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ONS 2014: ONS innovation awards handed to Fishbones and Schlumberger

27th August 2014

The industry must adapt as it faces numerous challenges operating in harsh and more demanding conditions and under the keen scrutiny of environmental regulators

ONS 2014: ONS innovation awards handed to Fishbones and Schlumberger
The innovation jury evaluated 97 entries from 79 small and large companies for the two awards

Innovation is the lifeblood of the oil and gas sector. At ONS, innovation is a key theme with the prime focus on the innovations awards ceremony traditionally held on the second day of the show with the top prizes this year being claimed by Fishbones and Schlumberger.

The innovation jury evaluated 97 entries from 79 small and large companies for the two awards. Out of these entries, the two winning companies were announced among five finalists in each category. All of the five finalists in each category were called to the podium to receive a diploma and recognition.

The SME Innovation Award went to Fishbone for its completion methodology for making large numbers of laterals simultaneously out of one wellbore. The jury members described the innovative method for stimulating reservoirs as having great potential for large value creation for the enterprises involved, both innovator and users.

“Being an alternative to hydraulic fracturing, the environmental gains can be considerable,” said the jury.

The other finalists nominated for the SME Innovation Award were Control Cutter, Magseis, Seabox and Visco.

The Innovation Award went to Schlumberger for its GeoSphere – reservoir mapping while drilling service. The service enables subsurface teams to get a picture of the reservoir, bringing new abilities to understand formation geometry, reservoir quality and oil water contacts.

The jury members considered the service to lower the risk of horizontal drilling, enabling safe and controlled landings of horizontal wells. They also described the service to be time and cost saving, as it removes the pilot holes from the rig program.

“The GeoSphere enabling good accuracy placing of producers also reduces the number of wells needed to drain the reservoir, hence it lowers the environmental footprint,” the jury stated.

The other finalists nominated for the Innovation Award were Schlumberger – Quartet Downhole Reservoir Testing System, Weatherford, FMC Technologies and Sulzer and National Oilwell Varco.