Well-SENSE secures strategic investment from Saudi Aramco Energy Ventures

ABERDEEN -- Downhole technology specialist, Well-SENSE, announced today that it has secured a seven-figure equity investment from Saudi Aramco Energy Ventures (SAEV), alongside its current owners, FrontRow Energy Technology Group Limited (FrontRow) and management.

The support of SAEV as a strategic investor will help Well-SENSE accelerate the expansion of the business around the world, in particular adding the Middle East to the company’s current North American focus. Building on a track record of successful jobs, Well-SENSE is now investing in people and infrastructure to support the commercialisation of its FiberLine Intervention (FLI) technology.

The award-winning FLI has already received international recognition as an innovation that provides an entirely new approach to well intervention. FLI uses disposable tools and bare fiber optic line to capture and transmit high definition, real-time data, which represents a fast, low-cost, low-risk alternative to wireline logging.

Launched to market within the past year, FLI continues to enhance its capabilities, recently introducing Active FLI – adding single-point production logging measurements to distributed sensing along the fiber.