Canopus Drilling Solutions Geothermal
Offers cutting-edge drilling technology based on jetting and smart subterranean navigation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
* | €3.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Canopus Drilling Solutions (CDS) is a pioneering company in the drilling technology sector, specializing in innovative abrasive jet drilling. This advanced method is designed to enhance the productivity of geothermal and oil & gas reservoirs. The company focuses on drilling large multilateral reservoir structures from a single production or injection location, which significantly boosts efficiency and output.
CDS primarily serves clients in the geothermal energy and oil & gas industries. Their technology is particularly beneficial for companies looking to develop new geothermal wells or revive existing, closed-in oil & gas wells by converting them into geothermal wells. This dual capability opens up numerous opportunities for energy companies to maximize their resources and extend the life of their wells.
Operating in the energy market, CDS leverages its unique intellectual property to provide cutting-edge drilling solutions. Their business model revolves around offering specialized hardware and training operators to use their technology effectively. In some cases, CDS arranges for trained operators to manage the drilling process, ensuring optimal performance and results.
CDS generates revenue by selling their proprietary drilling equipment and offering training and operational services. Their technology enables the drilling of long horizontal wells and short-radius multilaterals, which can enhance geothermal reservoir productivity by a factor of 2 to 6. This significant improvement in efficiency translates to cost savings and increased output for their clients.
In summary, Canopus Drilling Solutions is at the forefront of drilling technology, providing innovative solutions that enhance the productivity of geothermal and oil & gas wells. Their unique abrasive jet drilling technology and comprehensive service offerings make them a valuable partner for energy companies looking to optimize their drilling operations.
Keywords: Abrasive Jet Drilling, Geothermal Wells, Oil & Gas, Multilateral Drilling, Reservoir Productivity, Drilling Technology, Well Revitalization, Energy Market, Proprietary Hardware, Operator Training.