The workshop will provide unique access to Oiltech investors at the Thistle Airport Hotel in Aberdeen on Wednesday, October 6.
Entrepreneurs, inventors and SMEs looking to expand their business can apply for a place at the seminar.
Further details and application forms to participate in the workshop can be found at www.oiltechinvest.com/events.asp
Closing date for applications is August 20.
See Press Release for further details
The Oiltech Investment Network (Oiltech) has been launched by a number of leading global investors, including Chevron Technology Ventures, Energy Ventures, Epi–V, Lime Rock Partners, SEP, Shoaibi Group and Viking Venture. The pioneering network is managed by OTM Consulting.
Oiltech will provide a platform to connect would-be oil and gas entrepreneurs with prospective investors to discuss the potential commercialisation of their emerging technologies. The network will also provide opportunities for E&P and service company technology managers, and subject matter experts, to engage with a variety of portfolio companies currently supported by the members.
A newly-launched website, www.oiltechinvest.com, provides an introduction to these technology companies and online resources to help entrepreneurs develop their business ideas.
See Press Release for further details
OTM is delighted that interest in SAFEBUCK GEO and SAFEBUCK Phase III has continued to grow, with a number of new companies recently choosing to join the JIP. The JIP will develop an improved design methodology for on-bottom subsea pipelines; OTM is project managing the JIP on behalf of AtkinsBoreas. Participants of the JIP now include: Acergy, BP, BureauVeritas, DNV, ExxonMobil, Fugro, MMS, Petrobras, Shell, Statoil, Technip, Total and Woodside. See www.safebuck.com
OTM is pleased to welcome its 18th member to technologytradingpost™. www.technologytradingpost.com is the leading website dedicated to technology commercialisation in the energy sector. Members now include Aramco Services Company, BG Group, BP, Chevron, ConocoPhillips, DONG Energy, Eni, Hess, INPEX, JOGMEC, Nexen, Petrobras, Petronas, RasGas, Suncor Energy, Technip, Weatherford and Woodside Energy. Within the website, end users of technology can find details of new and existing research projects and emerging technologies, and developers of technology can promote proposed and running research projects. The website now include details of more than 3,400 technologies from over 700 research organisations around the world
Researched and written by OTM Consulting in partnership with Douglas-Westwood Ltd, the first edition of “The Produced Water Gamechanger Report 2010 – 2014,” was launched on 23rd February 2010. This is the latest report in the acclaimed series of business studies published by the two organisations.
The report provides detailed forecasts on market opportunities and growth potential for key produced water treatment equipment and technologies. In addition, it includes a selection of case studies that describe actual produced water projects undertaken by operators – including Chevron’s application of compact flotation units at its Alba field, and ConocoPhillips’ adoption of condensate based extraction technology at the Ekofisk field. It also presents the results of a detailed operator survey carried out amongst companies including BP, Chevron, ExxonMobil, Schlumberger, Shell and Total.
The report identifies a range of other new technologies that can help operators deal successfully with produced water – including treatment, minimisation, separation and re-injection. It also examines a wide range of factors including target and actual site production rates, production chemistry and reservoir characteristics such as geology that have a major impact on the way in which produced water is managed.
For further information, please contact Saif Rahman or to order a copy of the report please complete the attached order form and fax back to +44 (0)1483 598010.
See Press Release for further details
Sara Price, Senior Consultant; OTM Consulting, explains the development of industry knowledge of sand control through different routes.
The complete article has been published in the February issue of Oilfield Technology magazine
OTM is pleased to announce the launch of the SAFEBUCK Phase III and SAFEBUCK GEO JIPs which OTM will project manage on behalf of Atkins Boreas. The JIPs will continue the work delivered by SAFEBUCK Phase I and II, with the key aim of formalising the SAFEBUCK Guideline into an Industry Recommended Practice. SAFEBUCK GEO will run alongside SAFEBUCK Phase III and will involve research into pipe-soil interaction during lateral buckling. Participants in the JIP are: BP, ExxonMobil, Petrobras, Statoil, Total, Woodside, MMS, Acergy, Technip and DNV
OTM is pleased to welcome 7 new members to technologytradingpost™ taking the total number of members up to 17 with more members expected to sign soon. www.technologytradingpost.com is the leading website dedicated to technology commercialisation in the energy sector. Members now include Aramco Services Company, BG Group, BP, Chevron, ConocoPhillips, DONG Energy, Eni, Hess, INPEX, JOGMEC, Nexen, Petrobras, Petro-Canada, Petronas, Technip, Weatherford and Woodside Energy
Airborne together with MCS and OTM Consulting have commenced with the Joint Industry Project on the development of a Thermoplastic Composite Riser. This programme is being sponsored by BG Group, Chevron, SBM Offshore, Shell, Statoil and Total, with more sponsors expected to join the group shortly
technologytradingpost™ 2.0, a joint development between OTM Consulting and the Industry Technology Facilitator (ITF), which will incorporate a new technology mapping capability is on track for its launch in July 2010. The objective of the technology mapping capability is to enable users to understand how their technology needs fit in with the global "landscape" of existing, field-trial-ready and emerging technologies in the oil & gas sector. Information about users' technology needs will be mapped on to this knowledge base to highlight areas where technology is available or work may already be ongoing, as well as gaps where new development may be required.
