded in 2002.
What industry is Geomec in?
Geomec operates in Oil and Gas. Find similar Oil and Gas investors on gritt.io.
Where is Geomec based?
Geomec is headquartered in Stavanger, Norway.