Proventure and Investinor have invested in total 24 mill NOK in Scale Protection. The investment will strengthen the company and enable growth and effort for further development of services and products related to scale prevention and monitoring. Proventure and Investinor are venture companies with a strong capital base, competence and experience within oil and gas.
In most mature oil fields, the water production cause challenges due to scale deposition in wells and processing facilities. With low oil prices and increased focus on reduced discharge of chemicals, an effective scale management is even more important. Scale Protection’s innovative solutions and competence related to prevention and monitoring will be efficient to save costs, limit scale related loss of production and reduce discharge.
With this investment, we are much better fit to build stronger team and further develop services and products to assist oil companies to improve scale management, says Ole Magnar Drønen, Scale Protection's CEO. Read article in media Petro.no and Finansavisen.