Advanced Downhole Petrophysics

Oil, Gas, and Mining • Aberdeen, Scotland, United Kingdom • 1-10 Employees

Company overview

Headquarters	Aberdeen, Scotland, United Kingdom
Phone number	+441224909299
Website	magpiglobal.com
NAICS	211
Keywords	Core Logging, Formation Evaluation, Petroleum Geophysics, Reservoir Logging
Founded	2012
Employees	1-10
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Key Contact at Advanced Downhole Petrophysics

Andrew Tugwell

Managing Director

About Advanced Downhole Petrophysics

Globally the oil and gas industry spends around $15BN each year assessing reservoir rock properties for production decision-making. Approximately 1 in 10 wells assessed is then incorrectly developed (at an exploration cost of $12M per well) and subsequently abandoned. Including rig costs, the estimated annual cost of wells that are abandoned during exploration and development is around $37BN. ADP is delighted to introduce its MagPI™ tools and services; these bring an innovative reservoir evaluation method to market and will significantly improve decision making, thereby reducing the risk, time and cost of developing reservoirs. The new method will reduce the number of incorrect development decisions taken with regard to both viable and unviable reservoirs. The method is protected by patent and has hitherto been used on a limited scale for commercial lab analysis to assess reservoir rock properties (lithology) and in particular rock permeability (the ease with which fluids flow through rock). Permeability is one of the most important parameters controlling reservoir productivity but historically has been one of the most elusive to accurately evaluate.

Advanced Downhole Petrophysics revenue & valuation

Annual revenue	$171,110
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Oil, Gas, and Mining industry and current estimated revenues	$547,552
Total funding	No funding

Employees by Management Level

Total employees: 1-10

Seniority

Employees

C-Suite

Employees by Department

Advanced Downhole Petrophysics has 1 employees across 1 departments.

Departments

Number of employees

Funding Data

Advanced Downhole Petrophysics has never raised funding before.

Frequently asked questions

Advanced Downhole Petrophysics is located in Aberdeen, Scotland, GB.

You can reach Advanced Downhole Petrophysics at +441224909299.

Advanced Downhole Petrophysics was founded in 2012, making it 14 years old. The company has established itself as a significant player in its industry over this time.

Advanced Downhole Petrophysics has approximately 1-10 employees. The company continues to grow its workforce to support its business operations and expansion.

Key Contact at Advanced Downhole Petrophysics

Andrew Tugwell

Managing Director

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