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Octopus Technology

Financiado

Octopus Technology Shale gas and tight oil drilling technology evolution 100...

Octopus Technology Shale gas and tight oil drilling technology evolution 100 s micro laterals drilled simultaneously to maximise well productivity Octopus is a technology which will lead to the development of an economical, fast and environmentally sustainable alternative to fracking technologies. Fracking is an effective but controversial technology which uses hydraulic sti... ver más

31/03/2017

Octopus

71K€

Presupuesto del proyecto: 71K€

Líder del proyecto

OCTOPUS COMPLETIONS LIMITED No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Ver 2 Participantes

Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2017-03-31

Línea de financiación objetivo El proyecto se financió a través de la siguiente ayuda:

SMEInst-02-2016-2017: Accelerating the uptake of nanotechnologies advanced materials or advanced manufacturing and processing technologies by SMEs

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2 Participantes

Octopus

50.00K€ | Lider

DELAVIUDA ALIMENTACION

988.64K€ | Participante

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Duración del proyecto: 4 meses Fecha Inicio: 2016-11-20
Fecha Fin: 2017-03-31

Líder del proyecto

OCTOPUS COMPLETIONS LIMITED

TRL 4-5

Presupuesto del proyecto 71K€

Descripción del proyecto Octopus is a technology which will lead to the development of an economical, fast and environmentally sustainable alternative to fracking technologies. Fracking is an effective but controversial technology which uses hydraulic stimulation to boost productivity of oil or gas wells, and is currently used in 160,000 wells, worldwide. Fracking technology is surrounded by environmental, economic and political argument and there is rising concern over its use of billions of gallons of clean water which becomes polluted and is injected under pressure into the ground, a practice which is now known to trigger earthquakes. As an alternative to fracking methods, and with clear advancements over state-of-the-art (SOA) alternatives, Octopus is a spectacular drilling technology that can create 400 hundred micro laterals simultaneously in a matter of hours, leaving the mother bore full bore after the laterals have been drilled, enabling easy access in the future. These laterals emerge from a vertical or horizontal well bore which will help to achieve significant and sustained well productivity increases of 2 to 10 times and will enable wells to be completed 40 to 80 days sooner than existing multi-lateral well completion technologies. The principle Horizon project objective is to enhance the Octopus technology and demonstrate to the target market the efficiency and environmental improvements our technology offers over SOA alternatives and give full customer confidence in the Octopus technology. This feasibility study will allow us to complete a market study; identify suitable dead wells for Phase 2 trials; scope the legislative pathway; identify Phase 2 project partners; plan the work to be completed during Phase 2 and produce a fully elaborated business plan. Octopus advancements over SOA technologies will enable us to become a world technology leader in sustainable shale gas and tight oil extraction.

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