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New technologies and new solutions at ONS Innovation Park

The Innovation Park showcases exciting new technologies and innovations directly related to some of the challenges facing the industry.

ONS_InnovationPark_CMYKOnce again Innovation Norway and the Research Council of Norway cooperate on the ONS Innovation Park – a dedicated arena for technological innovations in the middle of the ONS Exhibition area, in Hall 8.

A need for cost reductions and standardised solutions

A total of 18 companies, half of which is funded by the Research Council of Norway, the other half supported by Innovation Norway, are ready to present their technological solutions for a large international audience.

– We have had a thorough selection process with emphasis on companies groundbreaking innovations within various technological solutions for improved cost effectiveness, better decision making/analysis and enhanced oil and gas recovery. We also wanted to promote technologies with environmental benefits, says Thomas Bjerkmann, Project Manager at Innovation Norway.

Visio IO and Interwell P&A among the exhibitors

One example is the company Visio IO, who develops innovative camera inspection tools for the oil and gas market. The technology contributes to smarter decisions and cost-effective operations through visual inspection and logging.

ONS2dag 074[modified]– Vision IO was also exhibiting at ONS Innovation Park in 2014 and says the park is an excellent place to be present for a small technology company. They met companies within their targeted segments and established several contacts with international operators, says Bjerkmann.

Another exhibitor at the Innovation Park is Interwell P&A, a company developing a revolutionary P&A-concept for the permanent abandonment of wells. The concept is as safe as existing solutions, but much cheaper. The patented concept makes it possible to plug wells without using a rig, and it eliminates the need to extract or mechanically remove the well elements. Operators costs related to P&A operations will be significantly reduced compared with current technology.

Exhibitors at ONS Innovation Park ONS 2016