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Ziebel has Raised Capital for Further Growth
Stavanger-based reservoir competence and wellbore technology company, Ziebel AS, announced today that they have successfully raised approx 120 MNOK (USD 23M) of fresh capital.
The Capital placing has been secured through a group of “blue chip” institutional investors plus through the continued support from the existing owner consortium led by Energy Ventures.

This funding enables Ziebel to continue its strategy of developing the company towards delivering optimized reservoir solutions to the oil and gas companies and to pursue the vision of Ziebel to become the most efficient and innovative well technology company in the world.

“This is a significant day for Ziebel, confirming our vision and allowing an accelerated commercialization of our game changing technologies as well as allowing further growth to improve the recovery rates of the O&G fields in the world, in a time where demand outweighs the supply”, said David Ottesen, CEO of Ziebel Group.

Ziebel’s 2007 revenues was approx 200 MNOK (USD 39M) and the company is planning for a significant growth in 2008 and the years to come. During 2008 Ziebel will come to the market with further new and game changing technologies as well as continuing evaluations of possible acquisitions in line with the company’s strategy.

For further information please contact:
David Ottesen, CEO
+47 95495040

Chairman Einar Gamman
+47 91637105


ICoTA Europe Innovation Award 2015
Z-Line® nominated for ICoTA's 2015 European Innovation Award
Oilfield Service Award: New Venture of the Year


• Z-system launched in 2011/2012, qualified and used extensively by oil majors in the North Sea

• Widely recognized value add of real time well and recervoir data gathering by optical fibers

• Strong revenue growth in 2013
World Oil 2012 
Best Intervention Award
ONS 2012 SME Innovation Award
ziebel-icota-2010SPE / ICoTA Coiled Tubing and Well Intervention Conference & Exhibition in 
Woodlands Texas 
24. March 2010.
© Copyright 2014 Ziebel AS