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.
ConXtech closes $25 million
ConXtech Poised for Rapid Growth with Close of $25 Million Strategic Investment Led by Saudi Aramco Energy Ventures.
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 50% |
| 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.
New Drivers for Hydrocarbon Demand
We will invest opportunistically into technologies which have the potential to materially increase the demand for hydrocarbon-based products into new markets. This includes new manufacturing technologies, materials, additives and other enabling technologies in areas such as composites, construction systems, and re-use technologies.
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.
Industry 4.0
We seek to invest into enabling technologies that can have material impact in Saudi Aramco’s operations, particularly in the field of ‘Industry 4.0’ where there is much innovation. This includes IoT, robotics, mobility, cloud services, blockchain-enabled services, AR/VR, advanced manufacturing, etc.
approach
criteria
target sectors
news & events
news & events
have a look into our latest news & events
-
30 Jan 2019
GCV Rising Stars Awards 2019:
Richard Riggs -
16 Jan 2019
Saudi Aramco Energy Ventures leads Series A investment round in emissions reduction innovator Daphne Technology SA.
-
10 Jan 2019
908 Devices' High-Pressure Mass Spectrometry (HPMS) Technology to Power Next-Generation Advanced Chemical Threat Detector for U.S. Department of Defense.
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
Upstream Oil & Gas
Form Energy Inc.
Aqueous Sulfur (AqS) & Iron-Air (FeA) batteries
Clarke Industrial
Shutter valve technology
Invested in: January 2018
Gryphon Oilfield Solutions
Unconventional completion & fracking systems using dissolvable materials
Invested in: December 2017
Cannseal AS
Annular isolation technology for enhanced oil recovery
Comitt Well Solutions Inc
Fracturing and refracking systems
Geomec AS
Injection well monitoring software.
Target Intervention AS
Electric coiled tubing intervention tools.
Paradigm Drilling Services Ltd.
Extended reach drilling and hole enlargement tools.
Invested in: January 2015
InflowControl AS
Autonomous inflow control valve (AICV).
Zi-Lift AS
Permanent magnet downhole pumps (ESPs)
Sekal AS
Real-time drilling decision support and automation software.
Downstream / Petrochemicals / Fund
Daphne Technology
SAEV leads Series A investment round in emissions reduction innovator Daphne Technology SA.
Flowcastings
Turbine blade rapid prototyping and manufacturing
Invested in: January 2018
Airborne Oil & Gas
Non-metallic composite pipes
Zahroof Valves, Inc
Straight flow valves for reciprocating compressors
NanoMech, Inc
Nanomaterial-based lubricants and coatings
908 Devices, Inc
Compact spectrometry tool.
ConXtech, Inc
Modular steel construction system.
Siluria Technologies, Inc
Natural gas to ethylene and ethylene to liquids
Novomer, Inc
CO2 to polyols and CO to acrylics.
Rive Technology, Inc
Mesoporous zeolite catalysts.
Zouk REEIF II
Cleantech infrastructure investments in Europe
Braemar Energy Ventures III
Early to late stage energy technology, North America.
Tsing CEF IV
Early to expansion stage cleantech, China.
Security, Renewables, Energy Efficiency and Water
Xage Security
Xage Security Raises Strategic Investment from Saudi Aramco Energy Ventures to Continue Momentum in Energy Sector
Invested in: December 2018
NEXWAFE GMBH
High efficiency monocrystalline silicon PV wafers via epitaxial deposition
Invested in: December 2017
Oxymem, Ltd
Membrane aeration systems for waste water treatment
Invested in: June 2017
Utilidata, Inc
Power distribution grid optimization.
Industry 4.0
Foghorn Systems
Hardware/Software architecture for IoT edge analytics
Invested in: April 2017
Maana, Inc
Enterprise data search and analytics.
Parsable, Inc
Collaboration solution for industrial teams
Downstream
Daphne Technology
SAEV leads Series A investment round in emissions reduction innovator Daphne Technology SA.
Invested in: January 2019
Security
Xage Security
Xage Security Raises Strategic Investment from Saudi Aramco Energy Ventures..
Invested in: December 2018
Upstream Oil & Gas
Form Energy Inc.
Aqueous Sulfur (AqS) & Iron-Air (FeA) batteries
Invested in: March 2018
Upstream Oil & Gas
Clarke Industrial
Shutter valve technology
Invested in: January 2018
Downstream
Flowcastings
Turbine blade rapid prototyping and manufacturing
Invested in: January 2018
Upstream Oil & Gas
Gryphon Oilfield Solutions
Unconventional completion & fracking systems using dissolvable materials
Invested in: December 2017
Energy Efficiency and Water
NEXWAFE GMBH
High efficiency monocrystalline silicon PV wafers via epitaxial deposition
Invested in: December 2017
Oxymem, Ltd
Membrane aeration systems for waste water treatment
Invested in: June 2017
Upstream
Foghorn Systems
Hardware/Software architecture for IoT edge analytics
Invested in: April 2017
Upstream
Comitt Well Solutions Inc
Fracturing and refracking systems
Downstream
Airborne Oil & Gas
Non-metallic composite pipes
Upstream
Cannseal AS
Annular isolation technology for enhanced oil recovery
Downstream
Zahroof Valves, Inc
Straight flow valves for reciprocating compressors
Downstream
NanoMech, Inc
Nanomaterial-based lubricants and coatings.
Upstream/Downstream
Maana, Inc
Enterprise data search and analytics.
Upstream
Geomec AS
Injection well monitoring software.
Upstream/Downstream
908 Devices, Inc
Compact spectrometry tool.
Downstream
ConXtech, Inc
Modular steel construction system.
Upstream
Target Intervention AS
Electric coiled tubing intervention tools.
Upstream
Paradigm Drilling Services Ltd
Extended reach drilling and hole enlargement tools.
Upstream/Downstream
Parsable, Inc
Collaboration solution for industrial teams
Downstream
Siluria Technologies, Inc
Natural gas to ethylene and ethylene to liquids
Downstream
Novomer, Inc
CO2 to polyols and CO to acrylics.
Energy Efficiency
Utilidata, Inc
Power distribution grid optimization.
Upstream
InflowControl AS
Autonomous inflow control valve (AICV)
Downstream
Rive Technology, Inc
Mesoporous zeolite catalysts.
Upstream
Zi-Lift AS
Permanent magnet downhole pumps (ESPs)
Invested in: May 2013
Upstream
Sekal AS
Real-time drilling decision support and automation software.
Upstream
AnTech Limited
Directional coiled tubing drilling (DCTD)
Fund
Zouk REEIF II
Cleantech infrastructure investments in Europe.
Fund
Tsing CEF IV
Early to expansion stage cleantech, China.
Fund
Braemar Energy Ventures III
Early to late stage energy technology, North America.
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