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The 2021 World Oil Awards, held on October 14, recognized the upstream oil and gas industry’s leading technological innovations. Six Schlumberger technologies in a wide range of categories were acknowledged with the prestigious recognition.
“For 20 years, the World Oil Awards have showcased the finest new technology that the upstream industry has to offer. Competition was fierce this year, as we received more than 295 nominations, from which 102 finalists emerged. This is a record number of nominations, so even being selected as a finalist is a huge achievement,” said Kurt Abraham, World Oil’s editor-in-chief and chief forecaster. “This year’s awards are also notable in that half of the winning technologies were decided by 1/10th of a point, which speaks to the quality and level of innovation by all the submitting companies. So, it is even more remarkable that Schlumberger was able to win in multiple categories.”
Schlumberger’s 2021 World Oil Award winners include:
Best Completion Technology Award: Dual-Fracturing Stimulation Service
The dual-fracturing stimulation service enables operators to simultaneously stimulate two wells using a single stimulation fleet to save time and cost—compared with conventional zipper fracturing—without sacrificing well performance.
Best Exploration Technology Award: Deep Transient Testing on Wireline
The Ora wireline formation testing platform's deep transient testing capability was developed as a joint project between Schlumberger and Equinor (then Statoil) to bridge the gap between conventional wireline transient testing and drillstem testing, enabling a more sustainable and economical solution to evaluate exploration and appraisal wells at a global scale. Part of the Schlumberger Transition Technologies portfolio, the Ora platform reduces the CO2 footprint by up to 96% by minimizing or eliminating flaring, in addition to decreasing energy consumption by at least 50% on average.
Best Oilfield Fluids and Chemicals Award: VeraTherm High-Temperature Water-Based Drilling Fluid
The VeraTherm drilling fluid remains stable at high temperatures with minimal treatment similar to oil-based mud, which translates into excellent long-term static stability during tripping, logging and casing running operations.
Best Well Integrity Technology Award: Dual-String Barrier Evaluation
Jointly submitted by Schlumberger and Equinor, dual-string barrier evaluation technology offers the most advanced and proven method of imaging the “B” annulus profile without the need to pull out the inner pipe (tubing or casing) helping to reduce P&A rig days, thereby reducing costs and also carbon footprint. This solution relies on a unique combination of wireline-conveyed deep probing advanced acoustic measurements (axial and azimuthal array sonic and multimodality ultrasonic) complemented by physics-informed deep learning (machine learning) algorithms to unravel the complexity in the signals interpretation.
Best Well Intervention Technology Award: ReSOLVE iX Service Slot Cutter
The slot cutter application—the latest addition to the ReSOLVE iX extreme-performance instrumented wireline intervention service—is an innovative nonexplosive and precision-controlled mechanical puncher that delivers mechanical cutting of up to 200 slots per descent with real-time feedback to confirm punching progress and quickly adjust for any downhole change.
New Horizons Idea Award: Optiq Seismic Fiber-Optic Borehole Seismic Solution
Schlumberger’s Optiq Seismic solution is an end-to-end solution that leverages distributed acoustic sensing, digital innovation, and unique temporary or permanent fiber-optic deployments to map subsurface features and delineate reservoir properties without the need of dedicated borehole seismic descent. Part of the Schlumberger Transition Technologies portfolio, the solution improves operational efficiency and reduces carbon emissions by up to 99%, accelerating exploration and maximizing production sustainably.
Now in its 20th year, the World Oil Awards recognize and honor the upstream energy industry’s leading innovators and innovations and step changes in technology that have made a lasting impact. Learn more here.