Hans Middelthon

VAKT has established a digital ecosystem for physical post-trade processing. Leveraging blockchain technologies, we provide a single source of the truth for the trade lifecycle. This eliminates reconciliation and paper-based processes, enhancing efficiency and creating new trade finance opportunities. Unlike other solutions focused on a narrow piece of the deal life-cycle, VAKT is transforming the full trade life-cycle. VAKT is invested in by thirteen leading energy companies and banks who have committed to embracing Blockchain technology, working together to develop an industry-wide solution to age-old problems.

Zilift Limited was established in May 2009 to develop and market innovative next-generation artificial lift technologies for the upstream oil and gas industry. Its core technology is in the permanent magnet motor space for which it has a large patent portfolio and considerable know-how backed by a Technical Board comprising leading figures from the electrical submersible pump (ESP) industry. This wealth of knowledge is being applied to downhole pumping products used to increase production from oil and gas wells. The use of permanent magnet motors enables considerably smaller products to be produced which can be employed in smaller diameter wells for which no pumping solution currently exists. This is particularly the case for deeper, deviated and horizontal wells. The company’s products can be deployed on jointed tubing or in through-tubing configurations including CT or wireline cable. This client select option allows Operators the freedom to choose the lowest life-cycle approach based on local conditions. This approach represents the corner stone of Zilift’s value proposition. Zilift's TorqueDrive product (an ES-PCP) has completed prototype testing and entered field trials with a major integrated oil company. The company's SpeedDrive ESP is undergoing prototype testing with field trials planned for later this year. In 2013, Zilift Inc. was formed in Bakersfield, California to provide installation and service support. Final preparation and integration of TorqueDrive systems are completed within this facility prior to installation in client wells.

VAKT has established a digital ecosystem for physical post-trade processing. Leveraging blockchain technologies, we provide a single source of the truth for the trade lifecycle. This eliminates reconciliation and paper-based processes, enhancing efficiency and creating new trade finance opportunities. Unlike other solutions focused on a narrow piece of the deal life-cycle, VAKT is transforming the full trade life-cycle. VAKT is invested in by thirteen leading energy companies and banks who have committed to embracing Blockchain technology, working together to develop an industry-wide solution to age-old problems.

Aramco Ventures is the corporate venturing arm of Aramco, the world’s leading integrated energy company. Headquartered in Dhahran with offices in North America, Europe, and Asia. Aramco Ventures’ mission is to invest globally in start-ups and technologies that have strategic relevance globally and to Aramcos business, with the ability to scale and disrupt.

Zilift Limited was established in May 2009 to develop and market innovative next-generation artificial lift technologies for the upstream oil and gas industry. Its core technology is in the permanent magnet motor space for which it has a large patent portfolio and considerable know-how backed by a Technical Board comprising leading figures from the electrical submersible pump (ESP) industry. This wealth of knowledge is being applied to downhole pumping products used to increase production from oil and gas wells. The use of permanent magnet motors enables considerably smaller products to be produced which can be employed in smaller diameter wells for which no pumping solution currently exists. This is particularly the case for deeper, deviated and horizontal wells. The company’s products can be deployed on jointed tubing or in through-tubing configurations including CT or wireline cable. This client select option allows Operators the freedom to choose the lowest life-cycle approach based on local conditions. This approach represents the corner stone of Zilift’s value proposition. Zilift's TorqueDrive product (an ES-PCP) has completed prototype testing and entered field trials with a major integrated oil company. The company's SpeedDrive ESP is undergoing prototype testing with field trials planned for later this year. In 2013, Zilift Inc. was formed in Bakersfield, California to provide installation and service support. Final preparation and integration of TorqueDrive systems are completed within this facility prior to installation in client wells.

Energy Capital Management (“ECM”) is a private equity investor which supports oil & gas technology companies headquartered in Europe. The ECM team combines extensive investment experience with deep sector knowledge and network to support portfolio companies in achieving accelerated growth and enhanced returns for shareholders. ECM works exclusively with Saudi Aramco Energy Ventures LLC (SAEV), the corporate venturing subsidiary of Saudi Arabian Oil Company (Saudi Aramco), to support its venture capital activities in European oil & gas technology companies.

3i is a leading international investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in northern Europe and North America. We provide our shareholders with access to the higher growth potential of mid-market unquoted companies. We use our strong balance sheet and our expertise in specific sectors and geographies to realise this potential and aim to generate mid to high teens returns for our shareholders. We back entrepreneurs and management teams of mid-market businesses in Europe and North America. Once invested, we work closely with our portfolio companies to achieve their full potential.