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Chevron Technology Ventures co-invests in Well Conveyor

Aug 27,2019
Chevron Technology Ventures co-invests in Well Conveyor

Major operator co-invests with ProVenture


-We are pleased that one of the major operators in the industry see the potential in Well Conveyor’s technology and are looking forward to work with Chevron in the times ahead, says Frederik Hvistendahl, Senior Partner at ProVenture.
ProVenture and co-investor Investinor invested in Well Conveyor first time in March 2018 and as active owners we have followed closely the technical development of Well Conveyor’s slim battery powered tractor (Conveyor).
-We are excited to follow Well Conveyor on the way forward and are proud to welcome Chevron into the team, says Hvistendahl.

Read more about the investment here:
Article in Petro.no (Norwegian only)
Article in Worldoil.com (English)
Link Well Conveyor

 

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