Crusoe this week announced the OIA and Mubadala were each part of a $350 million funding round that closed in April.
As part of the expansion, the Denver-based miner will initially open an office in Oman’s capital city of Muscat and in Abu Dhabi shortly thereafter.
In the flaring process, excess natural gas is burned off into the atmosphere as part of oil drilling operations.
Oman accounted for about 1.8% or 2,517 million cubic meters of that emission, while the United Arab Emirates accounted for approximately 0.7% or 955 million cubic meters.
“We’re excited to expand our Digital Flare Mitigation technology to the Middle East to help solve the region’s long-standing flaring challenges, while also empowering a new generation of digital technology in the region,” Lochmiller said.
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