The startup operates a platform that integrates geological and engineering expertise to enhance oil and gas exploration and carbon dioxide storage. By providing targeted services and innovative methodologies, the company enables oil firms to optimize their exploration portfolios, significantly reducing time and resource expenditures.
Funding
$220K 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.
Founders
Product
Problem
Oil and gas exploration and carbon dioxide storage projects require extensive geological and engineering expertise, often leading to high costs and time-consuming processes for oil firms. Differentiating between high-quality projects and other opportunities in the market can be challenging without a dedicated team of subsurface experts.
Solution
ExploCrowd offers subsurface expertise to accelerate exploration, production optimization, and CO₂ storage efforts. The company provides client teams with relevant skills in geology, geophysics, and reservoir engineering, enabling them to optimize their exploration portfolios and development of discoveries. ExploCrowd leverages its experience with CO₂ storage, having evaluated over 100 potential storage sites, to assist clients in identifying and quantifying CO₂ storage opportunities. By working closely with clients, ExploCrowd delivers quality results efficiently, meeting deadlines even on ambitious projects, and helps clients differentiate between high quality projects and other opportunities in the market.
Target Audience
The primary target audience includes oil and gas companies, investors, authorities, policymakers, and NGOs involved in exploration, production, and carbon capture and storage (CCS) projects.
Features
- Subsurface expertise in exploration, development, production optimization, and CO₂ storage
- Evaluation and documentation of potential onshore and nearshore CO₂ storage sites
- Proprietary Proxy Model Reservoir Simulation Tool for predicting and modeling CO₂ storage injection capacity
- Integrated regional studies providing geological framework for exploration
- Access to the Norwegian DISKOS data repository for efficient data access
- Geotechnical services for offshore wind projects through collaboration with GEO
- Regional fault maps and salt structure maps for the North Sea, Norwegian Sea, and Barents Sea
- Geopressure analysis and overpressure compartment maps