Red Spider Technology
- Red Spider Technology
Red Spider Technology was formed in August 2003 and are specialists in patented remote open close technology that improves operational efficiency and HSE with rig time savings for well completion and intervention applications. The company supplies the global oil and gas industry with a range of downhole products and services. With the Company’s purpose built UK headquarters, and locations in Stavanger, Dubai and Houston, they supply tools that add value by reducing client operating time, production costs and environmental risks.
Energy Ventures (EV), an independent venture capital firm dedicated to new upstream oil and gas technologies, is a major shareholder. From the initial investment to the exit, EV takes a hands-on approach.
By truly partnering with portfolio companies, EV ensure the most effective use of capital and talent.
Red Spider Technology has more than 70 employees around the world and the Norwegian subsidiary of Red Spider Technology is located in Stavanger and have 5 employees at the moment.