investment in target intervention
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Target Intervention AS, an Norwegian well technology company developing specialized downhole tool solutions for the oil & gas industry
investment into zilift
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Zilift, a developer of through-tubing deployed artificial lift systems using permanent magnet motors and magnetic transmissions.
utilidata closes $20 million
Utilidata, Inc., secured more than $20 million in Series B financing. Utilidata, a leading supplier of voltage optimization and digital automation systems for the electric utility industry.
investment into inflowcontrol
Saudi Aramco Energy Ventures LLC closes an equity investment into InflowControl AS. InflowControl focuses on increasing the recovery and production from oil reservoirs by the use of innovative downhole inflow control devices.
investment into novomer
Saudi Aramco Energy Ventures LLC has led a venture capital investment into Novomer Inc., an emerging sustainable chemistry company pioneering a family of high performance, environmentally responsible polymers and chemical intermediates.
learn more about us and who we are
- Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, Saudi Arabia’s fully integrated energy and chemicals company.
- Saudi Aramco, manager of the world’s largest crude oil reserves, is the most reliable supplier of energy globally, and develops high-value petrochemicals products for international and domestic customers.
- The Kingdom of Saudi Arabia is the largest economy in the MENA region, and 19th largest in the world.
Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world’s leading integrated energy and chemicals company. Our mission is: “to invest globally into early-stage and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment in the Kingdom of Saudi Arabia.”
We invest in upstream and downstream oil and gas, petrochemicals, renewables, energy efficiency and water sectors. Our objective is to deploy technologies that enhance the identification and management of reserves, enhance primary energy production, improve operational efficiency, increase value capture in downstream processing, and support optimization of Kingdom energy and water consumption.
We aim to be a value-added strategic investor. We actively support portfolio companies in accessing the Saudi Arabian and regional market, including facilitating business development, localization, and accessing of technical and operational expertise. Our team of highly experienced investment professionals provides portfolio companies with guidance and support, and access to a global network.
Saudi Aramco, a fully integrated, global petroleum and chemicals company, is the state-owned energy enterprise of the Kingdom of Saudi Arabia. It ranks first among oil companies worldwide in terms of crude oil reserves, production and exports, and is among the leading producers of natural gas.
For the 25th consecutive year, Aramco again earned the No. 1 spot in the Petroleum Intelligence Weekly’s annual rankings of the world’s top 50 oil companies.
Find out more by following this link: www.saudiaramco.com
The Kingdom of Saudi Arabia is the largest economy in the MENA region, and 19th largest in the world. The Kingdom was the 3rd fastest growing economy worldwide in the 2009-2012 periods, behind only India and China.
Saudi Arabia is undergoing an exciting transformation. In recent years the Kingdom has made significant reforms to encourage economic diversification and foreign direct investment, and is considered one of the world’s fastest reforming business climates. Today, Saudi Arabia is the largest recipient of Foreign Direct Investments in the MENA region and has been rated as the 23rd most economically competitive country in the world, according to the International Finance Corporation (IFC)-World Bank annual "Doing Business" report issued for 2014, rising from 67th in 2004.
The Kingdom has embarked on a $400bn infrastructure investment program focusing on education, healthcare, transportation, construction, information technology, materials, water and energy, including $60bn directed toward the development of four new economic cities, located across the country.
Saudi Arabia Key Facts & Figures:
#1 oil & gas producer and exporter
#1 fastest-growing region in chemicals production
#1 desalination market
#3 air conditioning market
#1 producer of cement per capita
Find out more by following this link: www.sagia.gov.sa
Saudi Aramco Energy Ventures
The Kingdom of Saudi Arabia
our key elements of doing an investment
- approachWe seek minority equity ownership positions and in most cases seek board seats or board observer rights. We make direct investments into venture companies, and also invest selectively via best-in-class venture capital funds.
- criteriaWe perform a 360° assessment of investment opportunities. Factors we consider include: Fit with Saudi Aramco technical needs, or with broader technology needs of the Kingdom of Saudi Arabia.
- target sectorsWe invest in technologies in upstream and downstream oil & gas, petrochemicals, water, energy efficiency and renewable with application in the Saudi Arabian market.
We seek minority equity ownership positions and in most cases seek board seats or board observer rights. We make direct investments into venture companies, and also invest selectively via best-in-class venture capital funds.
Above all, we aim to be a value-adding strategic investor, supporting our portfolio companies throughout their development and leveraging our relationship with Aramco.
Our investment strategy can be characterized as follows:
|Sectors:||Upstream and downstream oil & gas, petrochemicals, water and renewables technologies with application in the Saudi Arabian market.|
|Stage:||Prototype to early expansion stage|
|Ticket size:||Typically $5-10 million over 2-3 rounds of financing, but flexibility to invest from $1 million up to $30 million total exposure per company,|
|Ownership:||5% to 35%|
|Syndication:||We often act as lead investors but will follow or syndicate with others as appropriate.|
|Engagement:||We typically seek Board or observer seats. We actively engage with portfolio companies in supporting company development and in facilitating business or technology development in Saudi Arabia and the GCC region.|
|Holding period:||Flexible, but seek alignment with management and other shareholders.|
We perform a 360° assessment of investment opportunities. Factors we consider include:
Fit with Aramco technical needs, or with broader technology needs of the Kingdom of Saudi Arabia, and scale of potential impact.
