APO Offshore Named One of ‘Most Promising’ by Rice Alliance

October 14, 2009 at 2:05 am Leave a comment

Houston-based APO Offshore was named one of the most promising Energy & Clean Technology companies at the 7th Annual Rice Alliance for Technology & Entrepreneurship Energy & Clean Technology Venture Forum in Houston. APO Offshore is developing the I-Platform™ solution to inform engineers of under-performing or critical conditions with surface equipment on offshore platforms before it begins to degrade production and the revenue stream.

            “The I-Platform solution’s unique ability to correlate and analyze the relationships between all of the surface equipment assets by monitoring, predicting and providing critical data in an informative format allows for quick decision making. The I-Platform solution will help lower operating costs and reduce downtime,” said Carol Piovesan, CEO and Founder of APO Offshore.

            The I-Platform’s breakthrough technology delivers the information needed by means of a global network, enabling local, remote and external participants to access a “pool of global machinery expertise” to collaborate and optimize facility efficiency and energy consumption based on common views of equipment performance data streams, alarms and notifications.

            “Oilfield operations need to move beyond the familiar data management mantra of the ‘right data to the right person at the right time’ and adopt the 21st century goal of ‘validated data, to the decision maker, before the critical event’,” said Jess Kozman, Chief Technology Officer.

            The one-day forum culminated in an announcement of the Most Promising Energy & Clean Technology Companies chosen from nearly 60 competitors and judged by the Rice Alliance Energy Advisory Board, based on the companies’ elevator pitch presentations. The exercise simulates meeting an investor on an elevator and having only 90 seconds to

convince them to invest in your company.

            In addition, APO Offshore was one of five new energy companies pre-selected to present their 10 minute business plan at the forum, and as one of the chosen five, was also named a “Most Promising Energy & Clean Technology Company.”

            Rice Alliance Director Brad Burke, who announced the winners, said: “Every year the quality of companies improves. Many of the companies at this year’s event have developed prototypes, obtained proven results and are on their second round of funding. This makes them more appealing to investors, who have also expressed appreciation for the quality of the companies.”



Entry filed under: Business Intelligence, Facilities Design Solutions, Production & Reservoir Engineering. Tags: , , , .

Tierra, StatoilHydro Jointly Develop Seismic Imaging Software Baker Hughes Launches Artificial Lift Monitoring Service

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

October 2009
« Sep   Nov »

Recent Posts

Blog Stats

  • 54,906 hits

PetroComputing Tweets on Twitter

%d bloggers like this: