Participated · Equity · Sep 2020

Earth Science Analytics is a Stavanger, Norway-based provider of a petroleum geoscience software platform that combines artificial intelligence with physics- and data-driven approaches. Its flagship product, EarthNET, is a cloud-native application that predicts rock and fluid properties in the subsurface. The platform is designed to improve profitability and success rates for oil and gas exploration, development, and production. The company raised $8.54M in funding. Backers included Equinor Ventures, Wintershall Dea Technology Ventures, Sumitomo Corporation and returning investor Saudi Aramco Energy Ventures. Proceeds will be used to further develop its cloud-based geoscience software and expand the company's global presence. Earth Science Analytics is a Stavanger, Norway-based artificial intelligence petroleum geoscience software provider. Led by CEO Eirik Larsen, the company offers cloud-based petroleum geoscience software, database solutions and AI-driven workflows that enable accurate prediction of rock and fluid properties in the subsurface. Its tools aim to improve the profitability of oil and gas exploration and production by improving subsurface predictions. The company raised a Series A from Saudi Aramco Energy Ventures; the amount was not disclosed. Earth Science Analytics intends to use the funds to speed up product development and sales. Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco.