investment in target intervention
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Target Intervention AS, an Norwegian well technology company developing specialized downhole tool solutions for the oil & gas industry
investment into zilift
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Zilift, a developer of through-tubing deployed artificial lift systems using permanent magnet motors and magnetic transmissions.
utilidata closes $20 million
Utilidata, Inc., secured more than $20 million in Series B financing. Utilidata, a leading supplier of voltage optimization and digital automation systems for the electric utility industry.
investment into inflowcontrol
Saudi Aramco Energy Ventures LLC closes an equity investment into InflowControl AS. InflowControl focuses on increasing the recovery and production from oil reservoirs by the use of innovative downhole inflow control devices.
investment into novomer
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Novomer Inc., an emerging sustainable chemistry company pioneering a family of high performance, environmentally responsible polymers and chemical intermediates.
about us
about us
learn more about us and who we are
- Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, Saudi Arabia’s fully integrated energy and chemicals company.
- Saudi Aramco, manager of the world’s largest crude oil reserves, is the most reliable supplier of energy globally, and develops high-value petrochemicals products for international and domestic customers.
- The Kingdom of Saudi Arabia is the largest economy in the MENA region, and 19th largest in the world.
Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world’s leading integrated energy and chemicals company. Our mission is: “to invest globally into early-stage and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment in the Kingdom of Saudi Arabia.”
We invest in upstream and downstream oil and gas, petrochemicals, renewables, energy efficiency and water sectors. Our objective is to deploy technologies that enhance the identification and management of reserves, enhance primary energy production, improve operational efficiency, increase value capture in downstream processing, and support optimization of Kingdom energy and water consumption.
We aim to be a value-added strategic investor. We actively support portfolio companies in accessing the Saudi Arabian and regional market, including facilitating business development, localization, and accessing of technical and operational expertise. Our team of highly experienced investment professionals provides portfolio companies with guidance and support, and access to a global network.
Saudi Aramco, a fully integrated, global petroleum and chemicals company, is the state-owned energy enterprise of the Kingdom of Saudi Arabia. It ranks first among oil companies worldwide in terms of crude oil reserves, production and exports, and is among the leading producers of natural gas.
For the 25th consecutive year, Aramco again earned the No. 1 spot in the Petroleum Intelligence Weekly’s annual rankings of the world’s top 50 oil companies.
Find out more by following this link: www.saudiaramco.com
The Kingdom of Saudi Arabia is the largest economy in the MENA region, and 19th largest in the world. The Kingdom was the 3rd fastest growing economy worldwide in the 2009-2012 periods, behind only India and China.
Saudi Arabia is undergoing an exciting transformation. In recent years the Kingdom has made significant reforms to encourage economic diversification and foreign direct investment, and is considered one of the world’s fastest reforming business climates. Today, Saudi Arabia is the largest recipient of Foreign Direct Investments in the MENA region and has been rated as the 23rd most economically competitive country in the world, according to the International Finance Corporation (IFC)-World Bank annual "Doing Business" report issued for 2014, rising from 67th in 2004.
The Kingdom has embarked on a $400bn infrastructure investment program focusing on education, healthcare, transportation, construction, information technology, materials, water and energy, including $60bn directed toward the development of four new economic cities, located across the country.
Saudi Arabia Key Facts & Figures:
#1 oil & gas producer and exporter
#1 fastest-growing region in chemicals production
#1 desalination market
#3 air conditioning market
#1 producer of cement per capita
Find out more by following this link: www.sagia.gov.sa
Saudi Aramco Energy Ventures
Saudi Aramco
The Kingdom of Saudi Arabia
strategy
strategy
our key elements of doing an investment
- approachWe seek minority equity ownership positions and in most cases seek board seats or board observer rights. We make direct investments into venture companies, and also invest selectively via best-in-class venture capital funds.
- criteriaWe perform a 360° assessment of investment opportunities. Factors we consider include: Fit with Saudi Aramco technical needs, or with broader technology needs of the Kingdom of Saudi Arabia.
- target sectorsWe invest in technologies in upstream and downstream oil & gas, petrochemicals, water, energy efficiency and renewable with application in the Saudi Arabian market.
We seek minority equity ownership positions and in most cases seek board seats or board observer rights. We make direct investments into venture companies, and also invest selectively via best-in-class venture capital funds.
