Glex

Glex AS, founded in 2018 and headquartered in Laksevåg, Norway, operates as a software and data services company targeting the industrial energy sector. The company's inception stemmed from a practical need within a small oil and gas company to create a visual database for exploration prospects, which led to the application of gaming technology to build a flexible platform. This foundation underpins Glex's current strategy, which combines expertise from the gaming, geoscience, and geospatial technology fields.

The business provides a Software-as-a-Service (SaaS) platform, Glex Energy®, designed for professionals managing portfolios in hydrocarbons, seabed minerals, offshore wind, and carbon capture and storage (CCS). Glex's business model is based on subscriptions to its platform, which integrates proprietary client data with a vast collection of sanitized public and third-party data. The company generates revenue by providing these integrated data and collaboration tools to energy companies, with clients including notable industry players like Petrolia NOCO AS, AS Norske Shell, OKEA, and TotalEnergies. The platform addresses the demand for shared, up-to-date data sources within organizations to support workflows in exploration, M&A, and asset management.

The Glex Energy® platform, in development since 2017, offers a map-based, data-driven environment where cross-functional teams can analyze and manage their asset portfolios. Key features include automated and manual asset portfolio building, in-depth well data screening, and advanced visualization tools. The system ingests multiple data formats like shapefiles, JSON, and CSV, and links unstructured data such as documents and 3D models to their corresponding assets. It establishes automated data pipelines with public repositories and third-party providers, aiming to reduce costs and effort by creating a 'once for all' data system. In February 2024, Andrew McCann, with over 25 years of experience in the energy sector, including leadership roles at Equinor and OKEA, was appointed CEO. He succeeded founder Jørgen Engen Napstad, who transitioned to the role of CTO to focus on technology and product development.

Keywords: energy portfolio management, SaaS, geospatial data analysis, carbon capture storage software, offshore wind data, hydrocarbon exploration tools, seabed minerals data, energy data integration, subsurface data visualization, digital twin energy assets, exploration workflow, asset management software, Glex Energy, Andrew McCann, Jørgen Engen Napstad, energy tech, portfolio collaboration platform, upstream E&P software, renewable energy data, CCS data management