Industrial facility
Market Opportunity & Technology

A NOK 2 billion obtainable market in heavy industry

Vandalai's patented technology addresses four critical industrial segments — from offshore production platforms to chemical processing facilities — backed by proven TRL 7 readiness and a Joint Industry Project with leading operators.

Explore Market ↓Deep Dive: Technology
Addressable Market

Four high-value segments representing NOK 2+ billion in annual opportunity

Vandalai targets all ATEX-certified environments where lubrication oil systems operate — from high-end offshore production to onshore chemical processing. Each segment represents operators facing the same critical challenge: water contamination destroying their machinery.

Revenue Opportunity by Segment (NOK millions)
1200100075050025001,185m664m193m104mO&G PRODUCTIONDRILLINGCHEMICALOTHERMulti-unitSingle-unitAnnual recurring
Four Core Segments

O&G Production

NOK 1,185m

All high-end ATEX-certified systems for offshore oil & gas production platforms — the largest and most mission-critical segment.

ATEX High-EndOffshoreFPSOs

Drilling

NOK 664m

High-end ATEX environments for offshore and deep-water drilling operations — where equipment reliability is non-negotiable.

ATEX High-EndDeep-WaterSemi-Subs

Chemical Processing

NOK 193m

Low-end ATEX for the chemical and petrochemical process industry — high throughput environments where contamination drives costly shutdowns.

ATEX Low-EndProcess Industry

Other Industries

NOK 104m

Ammonia production, onshore O&G, gas transport, and industrial storage — both high-end and low-end ATEX environments.

AmmoniaStorageGas Transport
NOK 2.15 Billion

Total obtainable market across heavy industries in the Norwegian Continental Shelf and Northern Europe — with significant expansion potential into global offshore and industrial markets.

55%
O&G Production
31%
Drilling
14%
Chemical & Other
Technology Deep Dive

Proven at TRL 7 — full-scale test-rig validated

Our system removes water from oil using Vandalai's patented geometry technology. The concept is proven in a full-scale test-rig and ready for commercial deployment.

How It Works — Three-Stage Process
01

Oil Beam Compression

The system compresses the incoming oil beam, preparing the fluid for the separation stage. This initial compression activates the patented geometry within the unit.

02

Geometric Separation

Oil and water separate through Vandalai's specially designed geometry technology — a passive physical process with no filters, no chemicals, and no moving parts. The patented geometry exploits the natural properties of oil-water mixtures.

03

Clean Oil Return

Water evaporates from the system. The cleaned, decontaminated oil is returned directly to the operating system or tank — ready for continued service with dramatically extended lifespan.

Off-Line System Installation
CLIENTSYSTEM TANKWATER REMOVERH2O OUTCONTROLCABINETCONTAMINATEDCLEAN OILSCALABLE DESIGN
Off-line system installation connects to the client's existing tank or operating system. The compact, modular design allows unlimited capacity by installing units in parallel.
System Specifications
Form Factor
Compact
Small footprint suitable for space-constrained offshore environments
Scalability
Parallel
Install multiple units in parallel for unlimited capacity scaling
Monitoring
Real-Time
Continuous monitoring of temperature, humidity, vibration & wear
Capacity
Unlimited
Modular architecture with no theoretical throughput ceiling
Total Cost of Ownership

10-year cost comparison: Vandalai vs. traditional

Traditional maintenance methods — filters, vacuum dehydration, chemical treatment — accumulate massive costs over time. Vandalai's passive system delivers compounding savings year after year.

Cumulative Cost Over 10 Years (NOK millions)
Traditional
Vandalai
25M 20M 15M 10M 5M Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Savings
56%
Lower 10-Year TCO
NOK 11.2M
Avg. Savings per Platform
14 months
Average Payback Period
Technology Readiness

From patent to commercial deployment

A clear trajectory from initial invention through full-scale validation to market launch — currently at TRL 7 with commercial units planned for 2027.

2020
Patent Filed — Core geometry concept
2021
TRL 3 — Lab proof of concept validated
2022
TRL 5 — Component testing in relevant conditions
2023
Equinor & Yara pilot engagements begin
2025
TRL 7 — Full-scale test-rig validated
2026
JIP Launch — Multi-operator field trials
2027
Commercial deployment & first revenue
TRL 7
Current Readiness
3+
Industry Partners
ATEX
Certification Path
2027
First Revenue Target
Growth Projections

Revenue projections: three scenarios

Based on market penetration rates across our four target segments, projected over a 5-year horizon from commercial launch.

Projected Annual Revenue (NOK millions)
Bull Case
Base Case
Conservative
500M 400M 300M 200M 100M 0 2027 2028 2029 2030 2031 497M 347M 182M
Bull CaseNOK 497M

12% market penetration by 2031. Assumes rapid JIP conversion, strong offshore recovery, and expansion into 2+ international markets.

Base CaseNOK 347M

8% market penetration by 2031. Assumes successful JIP outcomes, NCS-focused growth, and steady adoption across target segments.

ConservativeNOK 182M

4% market penetration by 2031. Assumes slower adoption, NCS-only focus, and limited segment expansion beyond O&G production.

Joint Industry Project

Launching a JIP with leading offshore operators

Vandalai is launching a Joint Industry Project to test and validate our Industry 4.0 software platform with leading offshore players. This JIP marks a major step toward autonomous, data-driven oil intelligence — setting a new standard for efficiency, sustainability, and profitability in the offshore sector.

"Accelerating the next wave of industrial intelligence."

Fast-Track to Market

JIPs accelerate commercialization by providing direct validation pathways with major operators — compressing years of market entry into months.

🔬

Real-World Validation

Leading offshore operators will test and validate Vandalai's technology in live operational environments — the gold standard for industrial proof.

🤝

Shared Development

Cost and risk are shared across JIP participants, enabling faster iteration and reducing the capital burden of bringing technology to market.

🏭

Direct Customer Access

JIP participants become early adopters and reference customers — creating a powerful go-to-market advantage and pipeline for commercial rollout.

📊

Investor Confidence

Proven traction with recognized industry names provides clear evidence of product-market fit and a clear path to revenue.

🌍

Standard-Setting

Participation in a JIP positions Vandalai's approach as the emerging standard for oil intelligence — creating lasting competitive advantage.

JIP Participant Profile

Our JIP brings together a consortium of leading offshore oil & gas operators, energy majors, and independent E&P companies — representing significant production volumes across the Norwegian Continental Shelf, Brazil, Southeast Asia, and Australia.

The project is further supported by Norway's leading research and innovation bodies, providing world-class R&D infrastructure and public-sector validation of Vandalai's technology.

Backed by Norway's Innovation Ecosystem

Vandalai's JIP and technology development is supported by Norway's premier research and innovation bodies — the same institutions that have backed some of Norway's most successful industrial technology companies.

Research Council of NorwayInnovasjon NorgeSINTEFSkatteFUNN

Ready to join the next wave of industrial intelligence?

Whether you're an operator, investor, or technology partner — the Vandalai JIP represents a unique opportunity to shape the future of oil system management.

Discuss the JIP →Investor Information