Above all, we aim to be a value-adding strategic investor, supporting our portfolio companies throughout their development and leveraging our relationship with Aramco.
Our investment strategy can be characterized as follows:
| Sectors: | Upstream and downstream oil & gas, petrochemicals, water and renewables technologies with application in the Saudi Arabian market. |
| Stage: | Prototype to early expansion stage |
| Geographies: | Global |
| Ticket size: | Typically $5-10 million over 2-3 rounds of financing, but flexibility to invest from $1 million up to $30 million total exposure per company, |
| Ownership: | 5% to 35% |
| Syndication: | We often act as lead investors but will follow or syndicate with others as appropriate. |
| Engagement: | We typically seek Board or observer seats. We actively engage with portfolio companies in supporting company development and in facilitating business or technology development in Saudi Arabia and the GCC region. |
| Holding period: | Flexible, but seek alignment with management and other shareholders. |
We perform a 360° assessment of investment opportunities. Factors we consider include:
Fit with Aramco technical needs, or with broader technology needs of the Kingdom of Saudi Arabia, and scale of potential impact.
Fit with fund strategy (sectors, geography, and stage).
Capabilities and track record of management team.
Uniqueness and benefits of technology, and strength of intellectual property protection.
Size of addressable market.
Technical, IP, market, legal and financial risks.
Willingness to engage with us as investor and strategic partner.
We invest in technologies in upstream and downstream oil and gas, petrochemicals, water, energy efficiency and renewables with application to the Saudi Arabian market. Specific areas of interest are highlighted below, though we will consider any technology applicable to our circumstances. Information and communications technologies applicable to upstream or downstream operations (the "digital oilfield") are of high interest.
Upstream Oil & Gas
Focus areas include seismic and imaging technologies, reservoir engineering, fluid flow control, productivity enhancement techniques, metering and intelligent wells, artificial lift, smart fluids, tight gas and unconventional gas production, extended reach and slim-hole drilling, drilling and production fluids and hardware, computational modeling, in-situ sensing and intervention, analytics, automation and visualization.
Downstream Oil & Gas
Our downstream interest areas include the following: whole-crude desulfurization, refining advancements, corrosion and scaling detection and prevention, advanced fuel formulations and advanced engines, oil and gas sensing and treatment, robotics, functional materials, predictive maintenance, sensors, analytics, automation and visualization, and technologies that can significantly contribute to enhanced operational efficiency and effectiveness.
Petrochemicals
Our interests focus on enhancing productivity in chemicals production and downstream vertical integration from hydrocarbon feedstocks to basic and intermediate petrochemicals. This includes technologies for direct crude-to-chemicals processing as well as technologies that use CO2 as a feed stocks. We will also selectively invest in differentiated specialty chemical technologies that may be localized in Saudi Arabia, particularly into chemical industry clusters being developed around Saudi Aramco's integrated chemical mega-projects, such as Petro Rabigh and Sadara.
Water
We have wide-ranging interests in water technologies, both for application in Saudi Aramco’s operations as well as more broadly in the Kingdom. Specific areas include desalination systems, components, and pretreatment systems, wastewater treatment and recycling (including municipal, industrial and produced water), seawater injection EOR, "smart water", water distribution, and technologies that improve water resource efficiency at point of use.
Energy Efficiency
We focus on energy efficiency technologies that have near-term potential for deployment in the Saudi Arabian market. These include technologies to enhance efficiency of power generation and distribution, industrial efficiency technologies, including in the areas of rotating machinery, heat exchangers, waste heat recovery, waste pressure recovery, monitoring, analytics and asset visualization systems. Industrial efficiency focuses on petrochemicals, water, cement and metal industries that are major energy consumers in the Saudi Arabian market. Technologies enhancing end-use efficiency in the government, residential, hospitality and commercial sectors will be considered where economics are attractive in the Saudi Arabian market and where emerging regulations are likely to drive adoption.
