Perfobore

Active

Hyper-short-radius mechanical drilling of multiple small lateral channels from existing wells to stimulate mature oil and gas reservoirs.

Abu Dhabi, UAE

CleanTech

Series B

Website LinkedIn Crunchbase

Perfobore provides hyper-short-radius mechanical drilling for mature oil and gas wells: compact PDC bits and double-bend mud motors cut up to four 2-3/4-inch lateral channels of up to 25 m from an existing wellbore, marketed as a fracturing alternative that lifts production 40–100%. Operating in the UAE, USA and Kazakhstan for clients including ADNOC, it is registered in ADGM as PGI Technologies Ltd and based at Hub71, Abu Dhabi.

Founders

Ilya Galas

Chief Executive Officer

Lee Dolman

Chief Technical Officer

Gennady Shafir

Chief Financial Officer

Ilya Lyagov

Head of Research and Development

Funding Rounds

Series B

Hub71's directory lists the stage as Series B. East-West Digital News (27 July 2021) reported a $9.3M Series B from Runtech Ventures (venture arm of Russian asset manager RosRegion Razvitie) and angels including ex-Schlumberger VP Vladimir Kuksov while the company was Moscow-based; no company or tier-1 confirmation was found, so amount, date and investors are left null. Confidence: confirmed (round 13, Perfobore).

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