BioSqueeze Inc. utilizes a low-viscosity biomineralization solution to create a permanent, gas-tight seal in oil and gas wells, effectively eliminating sustained casing pressure and preventing methane leaks. This technology has successfully sealed leaks in over 100 wells across North America, significantly reducing costs associated with traditional sealing methods.
Funding
$7.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VVFounders
Product
Problem
Oil and gas wells often experience sustained casing pressure and methane leaks, leading to environmental concerns and significant financial losses due to unsuccessful sealing attempts and wasted resources. Traditional sealing methods are frequently inconsistent, expensive, and require drill-out, adding to operational downtime and costs.
Solution
BioSqueeze Inc. offers a biomineralization solution that creates a permanent, gas-tight seal within oil and gas wells, effectively eliminating sustained casing pressure and preventing methane leaks. Their low-viscosity solution penetrates micro-annuli and pore spaces, forming crystalline calcium carbonate that bonds to steel, cement, and the formation. This environmentally friendly technology avoids the need for drill-out and has been successfully applied in P&A, DUC, producing, gas storage, and carbon sequestration wells across North America. BioSqueeze's approach reduces CO2 emissions compared to traditional cement squeezes and offers a cost-effective alternative to repeated sealing attempts.
Target Audience
The primary target audience includes oil and gas operators dealing with sustained casing pressure, methane leaks, and the need for cost-effective and environmentally sound well sealing solutions.
Features
- Low viscosity (1.05 cP) fluid for superior penetration into micro-annuli (as small as 1 micron)
- Biomineralization process forms a permanent, gas-tight seal of crystalline calcium carbonate
- Bonds readily to steel, cement, and rock formations
- No drill-out required after application
- Environmentally friendly, using natural soil bacteria and generating less CO2 than traditional cement
- Suitable for a wide range of well types: P&A, DUC, producing, gas storage, and carbon sequestration
- Effective across a wide range of temperatures, pressures, and depths