SENTINEL Subsea has secured a six-figure investment from Alba Equity and Scottish Enterprise to help develop its “game-changing” technology for monitoring subsea wells.
The Aberdeen-based firm, which was founded in 2018, said successful field trials for its WellSentinel product, which manages the integrity of subsea wells, have been carried out.
The firm said the investment comes at a pivotal stage of its development following the appointment of Ray Riddoch as chairman.
Neil Gordon, Sentinel Subsea chief executive, said: “We know our technology has vast benefits for the industry including large cost savings and a reduced emission footprint - this investment will allow us to continue our vital work towards eliminating risks associated with maturing infrastructure and extend the life of the subsea facilities.”
John Duncan, of Alba Equity, which an investment syndicate based in Aberdeen that focuses on high growth businesses that are developing unique and patented technologies, said that the company believes the solutions that Sentinel Subsea has developed "address an urgent requirement for the continual monitoring of subsea wells".
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