Cold Bore Technology has secured $14 million in growth financing led by bp ventures, aimed at advancing its frac completions automation technology.

Target Information

Cold Bore Technology Inc. (referred to as 'Cold Bore' or 'the Company') is a prominent player in the frac completions automation and technology sector. Headquartered in Canada, Cold Bore specializes in innovative solutions that enhance the efficiency and effectiveness of hydraulic fracturing operations. The Company's cutting-edge platform technology streamlines processes, allowing for improved data management and operational capabilities in the energy industry.

With a commitment to driving advancements in energy services, Cold Bore focuses on providing its clients with tools that facilitate better decision-making through real-time data analysis and automation. The Company’s reputation as a leader in automation technology positions it strategically for future growth and expansion within the oil and gas sector.

Industry Overview in Canada

Canada's oil and gas industry plays a crucial role in its economy, contributing significantly to national GDP and employment. The sector has witnessed a transformation with the introduction of new technologi