C12 Energy develops geologic assets for geologic carbon dioxide storage and enhanced oil recovery.
C12 Energy aspires to be one of the most scientifically sophisticated independent oil and gas companies. To do that, we have recruited gifted individuals with a wide variety of technical expertise, and we continue to search for the best minds from within as well as outside the oil and gas industry. Our primary business involves rehabilitating mature fields through gas injection. These projects often require capital in excess of ten times the cost of the oil field itself, and they further require world-class technical sophistication to execute. Carbon dioxide (CO2) is the most important injectant we work with because of its physical potency and its abundance. Furthermore, CO2 emissions are being regulated ever more tightly, driving needs for commercial management. Our EOR projects result in the long-term storage of industrial CO2 as well as meaningful oil production. Although our flagship projects involve gas injection, we are pursuing a wide variety of other oil and gas opportunities that require a high degree of scientific and technical expertise. As global energy needs evolve, we plan to be ready to take on the world’s most technically challenging oil, gas, and CO2 projects.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Sep 1, 2008 | Series Unknown | $4.50M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Sequoia Capital | — | Series Unknown |