Statoil Technology Invest - commercialising technologies within oil and energy

Statoil aims to be the world’s most carbon-efficient oil and gas producer and has a significant renewable business. Statoil Technology Invest (STI) will help Statoil succeed through supporting SMEs with technologies within oil and energy. Building on a proven venture track record we will provide expert technical and financial guidance as well as project based or venture capital funding. STI is looking for technologies both within upstream oil and gas and new energy. Focus areas in oil and gas are exploration, reservoir, drilling and well, production and facilities. In new energy we are looking for technology within renewable power generation, energy storage, distributed generation, carbon capture and transformation and increased energy efficiency.

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From ideas to companies

At STI we invest in companies with varying levels of maturity. We have divided them into three phases: STI’s LOOP program provides project funding and access to technical expertise & pilots without taking ownership, while Seed funding and Venture Capital both involve STI paying for an ownership stake in a company. ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

LOOP program

STI's LOOP program provides project specific funding, technical expertise and access to pilot wells without taking an ownership stake in the company. Companies applying for LOOP funding can in many cases have other commercial technologies but require Statoil's technical expertise and financing to accelerate the development of a specific technology of interest to Statoil.

Seed funding

Seed funding would typically be used for companies with technologies at or around the proof of concept stage. When working with Seed companies STI typically focuses on developing their technologies, validating prototypes and eventually piloting the technology.

Venture capital

Venture capital would be applied to companies with commercial or near commercial technologies. When working with Venture companies STI typically focuses on validating the technology and building the organization to support sales and service delivery.