OTM and ITF are confident that this will help to accelerate the uptake of new technology and enable greater collaboration and end-user input to the development of new technology, as well as allowing research and development (R&D) budgets to be targeted more effectively.
For further information on technologytradingpost™, and the benefits it already provides to Members and research and technology providers, please contact Mark Woods
According to a recent article in the September 2009 edition of Offshore Magazine, many operators see multiphase metering as an important factor in increasing production rates. OTM Consulting and Douglas-Westwood Ltd have been quoted as predicting that more than 1,000 additional multiphase meters will be deployed by 2015.
To see the full article, visit www.offshore-mag.com
OTM's newest network - SubWIN - welcomes three new members. SubWIN enables operators and service companies to work together to realise effective and efficient subsea well intervention to improve subsea well productivity. Members now include: Aker Solutions, Cameron, Chevron, ExxonMobil, GeoProber, Halliburton, Hess, Nexen, Statoil, Titanium Engineers, Welltec and Wild Well Control. For further information on SubWIN please contact Sara Price or visit www.subwin.com
OTM took part in a local charity raft race along a 2.5km stretch of the River Wey in Guildford. In total 34 rafts took part in the event with OTM sailing 2 of the rafts and raising £250 for local charities in the area which are supported by the organisers; Guildford Lions
The Energy Technologies Institute (ETI), a unique partnership between global industries and the UK Government, has today confirmed funding for the NOVA project. The NOVA (Novel Offshore Vertical Axis) project focuses on designing cutting edge offshore wind turbine technology, and aims to provide 1 GW of power from offshore vertical axis turbines by 2020. The UK-based NOVA consortium is led by Guildford energy specialists OTM Consulting and includes representatives from three universities – Cranfield, Strathclyde and Sheffield – the Centre for Environment, Fisheries and Aquaculture (Cefas) and SME Wind Power. Key sub-contractors include James Ingram & Associates and QinetiQ. The project aims to assess the feasibility of a unique wind turbine with a pair of giant vertical wings, which has the benefit of ruggedness, stability and simpler maintenance access, compared to the horizontal axis concept of conventional turbines. For more details visit www.nova-project.co.uk
OTM held the launch meeting for a new industry network - PWRI OPNet - concerned with operational issues for produced water re-injection systems. This launch was prepared by OTM following an operator enquiry and an initial positive market assessment of operator needs. The launch was attended in Aberdeen by BP, Petro-Canada, RWE Dea, Statoil and Talisman. Initial scene-setting presentations were made by Talisman covering the technical challenges they face and by RWE Dea considering the goals and constraints of water injection systems. This launch meeting confirmed the technical scope for the network, with a real interest in the sharing of knowledge and information, and the format of future meetings to be held in Europe. The first network meeting is taking place in February 2009. For more information please contact Michele Turitto or visit www.pwri.net
OTM recently carried out detailed market assessments for the fast-growing Norwegian well technology company Ziebel. This resulted in the company successfully raising USD 23M of fresh capital, which is now enabling them to bring further gamechanging technologies to the market. OTM carried out assessments of five technology areas – all related to production enhancement using downhole technologies – defining projected revenues for each area, based on addressable market, customers and buying characteristics, technology differentiators and barriers to entry, market share, and unit price. Using its market intelligence expertise and detailed understanding of downhole technologies and their applications, OTM carried out an extensive literature review and analysis, followed by numerous interviews with contacts amongst technology end-users and industry experts
OTM will be representing the SEAFOM and IWIS working groups at the forthcoming Intelligent Energy 2008 event in Amsterdam. Annie Hairsine and Crispin Keanie will be in attendance with details of the latest developments on the ICON (Intelligent Completions on the Net) web portal. For more information please contact Annie Hairsine
OTM with the support of Society of Underwater Technologies (SUT) and Umbilical Manufacturers Federation (UMF) kicked off the BASICS JIP (Blockage Avoidance in Subsea Injection and Control Systems) – (www.basics-jip.com) in late 2006 with the aim of generating two outputs: 1/ a Recommended Practice (RP) document on how to avoid blockages in the subsea system, and 2/ a Design Verification (DV) document specifically aimed at the qualification of production chemicals, but also touching on control fluids. There are 16 signed up participants representing operators, equipment manufacturers, fluid suppliers, and engineering houses. The RP document now covers recommendations from the FEED stage through to decommissioning of a field. It covers all aspects of fluid injection and control, covering subjects as diverse as: fluid design, fluid cleanliness, system design (topside, subsea and submudline and integration thereof), operational handling/ protocols, bunkering, materials of construction, fluid change-out, seawater ingress and potential interventions. The aim of the DV document is to ensure that the fluids are qualified for their required design conditions and covers subjects such as: fluid stability (temperatures, pressure, solid drop out, phase changes), fluid and material compatibility, system requirements etc. The ultimate aim of the JIP is to have both documents accepted as standards and discussions are ongoing with national/ international bodies to meet this goal. Draft documents are due for completion by the end of 2008, ideally followed by rapid industry adoption. For more information please contact Gaurav Gupta
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