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Airborne Oil & Gas Welcomes Shell Technology Ventures as Shareholder

02 December 2014

Airborne Oil & Gas has added Shell Technology Ventures BV as investor and shareholder.

“Shell Technology Ventures is a most welcome addition to our shareholder base, at this phase of our development” says Eric van der Meer, CEO of Airborne Oil & Gas. “Shell has a reputation for technology innovation and early adoption. We are proud to be associated with Shell, and expect to learn a lot from the cooperation.”

He continues, “Airborne Oil & Gas is qualified to supply hydrocarbon containing offshore Flowlines to Shell worldwide. Shell can accelerate the implementation of our products across its large footprint in the industry.”

“Shell is very excited about Airborne Oil & Gas – a very innovative company that we have known for some time now,” Geert van de Wouw, Managing Director of Shell Technology Ventures responds. “Airborne Oil & Gas possesses a unique technology, with potentially game changing impact on the offshore industry. The ultra-lightweight, corrosion free pipe systems can significantly lower the costs of a number of applications and enable new applications. Airborne Oil & Gas is built on fundamental knowledge of all aspects of composites, and their management has a great reputation in the oil & gas industry.”