Eni aims to launch five new start-ups by next two years. Credit: Tobias Lindner from Pixabay.

Italian firm Eni and its partners have formed a new venture, Enivibes, to focus on increasing the market value of vibroacoustic pipeline monitoring system.

The technology, Eni Vibroacoustic Pipeline Monitoring System (E-VPMS), has been designed to support real-time analysis and monitoring activities on new or existing pipelines used for water and hydrocarbon transportation.

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Using an innovative vibroacoustic wave system, E-VPMS can detect external interference, such as break-in attempts or accidental pipeline impacts, and flow variations, in order to maximise efficiency.

Currently installed on several fluid transport lines in Italy and overseas, the E-VPMS technology also allows targeted preventive maintenance to ensure reliable operations.

By 2025, Eni aims to launch five new startups by leveraging its portfolio of technologies, internal skills, assets, and innovation.

In a press statement, the company said: “Enivibes represents an important step forward in achieving the ambitious goal of launching five new start-ups by 2025, by leveraging the portfolio of technologies, internal skills and assets of Eni and its innovation ecosystem.”

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Eni said that Enivibes marks the first venture as part of the activities of Eniverse, the Italian firm’s Corporate Venture Builder.

Eni owns a 76% stake in Enivibes while Aresys and Solgeo hold 16% and 8% interest, respectively.

Recently, Eni announced new discovery on the Yatzil prospect offshore Mexico. As per the preliminary estimates, the new discovery holds nearly 200 million barrels of oil (MBoe) in place.