INVESTORS

The Hydrophilic reservoir intelligence technology is currently being developed, tested and demonstrated. In 2022 the game changing technology will become commercially available and offered as a service to the international E&P industry.

Trond Rolfsvåg, the inventor of the technology, established Hydrophilic AS in 2016 in order to develop the Hydrophilic Probe Technology. In May 2017, the company was accepted into Validé’s Incubator program.

The «Proof of Concept» phase was completed in 2017, and included laboratory testing at University of Strathclyde, independent verification of the results and theory at NORCE, and a conceptual tool design at Aarbakke Innovation. This phase was funded by Equinor «blue sky», Innovation Norway and the Oil & Gas Innovation Center (OGIC) in the UK. Currently, Aker BP, ConocoPhillips, Equinor, DNO and OMV provide financial support to the development of the technology. Wintershall DEA and Vår Energi have expressed interest in supporting the further development of the technology.

In 2018 the Hydrophilic Gauge Technology was conceptually designed for use in producing reservoirs. The technology will be developed over the next couple of years (patent pending).

Our current shareholders:

Trond Rolfsvaag: 77,385%

Aarbakke Innovation: 9,750%

Craig Lindsay: 3,535%

Bekkevold AS: 2,708%

Validé AS: 2,708%

AAI employees: 1,308%

Trond Anders Seland: 0,950%

Svein Henrik Vormedal: 0,950%

 Øyvind Richard Witt: 0,353%

Geir Endal: 0,353%

Our Board of directors:

Terje Handeland
(Chair)

Tarald Gudmestad
(Member)

Einar Bekkevold
(Member)

Trond Rolfsvåg
(Member)

Jeroen Van der Hoek
(Observer)