Oil & Gas and Energy Industries are a paradox. They are as crucial for humanity as they are slow to innovate. Slow rate of growth, major capex investment needs, environmental concerns have locked oil & gas companies to a revenue multiple of 0.6x.
Meanwhile, high-tech companies in AI, SaaS, Robotics, Advanced Drones can fetch 10-40x revenue multiples.
We at Enhance want to help transform the Oil & Gas sector one venture at a time injecting technologies and innovation more rapidly than can be done by the companies and their traditional service providers themselves.
We have partnered with 2 major Oil & Gas companies in our region and started building ventures.
Infrascan is an "Inspection-as-a-Service" venture from our first vintage of Enhance Energy in partnership with major industry players.
Infrascan uses over 60 patents in its advanced drone and robotics technology stack to enable precise measurement of pipe corrosion in difficult to reach critical infrastructure.
With a massive $30B market around the world and with first customers already locked in, Infrascan promises a successful innovation outcome from Enhance Energy and its partnerships.