bp ventures invests in Flylogix
bp ventures has made a £3 million equity investment in Flylogix – a pioneering unmanned aerial vehicle (UAV) business that uses drones to aid methane detection The financial injection is part of a funding round led by Amati Global Investors, totalling £6 million. Flylogix combines its UAV with artificial intelligence, satellite communications and methane sensor technology, from partner SeekOps, to monitor and measure methane in some of the most remote and relentless locations in the world.
Flylogix, which holds the UK record for the longest commercial drone flight, has worked with bp since 2018, to monitor assets across the UK North Sea. Its unmanned aircrafts take measurements that verify emissions safely, reliably and consistently, helping to validate the accurate reporting of emissions data.
The investment supports bp‘s Aim 4 of installing methane measurement on all existing major oil and gas processing sites by 2023 and deliver a 50% reduction in methane intensity across its operations.
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