Tyrfing Innovation secures 10+ MNOK investment for commercialisation of P&A technology.
Since 2017 the company has been developing a unique technology that will reduce cost and CO2 emissions during P&A operations. In addition, the technology enables rigless operations.
The funding allows the company to source tools and equipment, and to grow the organization in order to deliver a new service to the operator.
“We are pleased to secure funding for continued development and commercialisation of our Multi Drilling Tool (MDT) technology. This is in line with our strategy to be a provider of new and innovative P&A technologies”, says CEO Morten Lerbrekk.
“This is in line with our strategy to be a provider of new and innovative P&A technologies”