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Geomodeling Technology
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Short description

Provider of geologic and cross-scale modeling software for upstream oil & gas

Founded in 1996
Founded in

Company type Private Public ()
Company type

Industry Group resources & environmental management

Sector environmental monitoring

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Calgary, AB Calgary, Canada
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Updated by Cleantech Group on 06/11/2021

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Date Partner Type
Roxar Roxar
Roxar is a channel partner of Geomodeling Technologies in Russia, Abu Dhabi, Dubai, Saudi Arabia, Nigeria, the UK and North America.
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IPO INFORMATION

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Description

Date Investors Type Amount
01/01/2004 Statoil Technology Invest Statoil Technology Invest (1)
Post-money valuation of
Statoil invested in Geomodeling Technology in 2004, and exited the investment in 2011.
Growth Equity
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Products
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SBED

Modeling and flow simulation system

Wide Commercial Availability License of Usage
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