Renewable
Saudi Arabia has abundant solar energy resources suitable for both concentrating and non-concentrating systems. Significant wind and geothermal resources are also available, particularly in western regions. We seek to invest in solar technologies; particularly those tackling unique challenges to solar systems in the region, such as extreme ambient temperatures, dust, sand, humidity and salinity of washing water, or those enhancing the likelihood of supply chain localization in Kingdom. Solar energy systems are expected to be deployed in the Kingdom in both utility-scale and distributed.
approach
criteria
target sectors
news & events
news & events
have a look into our latest news & events
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19 Jul 2017
Desktop Metal Closes $115 Million in Series D Funding
JUL 17 2017—DESKTOP METAL CLOSES $115 MILLION IN SERIES D FUNDING Financing to Fuel the Metal 3D Printing Company’s Speed to Market, Advanced Product Development and International Expansion BURLINGTON, Mass. – (July 17, 2017) – Desktop Metal, the company committed to making metal 3D printing […]
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22 Jun 2017
Oil Giant Saudi Aramco Takes Stake in Wastewater Innovator, OxyMem
Dhahran, Saudi Arabia; Minneapolis, Minn., USA; and Athlone, Ireland. June 20th, 2017 – Hot on the heels of the company securing investment from Dow Water and Process Solutions, a business unit of The Dow Chemical Company (NYSE: DOW), OxyMem Ltd., a leading innovator in energy […]
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15 May 2017
FOGHORN™ Systems Extends Series a Funding for edge Analytics and Machine Learning Platform
Innovator in edge intelligence for the Industrial Internet of Things receives additional investments from Dell Technologies Capital and Saudi Aramco Energy Ventures Mountain View, California—May 15, 2017— FogHorn Systems, a leading developer of edge analytics and machine learning software (“edge intelligence”) for Industrial Internet of […]
global presence
global presence
where we are located around the globe
Head quarter
Dhahran, Kingdom of Saudi Arabia
Aberdeen Office
Aberdeenshire, UK
Norway Office
Oslo, Norway
North America
Houston, USA
Japan
Chiyoda-ku, Tokyo.
Asia Korea
Jung-gu, Seoul
China
Beijing, China
portfolio companies
portfolio companies
our value creation partnerships
Oil Giant Saudi Aramco Takes Stake in Wastewater Innovator, OxyMem
Invested in: June 2017
Location: Ireland
Upstream
FogHorn is a leading developer of “edge intelligence” software for industrial and commercial IoT applications.
Invested in: May 2017
Location: USA
Upstream
Upstream
Comitt Well Solutions develops revolutionary oilfield technologies for revitalizing wellbores.
Downstream
Airborne Oil & Gas (AOG), the world’s leading manufacturer of Thermoplastic Composite Pipe (TCP) for oil & gas applications.
Upstream
Geomec Engineering provides subsurface injection services for oil and gas operators worldwide.
Downstream
Zahroof Valves, Inc. (ZVI) is an innovative company, headquartered in Houston, Texas, that has developed and markets the revolutionary Straightflo (SF) Valve for use in reciprocating gas compressors.
Upstream/Downstream
Enterprise semantic data search and analytics.
Downstream
NanoMech Inc. creates advanced engineering materials through patent and patent-pending nano-engineered and nano-manufactured product development.
Upstream/Downstream
An innovator in point-of-need chemical analysis, offers products based on High-Pressure Mass SpectrometryTM (HPMS).
Downstream
A privately-held construction technology company offers ConX®, a Chassis Based Modular™ structural steel system based on standardized moment connections and building assemblies.
Upstream
A well technology company developing specialized downhole tool solutions for the oil & gas industry.
Upstream
Hole enlargement and extended reach drilling tools. Designs, manufactures, sells and rents a number of new generation drilling and intervention technologies, used both in the conventional and unconventional oil and gas sector.
Upstream/Downstream
Enterprise software for wearable computing.
Downstream
Breakthrough catalyst and process technologies for converting natural gas to liquids or petrochemicals.
Fund
Investment in development stage renewable energy and environmental infrastructure projects with a technology component, primarily in Europe.
Fund
Investment in early to expansion stage clean-tech venture capital fund, with portfolio companies that are generally expected to have substantial business activities in China.
Fund
Investment in early to growth stage companies focused exclusively on energy technology, including alternative / conventional energy generation and efficiency technologies.
Energy Efficiency
Provider of voltage optimization and digital automation systems for the power distribution grid.
Downstream
A sustainable chemistry company pioneering a family of high performance environmentally responsible polymers and chemical intermediates.
Downstream
Developer of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries.
