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 field testing.
The Ulla-Førre Fund shall be an offensive tool in the work on green restructuring of the business sector and the development of higher education in Rogaland, with an emphasis on education, research, technology solutions and other socially beneficial measures in line with this.
“Ulla-Førrefondet is pleased to support the qWave project. It is a comprehensive and ambitious technology project with long term potential to enable business opportunities in Rogaland and internationally. There is a high level of research in the project and the technology will be an enabler for green restructuring in the region as carbon storage projects continue to mature. We believe the qWave project fits well with the objectives of the fund” says Trude Frøyland, Rådgiver, Seksjon for næring, Kultur- og næringsavdelingen i Rogaland Fylkeskommune who leads the administration of Ulla-Førrefondet.
“The support from Ulla-Førrefondet will enable us to further develop our technology in a way that operators of carbon storage projects will increase their understanding of the stress regimes in caprock formations. Testing our technology in a well environment comes at a high cost and support from Ulla-Førrefondet makes it possible” says Jan Ove Nesvik, CEO at qWave