GE-Statoil Initiative Launches Second Open Innovation Challenge Focused on Water Reduction and Reuse
July 07 2015 - 10:00AM
Business Wire
Ambitious joint-industry initiative seeks
innovative ideas to reduce and reuse water in onshore shale
development
GE and Statoil’s Sustainability Collaboration has launched the
call for entries for its second Open Innovation Challenge focusing
on water usage in the development of onshore unconventional oil and
gas reservoirs. Through crowd sourcing, the Challenge seeks to find
innovative solutions for both reducing fresh water usage and
treating and reusing water from development activities—while
maintaining or improving productivity.
“This collaboration with Statoil is centered on both our
companies’ commitment to continued investment in technology and
innovation to help develop low-cost and more efficient energy
solutions. We recognize that great ideas transcend any one company
or geography, which is why we’ve launched this open innovation
challenge,” said Eric Gebhardt, Chief Technology Officer, GE Oil
and Gas. “We invite individual innovators, institutions and
companies—large and small— from around the world to co-develop
potential solutions to make energy production more sustainable by
improving the use of water in unconventional operations.”
Water, a precious natural resource, represents one of the
greatest environmental stewardship challenges facing the oil and
gas industry. Companies involved in onshore unconventional
development and production, in particular, have a strong incentive
to develop technologies and methods that reduce fresh water usage,
as well as treat and recycle water that returns to the surface as
part of their operations.
“Ideas at any scale are welcome,” said Lars Høier, Senior Vice
President, Research, Development & Innovation, Statoil ASA.
“Even incremental strides in improving water management can add up
to significant conservation gains. Wherever possible we try to
reduce freshwater usage; for example we recently successfully
fractured two wells with 100% produced water, saving 3.5 million
gallons of freshwater per well – and we are eager to do more to
help move the industry towards better water conservation.”
The collaboration was launched in January as an ambitious joint
technology-focused program to drive industrial solutions to some of
the biggest challenges facing global oil and gas production. The
initiative seeks to reduce the environmental impact of oil and gas
development and production by accelerating the development of
environmentally and economically sustainable energy solutions.
In this second challenge, up to five winning entries will win a
prize of $25,000 USD each and the opportunity to be eligible to
receive additional funding from an available discretionary prize
pool of $375,000 USD in development funds. Also, GE Oil & Gas
and Statoil will leverage their joint assets and resources to
support the commercialization of the winning submissions.
The launch of the Water Challenge “Reduced Use and Reuse of
Water in Onshore Operations” comes just as the Sand Challenge
(“Reduced Use of Sand in Onshore Operations”) draws to a close. The
Sand Challenge focused on reducing the amount of (or replacing)
sand required to drill and maintain productive wells. Finalists in
that Challenge will be announced later in July.
For more information on the challenge please visit
poweringcollaboration.com for updates, submission forms, and winner
and finalist profiles.
Collaborating to Drive Efficiency through Innovation
The Powering Collaboration joint technology-focused program is
aimed at driving an industrial response to some of the biggest
challenges facing global oil and gas production, including flaring,
CO2 and methane emissions and water usage, while also optimizing
business operations.
The joint program focuses on developing new approaches to create
efficient, low-cost technologies for oil and shale gas production
while simultaneously reducing emissions. In its initial stage, the
collaboration is building on a foundation of concrete projects
already initiated that address key sustainability dimensions of the
industry, including:
- Reduce flaring and lower
CO2 intensity through innovative application of CNG
In A Box™ as part of the innovative Last Mile Fueling solution:
Provide a full-service natural gas fueling solution for operations
by capturing, compressing and using natural gas that would be
otherwise flared at well sites. Compressed natural gas (CNG) can be
used to fuel rigs, vehicles, and other equipment thereby reducing
the use of or replacing the need for diesel.
- Reduce water usage through
CO2 Stimulation: Use liquefied CO2 stimulation to
both reduce water usage in fracturing operations and increase oil
and gas production.
- Increase fuel efficiency through Gas
Compressor Optimization: Increase performance, efficiency and
extend maintenance intervals through optimization of gas compressor
components.
- Increase fuel efficiency with
Turbine Online Water Wash technology: Increase performance;
reduce planned and unplanned turbine downtime by cleaning turbines
during operation.
About GE
GE (NYSE:GE) works on things that matter. The best people and
the best technologies taking on the toughest challenges. Finding
solutions in energy, health and home, transportation and finance.
Building, powering, moving and curing the world. Not just
imagining. Doing. GE works. For more information, visit the
company's website at www.ge.com.
About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and
gas industry. In collaboration with our customers, we push the
boundaries of technology to bring energy to the world. From
extraction to transportation to end use, we address today's
toughest challenges in order to fuel the future. Follow GE Oil
& Gas on Twitter @GE_OilandGas.
About Statoil
Statoil is an international energy company with operations in 34
countries. Building on 40 years of experience from oil and gas
production on the Norwegian continental shelf, we are committed to
accommodating the world's energy needs in a responsible manner,
applying technology and creating innovative business solutions.
Statoil's headquarter is in Stavanger, Norway with approximately
23,000 employees worldwide, and the company is listed on the New
York and Oslo stock exchanges.
Subject to Official Rules http://bit.ly/1UssgHU. Must submit at
least one Entry by 5 pm ET on September 24, 2015 to be eligible.
Must be 18 years of age or older to participate. Free NineSigma
account and internet access required. No purchase necessary. Void
where prohibited. Up to 5 cash prizes available (USD $25,000 each)
plus up to 5 grant awards (from USD $375,000 Total Grant Pool).
Grants subject to agreed-upon business relationship and other
conditions. Winning depends on Entrant’s skills in meeting judging
criteria. Sponsors reserve right not to award all prizes depending
on quality of Entries received.
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version on businesswire.com: http://www.businesswire.com/news/home/20150707005851/en/
GE Oil & GasStephanie Cathcart, 202-637-4108Head of External
AffairsStephanie.cathcart@ge.comorStatoilKirsten Henriksen,
713-269-8927Communications Manager – US Onshorekhen@statoil.com
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