Lunar mining company establishes permanent presence in Stavanger to access Norway’s expertise in extremely challenging deep sea drilling, extraction and logistics support operations.

Stavanger, Norway: SEC was created for a single purpose—within a decade provide highly energetic rocket propellants and support services in Low Earth Orbit (LEO) and on the Moon to jumpstart the New Space economy. Rocket propellants will be derived from the mining and processing of lunar ice into liquid oxygen and hydrogen obtained from some of the harshest operating environments known to man. The lunar polar cold traps–the first being Shackleton Crater–will become home to SEC crews and machines performing their industrial wildcat missions 24/7.

Following a series of highly productive engagements with the Stavanger oil community, SEC announced today the opening of its first office outside the United States to pursue joint technology development for its operations in space. The new office will be located at the Innovation Dock in downtown Stavanger.

Stavanger is one of Europe’s energy capitals, the center of Norway’s oil & gas sector and home to hundreds of companies with technology and operations expertise in deep sea drilling in the North Sea and the Arctic.

North sea oil rig side by side with an orbital propellant depot. Image: © Nightman1965 and SEC. 

North sea oil rig side by side with an orbital propellant depot. Image: © Nightman1965 and SEC. 

Commenting on the opening of the Stavanger office, Dale Tietz, SEC CEO said:

Stavanger has something we need: highly qualified, enthusiastic people with operational experience and technology available for use in extreme environments as a means to assist SEC in rapidly planning its industrial space mining efforts.

We found these human resources in our recent discussions with Norwegian oil & gas and financial executives. The discussions proved to be so productive that we decided to open our first office in Stavanger as a means to establish a regional foothold for the future of benefit to all. We are now finalizing several partnership agreements.

Our analysis shows that low cost fuel in space will be an $80 billion market by 2030. By then we will have established 20 points of sale in the cis-lunar space, making our presence ubiquitous for all spacefarers in need of quality support services of all kinds. We will be running continuous human-tended industrial-scale operations in space. No one has ever done anything like this before.

Christian Rangen who will assist SEC's Stavanger office added:

Stavanger is the perfect match for Shackleton. The oil & gas community over here has been seriously thinking about how to apply our technology and skills to space since 2009 when we launched the Space & Energy network as a forum for exploring these ideas. We think of resource extraction in space as “drilling up.” And now that we have a space mining venture in town, we can start turning our ideas into reality.

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 About Innovation Dock

Innovation Dock is an innovation hub for entrepreneurs, innovators and growth companies in Stavanger, Norway. 1300m2 of office, co-working and conference facilities with front row view of the fjords and mountains, located in the most energetic part of Stavanger city center.

http://www.innovationdock.no/

Jim Keravala, Co-founder and COO, Shackleton Energy Company, speaking at Innovation Dock in Stavanger in January 2015. Image: Innovation Dock.

Jim Keravala, Co-founder and COO, Shackleton Energy Company, speaking at Innovation Dock in Stavanger in January 2015. Image: Innovation Dock.

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