Fit with fund strategy (sectors, geography, and stage).
Capabilities and track record of management team.
Uniqueness and benefits of technology, and strength of intellectual property protection.
Size of addressable market.
Technical, IP, market, legal and financial risks.
Willingness to engage with us as investor and strategic partner.
We invest in technologies in upstream and downstream oil and gas, petrochemicals, water, energy efficiency and renewables with application to the Saudi Arabian market. Specific areas of interest are highlighted below, though we will consider any technology applicable to our circumstances. Information and communications technologies applicable to upstream or downstream operations (the "digital oilfield") are of high interest.
Upstream Oil & Gas
Focus areas include seismic and imaging technologies, reservoir engineering, fluid flow control, productivity enhancement techniques, metering and intelligent wells, artificial lift, smart fluids, tight gas and unconventional gas production, extended reach and slim-hole drilling, drilling and production fluids and hardware, computational modeling, in-situ sensing and intervention, analytics, automation and visualization.
Downstream Oil & Gas
Our downstream interest areas include the following: whole-crude desulfurization, refining advancements, corrosion and scaling detection and prevention, advanced fuel formulations and advanced engines, oil and gas sensing and treatment, robotics, functional materials, predictive maintenance, sensors, analytics, automation and visualization, and technologies that can significantly contribute to enhanced operational efficiency and effectiveness.
Our interests focus on enhancing productivity in chemicals production and downstream vertical integration from hydrocarbon feedstocks to basic and intermediate petrochemicals. This includes technologies for direct crude-to-chemicals processing as well as technologies that use CO2 as a feed stocks. We will also selectively invest in differentiated specialty chemical technologies that may be localized in Saudi Arabia, particularly into chemical industry clusters being developed around Saudi Aramco's integrated chemical mega-projects, such as Petro Rabigh and Sadara.
We have wide-ranging interests in water technologies, both for application in Saudi Aramco’s operations as well as more broadly in the Kingdom. Specific areas include desalination systems, components, and pretreatment systems, wastewater treatment and recycling (including municipal, industrial and produced water), seawater injection EOR, "smart water", water distribution, and technologies that improve water resource efficiency at point of use.
We focus on energy efficiency technologies that have near-term potential for deployment in the Saudi Arabian market. These include technologies to enhance efficiency of power generation and distribution, industrial efficiency technologies, including in the areas of rotating machinery, heat exchangers, waste heat recovery, waste pressure recovery, monitoring, analytics and asset visualization systems. Industrial efficiency focuses on petrochemicals, water, cement and metal industries that are major energy consumers in the Saudi Arabian market. Technologies enhancing end-use efficiency in the government, residential, hospitality and commercial sectors will be considered where economics are attractive in the Saudi Arabian market and where emerging regulations are likely to drive adoption.
Saudi Arabia has abundant solar energy resources suitable for both concentrating and non-concentrating systems. Significant wind and geothermal resources are also available, particularly in western regions. We seek to invest in solar technologies; particularly those tackling unique challenges to solar systems in the region, such as extreme ambient temperatures, dust, sand, humidity and salinity of washing water, or those enhancing the likelihood of supply chain localization in Kingdom. Solar energy systems are expected to be deployed in the Kingdom in both utility-scale and distributed.
news & events
news & events
have a look into our latest news & events
05 Jul 2016
Zahroof Valves Secures Series C Funding from Saudi Aramco Energy Ventures and NGP Energy Technology Partners
HOSTON, TX. July 05, 2016 – Zahroof Valves Inc. (ZVI), today announced it has secured Series C funding led by Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of Saudi Aramco, the world’s leading integrated energy enterprise. Existing investor NGP Energy Technology Partners (NGP […]
30 May 2016
Maana Named a Gartner “Cool Vendor in IoT Analytics 2016”
Maana, the advanced analytics platform that operationalizes big data insights into line-of-business applications, today announced it was named a “Cool Vendor” in the “Cool Vendor in IoT Analytics, 2016” report by Gartner, Inc. According to Gartner, “The market for IoT analytics spans industrial, enterprise and […]
07 May 2016
Harvard Business School MBA class discusses Saudi Aramco Energy Ventures
Harvard Business School (HBS) — known for its top tier MBA program — recently brought Saudi Aramco into the classroom, where students engaged in an educational exercise to review and analyze the company’s venture capital initiative. The HBS curriculum incorporates case study reviews on real-world […]
where we are located around the globe
Dhahran, Kingdom of Saudi Arabia
our value creation partnerships
keep in touch and send us your enquiry
Arnhall Business Park
Westhill, AB32 6FE
3rd floor, 0161
Aramco Asia Japan K.K
Marunouchi Building 26F
Aramco Asia China
43/F, China World Tower,
No.1 Jianguomenwai Avenue
Beijing 100004 PR China