Vortex Oil Engineering
Financials
Estimates*
EUR | 2017 | 2018 | 2019 |
---|---|---|---|
Revenues | <1m | <1m | - |
% growth | - | (22 %) | - |
EBITDA | (<1m) | (<1m) | (<1m) |
% EBITDA margin | (554 %) | (438 %) | - |
Profit | (<1m) | (<1m) | (<1m) |
% profit margin | (558 %) | (492 %) | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€50.0k | Seed | ||
N/A | Seed | ||
€30.0k | Seed | ||
€500k | Early VC | ||
€700k | Seed | ||
Total Funding | €1.3m |
Recent News about Vortex Oil Engineering
EditVortex Oil specializes in the extraction of crude oil from reservoirs using advanced water flood techniques that are efficient, cost-effective, and environmentally friendly. The company designs, engineers, and produces cutting-edge Vortex equipment that enhances oil recovery by breaking down residuals into smaller particles, thus eliminating the need for additional components that can disrupt the production process. This technology allows for prolonged water usage, making it effective for multiple pumping cycles, thereby increasing the efficiency of oil extraction. Vortex Oil primarily serves clients in the oil and gas industry, focusing on mature oil fields where traditional methods may no longer be viable. The company operates in the global energy market and follows a business model that combines equipment sales with ongoing service and support. Revenue is generated through the sale of Vortex devices and related services, which help clients maximize their oil recovery while minimizing operational costs and environmental impact.
Keywords: crude oil extraction, water flood methods, Vortex equipment, oil recovery, mature oil fields, energy efficiency, cost-effective, environmentally friendly, oil and gas industry, production optimization.