bp ventures makes £3 MM equity investment in Flylogix

bp ventures has made a £3 MM 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, totaling £6 MM. 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.  

David Hayes, managing partner of bp ventures said, “We are investing in companies that can help us with our net zero ambition and aims. And Flylogix has been instrumental in how we undertake measurements of methane emissions in the North Sea. Accurate emissions measurements are the basis upon which mitigation plans are based – we look forward to continuing our partnership with Flylogix as it expands into new regions.”  

During the flight, the aircraft manages itself autonomously with pilot oversight from shore. It can fly as close as 250m away from installations. Flylogix then live streams data collected by a SeekOps sensor on its wingtip to the onshore support crew – the sensor technology was originally designed by NASA for the Mars Curiosity Rover. 

This technique provides bp and other operators with accurate and quantifiable emission data, which can improve how that data is assessed and collated. 

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