Mirmorax wins major award at Oslo Innovation Week

Mirmorax as, a start-up company currently bringing its innovative, new oil & gas subsea sampling solutions to market, has won the enger innovation award from the Norwegian Polytechnic Society.

The award, which recognizes innovation within the Norwegian business community, was presented to Mirmorax CEO, Eivind Gransaether, at an awards ceremony in Oslo this evening as part of Oslo Innovation Week.

According to the Norwegian Polytechnic Society. Mirmorax was considered to have met the criteria of being a company that works with “promising innovations and research within a technology area and is considered to have a business of financial significance within the Norwegian enterprise and business community.” In winning the award, Mirmorax presented a good description of the innovation behind their solution, strong experience and an extensive network within the oil and gas sector, and a comprehensive plan of execution. The submission also showed detailed knowledge about the target oil & gas market and had global reach and relevance.

Mirmorax CEO, Eivind Gransaether, commented on the award: “We are delighted to be recognized with the Innovation Award this evening in what is a significant milestone for Mirmorax as we seek to provide the oil & gas industry with the very best in subsea sampling systems.” “With our focus on delivering pioneering solutions, our decades of industry experience, and our intimate understanding of operators’ subsea needs, we feel we are ideally placed to bring innovative and industry-changing solutions to market that can enable our clients to generate the best possible returns from their reservoir assets. We look forward to an exciting few months which lie ahead of us.”

Established in 2009, Mirmorax’s goal is to become the industry’s leading provider of subsea sampling systems in the oil and gas industry. Eivind Gransaether, the CEO, was previously Commercial Manager and Subsea Engineering Manager at Roxar (now part of global Fortune 200 company, Emerson) where he was responsible for many of Roxar’s industry leading solutions. Mirmorax Chairman, Gunnar Hviding, was the former CEO of Roxar.

The Mirmorax Subsea Process Sampling System (SPSS) overcomes the limitations of many of today’s subsea sampling technologies by delivering true volumetric sampling on oil, gas and water in the well without interrupting production. The result is the ability to accurately capture fluid properties throughout the lifetime of the field, conduct comprehensive PVT (Pressure, Volume, and Temperature) analysis, calibrate multiphase and wet gas meters to ensure that they operate at their full potential, and deliver increased oil & gas recovery from the reservoir. The Mirmorax sampling technology was also among the selected nominees for the Innovation ONS Innovation Award in Stavanger in August 2010.

The goal of Oslo Innovation Week, now taking place for the fifth time, is to bridge the gap between entrepreneurs and investors, and to promote innovation and growth throughout Norway. The event is organized by Innovation Norway, the state owned company set up to promote nationwide industrial development, Akershus County Council, and the Confederation of Norwegian Enterprise (NHO).