Spotlight on New Technology® Award Program

The REACH™ wireline-retrievable safety valve from Baker Hughes provides the industry’s first and only solution to bring ultra-deepwater wells with failed tubing-retrievable safety valves back online faster, safer, and more economically than a deepwater workover.

CARBOTRACE technology overcomes the limitations of current technology by providing a cost-effective production surveillance solution for multistage fractured completions.

Deployed with various proppants, CARBOTRACE offers a quantitative analysis of the percent contribution of each frac stage's oil, water, and gas phases. CARBOTRACE enables quick decision-making based on reliable production data.
 

Framo submerged turbines enables generation of electric power from the wastewater dumped overboard. The solution increases the operational efficiency.

Operators can save up to 30% power on cooling systems. It reduces the carbon footprint and enables increased gas export. Submerged turbines are installed on new or retrofitted on existing facilities.
 

GOWell’s unique DEC tool measures casing deformation behind tubing. The DEC generates a magnetic field and measures magnetic flux density distributions azimuthally, delivering reliable outputs of casing ovality, and the tubing eccentricity in the casing. The technology is combinable with other GOWell services to provide cost-effective monitoring solutions for operators.
 

The Hägglunds Atom is the world's most compact powerful gearless drive that can be used to convert electric energy or diesel power to rotary motion. Due to its compact size, efficiency, safety and reliability, the Atom was quickly adopted in field applications achieving TRL 6.
 

Oil States Active Seat Gate Valve provides game-changing sealing performance in the field. It dramatically reduces the amount of heavy grease required during operations by hundreds of pounds per well, which significantly reduces grease disposal upon completion. Personnel intervention at the wellhead is cut substantially also, boosting safety and efficiency.
 

TerraFusion is the latest generation LWD all-mud imaging tool. It offers 16-sector Gamma-Ray, APWD, and 128-Sector high-resolution ultrasonic borehole standoff and formation imaging capability integrated in a short collar. TerraFusion provides comprehensive insights into borehole geology, geomechanics and completion, and improves drilling efficiency and well placement precisions in real-time applications.
 

OplaSmart is an advanced cloud-based software designed to improve managed pressure drilling with machine learning, digital twin engineering, and IoT. The software collects data from multiple locations and uses it to train an artificial neural network for pressure profiles. With its powerful capabilities, OplaSmart is an essential tool for modern drilling operations.

PMD™ is an innovative rig Integrated MPD technology that harnesses machine learning, artificial intelligence, and IoT to facilitate drilling operations. It emphasizes optimizing and improving performance drilling, reducing man-hours, equipment footprint, transportation costs, and emissions. PMD™ is powered by PMDSmart™ software and is remotely controlled, making it the first IoT MPD system.

The FTLP™ Floating Wind Platform (or “Fixed TLP”) developed under Oil States’ OSI Renewables brand is a game-changing approach offering the benefits of a highly stable fixed platform structure to the floating wind market with substantially reduced cost and streamlined installation capability compared to traditional floating wind platforms.
 

FlatFish, a technology originated by Shell Brasil in cooperation with Senai Cimatec is the state-of-the-art for underwater drone technology, delivering advanced inspection and surveillance services from shallow to deepwaters. Engineered between Italy and Brazil by Sonsub, Saipem’s center of excellence for subsea technology, it has recently completed a deepwater pilot project demonstrating its main capabilities and performances and is now ready for commercialization.

Epilogue™ dual-string barrier evaluation revolutionizes well decommissioning by evaluating barrier integrity behind multiple casings without pulling the inner tubing. By enabling a fully rigless P&A solution, this industry-first technology drives operational efficiency, minimizes costs, and reduces emissions. Beyond P&A, it helps plan well sidetracks, improves production, and optimizes CCS projects.
 

The Teledyne 3-channel Optical Feedthrough System is designed for use at a maximum operating pressure of 10,000 psi and temperature of 250 °F. The connector set can be mated at speeds up to a half a meter per second and is designed to operate continuously for 25 years.
 

The DBB-SAVER technology is designed to create, maintain, monitor, and control a vacuum between two valves (or between two seats inside a single valve) thereby making any leakage of liquids or gas towards the safe work area impossible. Make planned maintenance, inspection, or emergency work safer than ever before.
 

GeoTracker, the world’s first at-bit propagation resistivity technology, provides propagation resistivity measurements only a few inches behind the bit. Its ability to work in any type of drilling fluids including oil-base muds plus its azimuthal resolution capability promotes game changes to geosteering and well placement operations.
 

To be considered, the technology must meet five key criteria.

• New. The technology must have been offered to the marketplace in a ready-for-commercialization state less than two years prior to the application date.
• Innovative. The technology must be original, groundbreaking, and capable of having a major impact on the offshore E&P industry.
• Ready. A proposed type of equipment must meet the requirements of API 17Q Technology Readiness Level of TRL4 or higher to qualify for submission.
• Broad Interest. The technology must interest and appeal to the industry.
• Significant Impact. The technology must provide significant benefits exceeding existing technologies.

• Acknowledgment in an OTC press release.
• Advanced recognition on the OTC website and on OTC social media platforms.
• Acknowledgment at an on-site awards ceremony with press invited.
• Recognition in a special section of the digital OTC conference program.
• Designation on the exhibit floor with a customized Spotlight on New Technology banner.
• Use of the Spotlight on New Technology logo.
• Recognition as a Spotlight on New Technology winner at any of the OTC events that are held within 11 months of the OTC of which they won.

OTC Spotlight on New Technology Small Business Award recipients will receive the same benefits as listed above, with the added recognition as a "Small Business Award" recipient. The Spotlight on New Technology Small Business Award® recognizes the innovative technologies being developed by small businesses (less than 300 employees). To be considered, your company must:

• Be independently owned and operated or a not-for-profit concern.
• Have no more than 300 employees for the preceding 12 months.
• Meet all other Spotlight on New Technology award program requirements.