Schlumberger in ocean robotics JV

Robots: Schlumberger and Liquid Robotics form JV

Liquid Robotics

By Staff & news wires

 22 June 2012 22:28 GMT

Liquid Robotics, a maker of automated technology for measuring ocean data, has formed a 50-50 joint venture with Schlumberger to deploy more of the start-up's seafaring robots for the oil and gas industry.

The Wave Gliders, as they are known, operate in remote parts of the ocean and can measure things such as fish populations and oil spills. A few were even sent to the Japanese coast last year to measure radiation after the nuclear disaster there, Reuters reported.

The formation of the Houston-based joint venture comes only a year after Liquid Robotics received a $20 million investment from VantagePoint Capital Partners along with $2 million in funding from services giant Schlumberger.

Ashok Belani, Schlumberger's chief technology officer, saw Wave Gliders as especially useful in offshore…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index