Upstream
Developer of the Autonomous Inflow Control Valve (AICV) that automatically shuts off well sections to prevent gas or water ingression from entering horizontal and multilateral wells.
Upstream
Provides through‐tubing deployed artificial lift systems using permanent magnet motors and magnetic transmissions that increase production, reduce cost and improve operational flexibility.
Upstream
Provides real time drilling decision support and automation software; together with related consultancy and support services to the oil and gas industry.
Upstream
Provides directional coiled tubing drilling (DCTD) products and services, improving drilling accuracy and reducing costs in gas work over operations and other applications.
Oil Giant Saudi Aramco Takes Stake in Wastewater Innovator, OxyMem
Invested in: June 2017
Location: Ireland
Upstream
FogHorn is a leading developer of “edge intelligence” software for industrial and commercial IoT applications.
Invested in: May 2017
Location: USA
Upstream
Upstream
Comitt Well Solutions develops revolutionary oilfield technologies for revitalizing wellbores.
Downstream
Airborne Oil & Gas (AOG), the world’s leading manufacturer of Thermoplastic Composite Pipe (TCP) for oil & gas applications.
Upstream
Geomec Engineering provides subsurface injection services for oil and gas operators worldwide.
Downstream
Zahroof Valves, Inc. (ZVI) is an innovative company, headquartered in Houston, Texas, that has developed and markets the revolutionary Straightflo (SF) Valve for use in reciprocating gas compressors.
Upstream/Downstream
Enterprise semantic data search and analytics.
Downstream
NanoMech Inc. creates advanced engineering materials through patent and patent-pending nano-engineered and nano-manufactured product development.
Upstream/Downstream
An innovator in point-of-need chemical analysis, offers products based on High-Pressure Mass SpectrometryTM (HPMS).
Downstream
A privately-held construction technology company offers ConX®, a Chassis Based Modular™ structural steel system based on standardized moment connections and building assemblies.
Upstream
A well technology company developing specialized downhole tool solutions for the oil & gas industry.
Upstream
Hole enlargement and extended reach drilling tools. Designs, manufactures, sells and rents a number of new generation drilling and intervention technologies, used both in the conventional and unconventional oil and gas sector.
Upstream/Downstream
Enterprise software for wearable computing.
Downstream
Breakthrough catalyst and process technologies for converting natural gas to liquids or petrochemicals.
Fund
Investment in development stage renewable energy and environmental infrastructure projects with a technology component, primarily in Europe.
Fund
Investment in early to expansion stage clean-tech venture capital fund, with portfolio companies that are generally expected to have substantial business activities in China.
Fund
Investment in early to growth stage companies focused exclusively on energy technology, including alternative / conventional energy generation and efficiency technologies.
Energy Efficiency
Provider of voltage optimization and digital automation systems for the power distribution grid.
Downstream
A sustainable chemistry company pioneering a family of high performance environmentally responsible polymers and chemical intermediates.
Downstream
Developer of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries.
Upstream
Developer of the Autonomous Inflow Control Valve (AICV) that automatically shuts off well sections to prevent gas or water ingression from entering horizontal and multilateral wells.
Upstream
Provides through‐tubing deployed artificial lift systems using permanent magnet motors and magnetic transmissions that increase production, reduce cost and improve operational flexibility.
Upstream
Provides real time drilling decision support and automation software; together with related consultancy and support services to the oil and gas industry.
Upstream
Provides directional coiled tubing drilling (DCTD) products and services, improving drilling accuracy and reducing costs in gas work over operations and other applications.
contact us
contact us
keep in touch and send us your enquiry
Location
Address
Email Us
Europe
-
Aberdeen Office:
Abercrombie Court
Arnhall Business Park
Westhill, AB32 6FE
Aberdeenshire, UK -
Norway Office:
Stortingsgaten 22
3rd floor, 0161
Oslo, Norway
Email Us
Asia
Aramco Asia Japan K.K
Marunouchi Building 26F
2-4-1, Marounouchi
Chiyoda-ku
Tokyo 100-6326
Email Us
Aramco Asia China
43/F, China World Tower,
No.1 Jianguomenwai Avenue
Chaoyang District
Beijing 100004 PR China
Email Us
Location
Saudi Arabia
9/F Al-Midra Tower
Dhahran 31311
Kingdom of Saudi Arabia