Statoil Technology Invest - Statoil Innovate
Statoil Technology Invest - Statoil Innovate
Statoil Technology Invest - Statoil Innovate
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<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong>
<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong><br />
Our Mission<br />
‣ Accelerate commercialisation of new technology to improve <strong>Statoil</strong>’s operations<br />
‣ Be a catalyst for implementation of external innovation<br />
‣ Return on investments<br />
2
<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong><br />
- Nurturing Innovation along the business life cycle<br />
Incubation / Seed<br />
Early Venture<br />
Venture<br />
9 incubators<br />
8 direct investments 12 venture investments<br />
5 seed funds<br />
LOOP: Product development programme<br />
10 projects per year<br />
3
<strong>Statoil</strong> is committed to helping growth companies overcome the barriers toward<br />
commercialisation<br />
Barriers<br />
Idea Prototype Field Test First Sales<br />
<strong>Statoil</strong><br />
contribution<br />
Identify end-user<br />
requirements<br />
Qualification & access to facilities<br />
for pilot & full scale test<br />
Create market<br />
acceptance through first<br />
use<br />
Technological expertise and industry network<br />
4
We have ground breaking technology in our portfolio<br />
Idea<br />
generation,<br />
and R&D<br />
Product<br />
Development<br />
Market<br />
Introduction<br />
Mature<br />
Growth<br />
Recent<br />
Exits<br />
Exploration<br />
Reservoir<br />
Drilling<br />
and Well<br />
Processing<br />
and Refining<br />
Facilities<br />
HSE<br />
Renewable<br />
5
<strong>Invest</strong>ment Mandate<br />
<strong>Invest</strong>ment size and form<br />
• 1 to 10 MUSD, on standard venture terms<br />
Geography<br />
• Northwest Europe & North America<br />
Participation<br />
• Generally 10 to 40%<br />
• Prioritise selection of syndicate partners<br />
• Board seat<br />
• Aim for observer status and lower participation in US deals<br />
Strategic connection to <strong>Statoil</strong><br />
• <strong>Statoil</strong> brings value through access to pilot testing, technical expertise, first use<br />
6
Our LOOP programme<br />
- Accelerated Product Development in cooperation with companies<br />
History<br />
• Over 1 BNOK invested by <strong>Statoil</strong> and external partners since 1990<br />
• Around 200 companies supported<br />
Key LOOP Contribution<br />
• Financial support, often leveraging third party capital<br />
• Access to pilot testing & technical expertise<br />
• Specification of customer needs<br />
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A Down hole and Facilities oriented LOOP portfolio<br />
Exploration &<br />
Reservoir<br />
Drilling &<br />
Well<br />
Processing &<br />
Refining<br />
Facilities Clean Energy Environment<br />
TechInvent<br />
Optipro<br />
Chain Train<br />
HiVis Pumps<br />
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<strong>Technology</strong> Strategy Focus Areas<br />
Leading in seismic imaging and interpretation<br />
• Adding quality prospects in areas with complex geology<br />
Pushing reservoir characterisation and recovery to the next level<br />
• Adding 1.5 Bbbl to reserves by 2020<br />
Step change in well construction efficiency<br />
• 30% reduction in time and 15% reduction in cost by 2020<br />
Taking subsea longer, deeper, colder<br />
• Subsea gas compression by 2015, subsea factory by 2020<br />
Carbon reducing technology, and high performance in HSE<br />
• - Industry leader in HSE & carbon-efficient production<br />
9
<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong><br />
- Nurturing Innovation along the business life cycle<br />
Electromagnetic Imaging<br />
<strong>Statoil</strong> spin-off that now is a global market leader<br />
Fibre optic communication<br />
offshore<br />
Tampnet operates the largest offshore communication network<br />
in the world and was acquired by HITECVISION in 2010<br />
Submerged turret<br />
loading<br />
A LOOP project laid the foundation for the company which was<br />
sold to Hitec & Energy Ventures. NOV bought APL for 3.1bn<br />
NOK in 2010<br />
<strong>Statoil</strong> has through investments and active ownership built successful companies<br />
Engineering &<br />
process equipment<br />
<strong>Statoil</strong> as active investor (50%) developed Framo to a<br />
successful company with over 500 employees. Schlumberger<br />
