Perfobore technologies that increase the efficiency of oil recovery. This company is one of the pitchers at the HUB71 Innovation Center in March 2023.

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Perfobore

Perfobore is a symbiosis of two technology areas aimed at a comprehensive result – increased production.The company’s technology allows customers to accelerate completion and well stimulation, reduce costs and increase production. In addition, the company provides access to remote sections of the bottomhole zone. Perfobore is capable of working in difficult reservoir conditions, with close water- and gas-bearing formations and a high degree of reservoir heterogeneity.The startup was also presented at HUB71 in the UAE.

Perfobur’s unique controlled mechanical drilling technology allows drilling a network of radial channels up to 14 meters long and with diameters ranging from 58 to 68 mm, with up to 4 channels of different trajectories on a single tier.

The technology has a number of indisputable advantages:

  • predictable trajectory of mechanical drilling channels (confirmed by conducting inclinometry);
  • possibility of multiple entry into the drilled channels;
  • possibility of carrying out ROP and other chemical PPE in the drilled canals through “Perfobur” hydromonitoring nozzle;
  • possibility of casing the drilled channels with filters (for terrigenous reservoir);
  • consists exclusively of components of domestic production;
  • competitive cost.

In four rounds of financing, Perfobore has raised a total of $10.8 million. The most recent financing was raised on July 22, 2021 in a Series B round. Perfobore is funded by four investors: Phystech Ventures, Runtech Ventures, Vladimir Kuksov and JOINT JOURNEY. Perfobore acquired Terratec in September 2020.Ilya Galas is CEO and co-founder Perfobore.

HUB71

innovation center hub71

HUB71 is a global technology ecosystem designed to help startups in the UAE succeed. Based in Abu Dhabi, the initiative provides a range of services to help entrepreneurs launch and expand their businesses, including access to global markets, capital ecosystems, a global network of partners, and an active community of highly skilled professionals.

An innovation center is a physical space, typically located within a business or organization, that is dedicated to fostering creativity and innovation. It is designed to provide an environment that encourages collaboration, experimentation, and the development of new ideas. Innovation centers often feature open workspaces, meeting rooms, and other amenities that are conducive to creative thinking. They may also host events such as hackathons and workshops to further promote innovations.

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