ICoTA calls for entries for Innovation Award

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ICoTA calls for entries for Innovation Award

Posted on 01/Aug/2015

Operators and service companies which take an innovative approach to developing new technology for the oil & gas industry are being invited to showcase their work by entering the Intervention & Coiled Tubing Association (ICoTA) European Chapter’s Innovation Award 2015.

The award, presented annually by the leading industry body, recognises companies which have pushed forward the boundaries of well intervention and coiled tubing technology through their technical innovation. Previous winners have included Oilenco, Interwell, Schlumberger, BP and BJ Services, Baker Hughes, Statoil, Talisman and Halliburton.

Scott Mitchell, Chair of the European Chapter of ICoTA said: “There is no doubt our industry is facing tough challenges and it has never been more important to identify ways to help us work more efficiently and more effectively. Many companies operating in this region have developed world-leading technologies which have brought real benefits to the industry and this award raises awareness of their work and acknowledges some of their achievements.”

The award supports ICoTA’s mission to enhance communication, gather technical expertise and promote safety, training competency and industry accepted practices. Entries will be judged by the committee of the ICoTA European Chapter who will select the winner from a shortlist of finalists. The judges will be looking at how new technology or existing technology used in an innovative way is applied, its value to the industry and the benefits which it brings to customers. These benefits can range from improved safety to minimised environmental impact to reduced risk and increased recovery.

The winner will be announced during the SPE ICoTA European Well Intervention Seminar in Aberdeen on November 11th and 12th.