Stockholm Precision Tools AB (SPT)

Stockholm Precision Tools AB (SPT) is a renowned company with over 30 years of experience in producing True North Seeking Gyro Systems. Their products are widely used in the global oil and gas, mining, and civil engineering sectors, operating effectively in challenging downhole conditions. SPT's Gyro tools are recognized for their precision on measurements and their ability to perform optimally even in the presence of heavy downhole magnetic interference.

Their advanced technology provides various benefits, including reduced costs, increased safety, enhanced Rate of Penetration (ROP), reduced survey times, and absolute confidence in the accuracy of wellbore survey measurements. The company's North Seeking Gyro System is specifically designed to function at full capacity even in the harshest high-temperature wells, ensuring precise well placement under challenging circumstances.

In today's competitive market, accurate wellbore placement is crucial, as any deviation can result in costly downtime, well damage, and loss of revenue. SPT's expertise in crafting directional survey tools plays a vital role in ensuring environmental and operational safety, as well as maximizing financial returns for asset owners.

Founded in 1996 and headquartered in Sweden, SPT's unparalleled expertise and dedication to high precision downhole navigation make them a promising candidate for potential venture capital investments. Their proven track record and innovative solutions cater to the growing needs of the energy and resource sectors, making them a compelling investment opportunity for those seeking to support cutting-edge technology in the field of downhole navigation.