Fibre-optic downhole well technology
Many Aurora members have indirectly invested in this company which has developed patent-protected methods to communicate with a downhole tool via fibre optic cable carried on slickline. Its IP covers the electronic interfaces between the surface control systems and the cable and between the cable and the downhole tool.
Tbe Company is a pre-revenue technology business aiming to bring to develop and market an intelligent slickline technology. The technology embeds a fibre-optic communication line within an armoured wire line. Slickline is a commonly-used technology in the oilfield to convey various tools downhole to carry out many different activities during testing and intervention. There is a big push on in the industry to bring to market solutions to downhole communication. The founders are highly experienced oilfield engineers and commercial executives.