acquired the company in 2011<br />
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<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong> – history<br />
Industri & Kommersialisering and<br />
LOOP programme established<br />
<strong>Statoil</strong> Innovation<br />
started for direct<br />
investments<br />
<strong>Statoil</strong>Hydro Ventures<br />
Organized under<br />
New Energy<br />
ECM created for<br />
outsourced portfolio<br />
management<br />
Decision to take Portfolio<br />
management back inhouse<br />
Rebrand to<br />
<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong><br />
1990 2001 2007 2008 2011<br />
2012<br />
Focus<br />
Industrial<br />
development<br />
Oil & Gas<br />
Start-ups<br />
Renewable<br />
Energy<br />
Upstream oil and gas investments<br />
Active ownership<br />
12
<strong>Statoil</strong> <strong>Technology</strong> <strong>Invest</strong>: Portfolio
Resman<br />
Trondheim, Norway<br />
RESMAN tracer technology is a means of obtaining reservoir and<br />
well surveillance information without risky and costly intervention<br />
operations or cables that require extensive modifications to<br />
completion hardware.<br />
RESMAN tracers are designed to release a unique chemical<br />
fingerprint when contacted by the target fluid (oil or water). Up to<br />
30 fingerprints are currently available for either oil or water inflow<br />
detection.<br />
Segment: Reservoir<br />
Ownership: 43%<br />
<strong>Invest</strong>ment year: 2006<br />
<strong>Statoil</strong> Board member: Richard Erskine<br />
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Silixa Ltd<br />
London, UK<br />
Silixa Ltd is the world leading provider of distributed fibre optic<br />
sensing solutions for the energy, security and industrial sectors.<br />
The distributed acoustic sensor, iDAS, measures the true<br />
acoustic field by revealing the amplitude, frequency and phase<br />
along many kilometres of fibre. iDAS is a new tool for advancing<br />
the frontiers of dynamic acoustic sensing and imaging.<br />
Segment: Reservoir / Drilling and Well<br />
Ownership: 9,4%<br />
<strong>Invest</strong>ment year: 2012<br />
<strong>Statoil</strong> Board member: Sigurd M Paulsen<br />
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Verdande<br />
Trondheim, Norway<br />
Verdande have developed and commercialized decision making<br />
software to be used initially in offshore and onshore oil and gas<br />
drilling operations, although there is potential to use it in other<br />
industry verticals for example financial services and pharma. The<br />
software predicts future unwanted events and describes what<br />
actions are needed to avoid that event<br />
Segment: Oil & Gas - Drilling<br />
Ownership : 34%<br />
<strong>Invest</strong>ment year: 2006<br />
<strong>Statoil</strong> Board member: Ståle Myhre<br />
16
Trac-ID Systems AS<br />
Stavanger, Norway<br />
Trac ID was founded in March 2005 and initially was the result of a<br />
co-operation between its founders and Creowave. Trac ID<br />
Systems develops and markets tracking system solutions for<br />
wireless identification ("RFID" - Radio Frequency Identification),<br />
monitoring and communication related to equipment and<br />
processes with strong focus on the oil and gas sector and other<br />
markets with harsh operating conditions (including the fish farming<br />
industry). Trac ID focuses in particular on tracking drill pipe whilst<br />
in use (the DOTS product) and offshore equipment asset<br />
management/logistics (the TAM product).<br />
Segment: Drilling and Well<br />
Ownership: 44%<br />
<strong>Invest</strong>ment year: 2006<br />
<strong>Statoil</strong> Board member: Jan Erik Åsland<br />
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SEKAL AS<br />
Stavanger, Norway<br />
The Sekal technology captures and calculates all the physical<br />
parameters of a drilling operation. Hydraulic, mechanic and<br />
thermodynamic parameters are connected together so that a<br />
complete overview of the drilling operation can be projected. The<br />
software provides an early warning system to help guide the<br />
drilling operation through difficult situations. Everything happens in<br />
seconds.<br />
Segment: Drilling and Well<br />
Ownership: 17%<br />
<strong>Invest</strong>ment year: 2011<br />
<strong>Statoil</strong> Board member: Sigurd Paulsen<br />
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Robotic Drilling Systems AS<br />
