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. The new technology applies acoustic shockwaves and is patented worldwide. It will enable better data and understanding of the stress regimes in rock formations related to well operations, such as caprocks in carbon storage projects, oil & gas wells, and has the potential to reduce costs of drilling and increase efficiency of well operations.
“The support from the Norwegian Research Council enables us to start the research and development of the version 2.0 technology. Developing down-hole technology is costly and it takes a long time to perform diligent research and testing, and this contract is a true enabler for making it possible to develop such complex technology in Norway” says Jan Ove Nesvik, CEO at qWave
“Version 2.0 will bring the qWave application to 8 ½” well sections. This requires research into acoustic shockwave generation and behaviour in high-pressure, high-temperature environments, alongside scaling down the core pulser from the V1.0 prototype dimensions,” says Robin Greene, Project Manager at qWave.