Point Pressure

Point Pressure offers advanced sensor technology for real-time well pressure monitoring in the oil and gas drilling industry. Their primary product is a drill pipe-conveyed sensor that measures pressure and temperature directly at the bit, transmitting this crucial data to the surface instantly. This allows operators to gain a clear and immediate understanding of downhole conditions, which is critical for managing the equivalent circulating density (ECD) and preventing costly drilling problems like kicks, losses, and stuck pipe. By providing high-resolution, real-time data, the technology enables operators to make informed decisions to optimize drilling performance, enhance safety, and reduce non-productive time.

Founded in 2017 by CEO Asbjørn H. Abrahamsen, Point Pressure aims to address the long-standing challenge of obtaining accurate downhole pressure data during drilling operations. Asbjørn Abrahamsen's background includes a Ph.D. in Cybernetics from the Norwegian University of Science and Technology (NTNU) and experience as a researcher at SINTEF, one of Europe's largest independent research organizations. This expertise in cybernetics and control engineering underpins the company's approach to developing sophisticated sensor and data transmission systems for harsh downhole environments. The company serves drilling contractors and oil and gas operators who are looking to improve the efficiency and safety of their drilling campaigns, particularly in complex wells where precise pressure management is paramount.

The business model revolves around providing this measurement-while-drilling (MWD) service and technology to clients in the energy sector. The core benefit is the ability to 'see' what is happening at the bottom of the wellbore in real time, a significant improvement over traditional methods that rely on modeled or delayed data. This capability helps optimize the drilling fluid program and maintain the wellbore pressure within the safe operating window, ultimately leading to more efficient and safer wells. The company has completed several successful pilot tests and is backed by investors including Tesi (Finnish Industry Investment) and other venture capital firms focused on industrial technology. Keywords: downhole sensors, real-time pressure monitoring, measurement-while-drilling, drilling optimization, ECD management, wellbore stability, oil and gas technology, pressure-at-the-bit, drilling safety, cleantech