Two additional ONS Innovation Awards finalists announced

Source: press release, 7 August 2018

The ONS Innovation Awards reflect a long-standing commitment to presenting and promoting innovative ideas to the international oil, gas and energy industry (photo: ONS)
The ONS Innovation Awards reflect a long-standing commitment to presenting and promoting innovative ideas to the international oil, gas and energy industry (photo: ONS)

Interwell and Solution Seeker have been appointed finalists for the ONS 2018 Innovation Awards.

Interwell has developed “Thermite P&A Barrier” an innovative and rig-less approach to well abandonment.

The innovation is a true rig-less approach to well abandonment, resulting in no need to remove tubing prior to P&A operations, and no need for drill pipe while placing barriers: A heat-generating mixture is conveyed in a steel cylinder on wireline to the relevant depth and then remotely activated by e-line. Once ignited, the heat-generating mixture will react and start an exothermic reaction that in a very short period of time will combust and then melt all the surrounding materials in the well.

Solution Seeker – an NTNU technology spin-off company – has been nominated in the “small and medium enterprises” (SME) category for “ProductionCompass AI”, the world’s first artificial intelligence for upstream oil and gas production optimisation.

Leveraging big data and machine learning techniques, ProductionCompass provides production engineers with recommendations on how to best operate an asset to maximise production. Bringing together the latest advances in machine learning with tailored methods that have been researched and developed since 2007 in the Center for Integrated Operations at NTNU, and further in Solution Seeker, ProductionCompass solves the daily production optimisation problem in a truly novel way.

The ONS organisers plan to announce additional finalists soon.

ONS 2018