qWave granted 18,7 mill NOK in new research funding by the Norwegian Research Council
We are very pleased to sign an innovation contract with the Norwegian Research Council (Forskningsrådet) that could grant up to 18,7 mill NOK to research and develop the next version of the qWave technology. qWave is researching and developing a new technology and methods to perform ‘in-situ’ stress tests of rock formations in down-hole wellbores. …
qWave granted 3 mill NOK funding from Ulla-Førrefondet
qWave has developed and successfully tested new methods to perform a stress test of rock formations in wellbores. It will enable operators to better understand the stress in rock formations related to well operations, such as carbon storage. We are very pleased that Ulla-Førrefondet has decided to grant qWave almost 3 mill NOK to enable …
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Core business
The core technology / technique invented by qWave uses high potential electrical charge to create focused ultrasonic shockwaves, like Lithotripsy used in Medical Industry for breaking kidney stones. qWave is in the process of developing a range of tools and services using the technology for In-situ stress testing, clean perforations, well stimulation and cleaning of oil & gas wells.
