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Grant Award View - GA205062-V1
A New Technology for Enhanced Reservoir& Production Management
GA ID:
GA205062-V1
Agency:
Department of Industry, Science and Resources
Approval Date:
30-Aug-2021
Variation Publish Date:
15-Jul-2022
Variation Date:
14-Jul-2022
Category:
Business Development
Grant Term:
6-Dec-2021 to 28-Jun-2027
Value (AUD):
$275,000.00
(GST inclusive where applicable)
Varies:
GA205062
- A New Technology for Enhanced Reservoir& Production Management
One-off/Ad hoc:
No
Aggregate Grant Award:
No
PBS Program Name:
DISR 21/22 Growing innovative & competitive bus, industries & regions
Grant Program:
Entrepreneurs' Programme - Accelerating Commercialisation
Grant Activity:
A New Technology for Enhanced Reservoir& Production Management
Purpose:
Fossilytics Engineered Solutions is developing an innovative and integrated cloud based reservoir and production engineering software platform for the energy sector. The software offers a new digital way to overcome traditional subsurface software and workflow challenges through machine learning and predictive analytics delivering solutions in real time. Accelerating Commercialisation support will be used to improve and commercialise the technology in Australia and other suitable markets to maximise production and optimise operating expenditure across oil/gas and mining.
GO ID:
GO Title:
Entrepreneurs' Programme - Accelerating Commercialisation
Internal Reference ID:
ACGRANT001121
Selection Process:
Open Non-competitive
Confidentiality - Contract:
No
Confidentiality - Outputs:
No
Grant Recipient Details
Recipient Name:
FOSSILYTICS ENGINEERED SOLUTIONS PTY LTD
Recipient ABN:
24 642 813 465
Grant Recipient Location
Suburb:
BRISBANE
Town/City:
BRISBANE
Postcode:
4000
State/Territory:
QLD
Country:
AUSTRALIA
Grant Delivery Location
State/Territory:
QLD
Postcode:
4000
Country:
AUSTRALIA