Read the article published 31.st of October here (norwegian) (no longer available).
The article also includes interview with inventor Asle Ravnås in GOE-IP (Global Organic Energy). The comapny uses bacterias (microbial culture) that can be used to plug the water-bearing oil reservoir zones, and therefore increase the oil recovery ratio from resevoirs. – All milestones are reached, included securing 50% funding of the first phase. Today I am inquiring for NOK 71 million for a five year period, including one-three operators that can help install the system and try out the technology, says Ravnås in his final presentation.
In addition to the entrepreneurs, 15 students from the University of Stavanger and 22 mentors from sponsors and advisors have participated.
The 5 start up companies participating in ACCEL Drilling & Well:
Geomec provides independent well and reservoir specialist-services, in Petroleum Geomechanics, to oil and gas operators worldwide.
GOE-IP AS has developed a bio-adaptive plug to increase the oil recovery ratio from economically empty resevoirs.
OTG Solutions AS www.otg.no
OTG has developed a software that visually presents all information that affects the rig. OTG provides services, competence and products to the global petroleum industry.
Sekal supplies solutions that employ real time data from a rig to perform advanced monitoring and automated drilling by utilizing advanced models.
Stinger Technology AS www.stinger.no
Stinger Technology is developing a lightweight and cost efficient tool for environmental and geo-technical soil investigations.