Stavanger, Norway<br />
Seabed Rig AS has developed an innovative autonomous robotic<br />
drilling rig for unmanned drilling operations. The new system<br />
(Robotic Drilling System) sets new standards with increased<br />
safety and cost-effective planning and drilling, and can be<br />
implemented on existing as well as new drilling structures both<br />
offshore and on land.<br />
The unmanned system utilizes autonomous robotic working<br />
operations that can be remotely controlled from an interactive 3D<br />
interface.<br />
Segment: Drilling and Well<br />
Ownership: 29%<br />
<strong>Invest</strong>ment year: 2009<br />
<strong>Statoil</strong> Board member: Jan Ellevset<br />
19
Numascale<br />
Oslo, Norway<br />
With offices in Europe, Asia, and USA, Numascale’s<br />
groundbreaking NumaConnect interconnect technology enables<br />
scalable server computer systems to be built at cluster prices.<br />
NumaConnect allows high-volume manufactured server boards to<br />
be used as building blocks for systems with features that are only<br />
found in the high-end enterprise servers. NumaConnect includes<br />
full support for virtualization of processing, memory, and I/O<br />
resources, and can be used with standard operating systems.<br />
Segment: Exploration/ Reservoir<br />
Ownership : 14%<br />
<strong>Invest</strong>ment year: 2012<br />
<strong>Statoil</strong> Board member: Anders Hermansson<br />
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Ocean Riser Systems<br />
Trondheim, Norway<br />
ORS is a system integrator, cooperating with a number of<br />
systems- and product suppliers. The main core of the technology<br />
is developed through extensive cooperation with companies<br />
specializing in subsea engineering and products, subsea pumping,<br />
transient multiphase simulations, control systems.<br />
The technology has the potential to reduce cost and reduce the<br />
environmental impact and footprint from the well construction<br />
process.<br />
Segment: Drilling and Well<br />
Ownership: 35%<br />
<strong>Invest</strong>ment year: 2004<br />
<strong>Statoil</strong> Board member: Richard Erskine<br />
21
Aptomar<br />
Trondheim, Norway<br />
Offer a hazard awareness- and control system to the marine<br />
segment by combining dynamic positioning, camera technology<br />
and searchlight functionality. Application areas: Oil spill<br />
monitoring, Search and Rescue, Surveillance and Navigation<br />
Segment: HSE<br />
Ownership: 28%<br />
<strong>Invest</strong>ment year: 2007<br />
<strong>Statoil</strong> Board member: Ståle Myhre<br />
22
Marine Cybernetics AS<br />
Trondheim, Norway<br />
"Hardware-In-the-Loop (HIL)" performance testing of safety-critical<br />
control systems on ships and offshore installations such as<br />
dynamic positioning (DP), power management (PMS) and drilling<br />
control systems.<br />
Segment: Drilling and Well, Marine operations, HSE<br />
Ownership: 39%<br />
<strong>Invest</strong>ment year: 2005<br />
<strong>Statoil</strong> Board member: Ingebrigt Masvie<br />
23
Bio Architecture Lab (BAL)<br />
Berkeley (US) and Chile<br />
Our focus is on creating low cost, scalable and renewable fuels<br />
and chemicals from aquafarmed macroalgae (seaweed). Through<br />
the application of synthetic biology and enzyme design we can<br />
produce significant quantities of low cost sugars, which serve as<br />
the basis for various products, such as ethanol, biobutanol, and<br />
other specialty chemicals.<br />
We have partnered with global leaders to create end products<br />
from our technology and approach.<br />
Segment: Renewable<br />
Ownership: 20%<br />
<strong>Invest</strong>ment year: 2009<br />
<strong>Statoil</strong> Board member: Sigurd M. Paulsen<br />
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Numerical Rocks<br />
Trondheim, Norway<br />
Numerical Rocks AS was established as a spin-off from <strong>Statoil</strong><br />
ASA in 2004 to allow commercialization of the pore-scale<br />
modeling developments over the last decade in the R&D<br />
department.<br />
Segment: Reservoir<br />
Ownership: 57%<br />
<strong>Invest</strong>ment year: 2004<br />
<strong>Statoil</strong> Board member: Anders Hermansson<br />
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Presentation title<br />
Presenters name<br />
Presenters title<br />
E-mail address ……@statoil.com<br />
Tel: +4700000000<br />
www.statoil.com<br />
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