# Stingray Geophysical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stingray-geophysical

- Industry: Oil & Gas
- Headquarters: Guildford, UK
- Website: www.stingraygeo.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Nov 10, 2006)
- Investors on record: 3

## About

Based in Guildford, UK, and founded in 2006, Stingray Geophysical Ltd. operates as a designer, manufacturer, and marketer of seismic permanent reservoir monitoring solutions. In May 2011, the firm raised a venture funding of GBP 3.15 million led by investors CG Innovation Partners, Chevron Technology Ventures, Statoil Venture, and Energy Ventures and followed by the acquisition of the firm by TGS-NOPEC Geophysical Company ASA.

The company offers an advanced fiber-optic seismic sensing technology-based seismic Permanent Reservoir Monitoring (PRM) system called Fosar. Fosar, with a simple installation and operation system, has operational capacity in water depth of up to 3,000 meters, allowing global oil and gas industries to improve production and increase hydrocarbon reserves while reducing risk and cost. Stingray’s PRM system also offers front-end engineering and design (FEED), fosar equipment such as seabed arrays, surface interrogation systems, and seabed-to-surface connections, installation of seabed and/or surface equipment as well as seismic data acquisition, processing, and project finance and management services.

## Funding rounds

- Series A, Nov 10, 2006, $1.3M — EV Private Equity, Chevron Technology Ventures, Norsk Hydro ASA

## Investors

- EV Private Equity (https://capitalatlas.ai/funds/ev-private-equity) — Series A
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series A
- Norsk Hydro ASA — Series A