Rocsole Ltd, a Kuopio, Finland-based company which specializes in real-time tomography, completed an additional funding round of undisclosed amount.
The round, which followed the investment led by Spanish oil company Repsol in early 2016, was led by Shell Technology Ventures (STV).
Led by Chairman Anssi Lehikoinen, Rocsole provides electrical and ultrasound tomographic industrial process monitoring systems. Its current products include a pipe sensor for both topside and subsea pipes, providing real-time information on the flow and, in particular, deposition buildup in a pipe through probe sensor technology which can be used in separators when extracting oil and water.
The company intends to use the funds to expand its product portfolio with a smart deposition pig sensor that enables efficient deposition monitoring of a customer’s entire pipe network from the inside. Once the deposition has been located, a measuring device for monitoring and identifying deposits from the current product family may be permanently installed in the areas discovered during the inspection.
With detailed information on pipe deposits, operators can prevent pipes clogging that can lead to lost production costing money in down time and from the use of chemicals to clean the blocked pipe.
Rocsole also has a sales and service office in Houston, Texas.