OCTIO awarded contract with Statoil

Statoil has awarded OCTIO a contract for a permanent oilfield monitoring system (PRM) at the Oseberg field, on the Norwegian Continental Shelf. The contract has a duration of six years and has the purpose of monitoring a waste water injection well. Helge Brandsæter, President of OCTIO, says “being awarded this contract during the market introduction of OCTIO’s ReM technology is a fantastic opportunity, this will

OCTIO AS acquires Gravitude AS

On August 1st 2013, OCTIO AS  acquired all the shares of Gravitude AS from Statoil Technology Invest (STI). Gravitude AS was established in 2012 within Statoil to commercialize an advanced method for 4D gravimetry and seafloor deformation monitoring. Currently, the technology is used to measure mass redistribution from production in hydrocarbon reservoirs and injection of CO2 for sequestration. The methods have been used on several fields operated