# InflowControl AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inflowcontrol

- Industry: Oil & Gas
- Headquarters: Porsgrunn, Norway
- Website: www.inflowcontrol.no
- Latest round: Series A (Aug 28, 2013)
- Investors on record: 1

## About

InflowControl AS is a Norwegian company specializing in advanced reservoir management solutions, focusing on optimizing oil recovery while minimizing environmental impact through innovative technology.InflowControl AS, founded in 2011 and headquartered in Porsgrunn, Norway, provides advanced inflow control solutions for the oil and gas industry. The company has not undergone significant changes in business strategy or operations. The CEO, Vidar Mathiesen, leads the firm, which has successfully completed one funding round, receiving Series A financing from Saudi Aramco Energy Ventures in August 2013.InflowControl specializes in advanced reservoir management solutions through its patented AICV® technology, designed to optimize oil recovery while minimizing environmental impact. The AICV® (Active Inflow Control Valve) utilizes fundamental principles of inflow control to effectively manage water production and enhance oil output from both onshore and offshore wells. This technology is primarily targeted at oil and gas operators seeking to improve the efficiency of their operations and reduce unwanted water extraction. InflowControl serves a diverse clientele in the energy sector, including major oil companies and independent operators across various geographical markets, such as the North Sea, the Middle East, and parts of Asia. With a focus on sustainability, InflowControl aims to address critical challenges in reservoir management while adhering to industry regulations.InflowControl generates revenue through direct sales of its AICV® technology and related services to energy companies. The standard transaction structure involves B2B interactions, where clients purchase the AICV® units and associated reservoir management services on a contract basis. These contracts may include maintenance agreements and performance guarantees, ensuring optimal operation of the AICV® technology in the field. In 2023, the company reported a revenue of USD 10.35 mn, with an EBITDA of USD -3.36 mn.InflowControl plans to innovate new products related to its AICV® technology, though specific release dates have not been disclosed. The company is focused on expanding its presence in the North Sea, the Middle East, and parts of Asia by 2025. The funds from the Series A financing completed in August 2013 are expected to support these initiatives.

## Funding rounds

- Series A, Aug 28, 2013 — Aramco Ventures

## Investors

- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A