OGIC Investing in New Oil, Gas Technology
The Oil & Gas Innovation Centre (OGIC) announced Monday that it has invested more than $426,000 (GBP 300,000) into three new projects ‘which have the potential to cut operational costs and improve efficiency in the oil and gas industry’.
These projects will see three UK companies work with Scottish universities to develop ‘innovative technology to solve current industry challenges,’ according to OGIC. A breakdown of the projects can be seen below:
- First project: Blue Gentoo will work with the University of Aberdeen to develop an Intelligent Hydrate Tool (IHT). The tool will automatically control MonoEthylene Glycol (MEG) injection by monitoring hydrocarbon parameters - calculating both the MEG required and any subsequent injection adjustments in real time - without routine human intervention.
- Second project: Robert Gordon University and Cambridge-based CorrosionRADAR Ltd, will take the latter’s new remote monitoring and analytics system to the next stage. The device has been developed to monitor corrosion in isolation using permanently mounted sensors to locate problem areas within complex pipeline networks.
- Third project: Phoenix RDS and Heriot-Watt University will develop a flow control device (FCD), specially designed for injection. The project aims to identify ways to optimize the FCD so the required pressure drop during injection is achieved with minimal degradation of the fluid’s properties.
OGIC aims to support 45 projects by the end of 2018, according to an organization spokesperson. Last year, OGIC pledged more than $2.1 million (GBP 1.5 million), supporting over 25 projects both in the UK and overseas.
“These three projects provide an excellent insight into the range of opportunities available to technology developers, not only in the UK, but across the globe. Each innovation has the potential to solve real industry challenges, while delivering significant cost savings and minimising potential risks offshore,” Ian Phillips, chief executive officer of OGIC, said in an organization statement.
“There are a number of companies out there that have the skills and expertise to develop ground-breaking technologies, but possibly don’t have the capital to get their ideas off the ground. That’s why it’s vitally important that support is given to small technology-focused businesses, so they can help push our industry forward, support the UKCS and export their offerings to the international market,” he added.
OGIC provides a single access point to the knowledge and capabilities of Scottish universities for the oil and gas industry.
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