We are very pleased to announce that DNO will become a new partner in the industry partnership (JIP) to continue strengthen a strong group of industrial partners in Equinor, OMV and Neptune Energy. At the same time Vår Energi becomes a partner as a result of the merger with Neptune Energy
qWave has developed and successfully tested new methods to perform a stress test of rock formations in wellbores. It is based on qWave patented shockwave technology that could enable CCS operators to store CO2 safely and to optimise economics in carbon storage development projects. It will also enable operators to better understand the stress in rock formations related to other well operations, such as oil & gas wells, with potential to reduce costs of drilling and increase efficiency of well operations.
“DNO is excited to support qWave in the development of a patented stress-testing technology that has the potential to increase the efficiency and reducing cost of our future drilling operations” says Grethe Lønø, Senior Advisor Drilling and Wells at DNO Norge
“Our innovation, research and technology development is made possible because we have strong industrial partners that not only contributes to funding our research and development but also contribute into the project with core competence that strengthens the quality of the project deliverables. Equinor, OMV, and Neptune Energy have worked with us for many years, and that DNO now joins this strong partnership will make it even stronger. We look forward to work with DNO” says Jan Ove Nesvik, CEO at qWave