Oliden

About Oliden

Established in 2011, Oliden Technology operates within the oil and gas equipment sector, focusing on the research, design, and development of Measurement While Drilling (MWD) and Logging While Drilling (LWD) technologies. The company was co-founded by Dr. Qiming Li, who serves as Chairman and CEO, and Jian Yang, the Chief Technical Officer. Dr. Li's background includes a 15-year career at Schlumberger, where he was instrumental in developing and commercializing LWD tools and real-time wellbore imaging products. Similarly, Jian Yang brings over twenty years of experience in well logging technology, having also worked at Schlumberger where he led the development of ultra-deep measurement technology.

Oliden Technology's business model centers on manufacturing and maintaining modular MWD and LWD tools for oil and gas companies and service providers globally. This approach aims to grant clients technological independence, allowing them to find and produce hydrocarbons more efficiently and safely, particularly in challenging environments. The company generates revenue by providing these advanced equipment and supplementary services such as training and data interpretation to its clients. With its headquarters in Stafford, Texas, Oliden has raised a total of $14.5 million over two funding rounds, including a $10 million Series B round in April 2019.

The firm's product portfolio is designed to enhance reservoir evaluation, well placement, and drilling efficiency. Key offerings include the GeoFusion, LithoFusion, and TerraFusion tools, which have received multiple Spotlight on New Technology awards from the Offshore Technology Conference (OTC). The GeoFusion tool provides laterolog resistivity and imaging for geosteering and formation evaluation in conductive muds. Oliden’s imaging technologies deliver high-resolution resistivity, density, and ultrasonic images to clarify downhole geology and identify structures like fractures and faults. Furthermore, their Telemetry Technologies enable high-speed data transmission from downhole tools to the surface, facilitating real-time decision-making during drilling operations.