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Since it was launched 15 years ago, Shell Technology Ventures has boosted
We aim to identify innovations and technologies that can provide meaningful commercial advantage for Shell over the long term, while helping companies to grow. Our team has invested in and deployed new technologies across the energy sector. Some of these investments include:
Technology: enhanced oil recovery
GlassPoint designs, manufactures and installs solar steam generators, housing them in a unique glasshouse that protects the mirrors and moving parts from sand or dust. Our team saw its potential to replace natural gas in generating the steam injected into oil wells to boost recovery. According to GlassPoint, this approach can reduce CO2 emissions by up to 80% compared to conventional methods. Our investment followed a decision by Petroleum Development Oman to select GlassPoint for a solar thermal EOR demonstration project.
Visit GlassPoint to find out more: www.glasspoint.com
Technology: managed pressure drilling
@Balance developed a system that keeps the pressure constant in the bottom of a well during drilling. This reduces the cost of drilling, for example by replacing the heavy drilling fluid that usually creates pressure. Our team developed the automatic valve used in the system and we are providing support to further develop it.
Technology: intelligent completions
WellDynamics developed technology that allows operators to remotely monitor and control oil and gas production in different locations in real time. The approach includes advanced sensors in the wells that feed back to a central system. Engineers can make adjustments from a central location, improving production.
Technology: acoustic telemetry
Xact has found a new way for engineers to gather information about oil and wells as they drill. Its sensors and transmitters run the length of the drill and work in different fluids, providing continuous information for a safer, more efficient approach.
Visit Xact to find out more: www.xactinc.com