Partnership
Partnership
Aarbakke Innovation as a product enabler is a trusted partner to startups and well-established companies.
What we do
Partnership
Aarbakke Innovation as a product enabler is a trusted partner to startups and well-established companies. Part of our business model is to invest in technology companies, we seek to use our role as active owners to make a difference and may be responsible for developing an idea into a product, solution or commercialisation.
Below are some examples of that.
Axter
Axter was spun off from Aarbakke Innovation in 2022 after a product development and commercialization phase.
Axter provides smart downhole machining on a wire, typically for disruptive and novel plugging and abandonment of O&G wells, but also for applications much earlier in the well’s lifetime (EOR). Imagine a powerful and high-end machining center deployed on a wireline cable – that’s where Axter makes a difference.
Hansen Downhole Pump Solutions
HDPS have developed a new inverted rodless pump. The downhole closed-loop hydraulically operated pump can be deployed and operated on jointed tubing, or on a spoolable rigless installed flat-pack umbilical.
The company also has a patent for a downhole wet connect system, introducing new opportunities for wireline-replaceable electrical submersible pumps. The company recently received a contract for a coupler of this type for downhole permanent gauges in complex subsea wells, where the coupler enables power and signal to be transferred from a lower to an upper well completion string.
Wellstrøm
Wellstrøm AS is a joint venture between Rawwater Engineering Ltd. (UK), K2 Oilttools (Norway) and AAI. Rawwater invented the Bismuth Plug and recently developed the world’s first underwater cast-metal seal estimated to have an economic life of 3,000 years. The bismuth alloy placement is used to establish smeltable plugs outside/inside a tube as a permanent barrier for P&A.
Hydrophilic
A wireline-deployed open-hole wellbore intervention tool to determine oil–water contact in exploration wells. The tool will drill a short lateral from the mother bore, where a sensor performs high-accuracy pressure measurement, followed by retracting the drill string and sensor. The company Hydrotell AS is a subsidiary of Hydrophilic and is developing sensors that can be permanently installed in the reservoir section of production wells.
DeOX
A space-reducing topside system for electrolytic removal of oxygen from injection water. The process also produces fluoride.
Agri-e
An energy-providing company established to build, own, and operate mobile plants to process bio-/natural gas for power, heat, hydrogen, and CO2.
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