Fishbones, the leading provider of alternative reservoir stimulation technology, has commenced an industry technology development project with major Norwegian operator Aker BP – bolstered by a NOK 1.25 million grant from The Research Council of Norway.
The project will focus on the development of extended reach needles; small diameter laterals that penetrate the reservoir to increase hydrocarbon recovery. The aim is to extend the reach of existing Fishbones needles by 50%, increasing the current span of 12 meters to 18 meters.
Fishbones lateral stimulation technology has already recorded multifold increases in well productivity, and the company is seeking even greater improvements by extending needle reach to offer tailored solutions for diverse operational needs, with a view to increasing reservoirs’ recoverable reserves.
Per Øyvind Seljebotn, SVP Exploration and Reservoir Development at Aker BP, said: 'Fishbones is one of the well technologies that Aker BP strategically invests in to enhance the value in the IOR (Improved Oil Recovery) portfolio.
'The new extended reach-lateral components can further broaden the application range of this technology.'
The development project has been backed by The Research Council of Norway in the shape of a NOK 1.25 million grant. The funds were awarded as part of an initiative focused on projects actively contributing to petroleum research, specifically with regards to reducing emissions and increasing efficiency in the oil & gas sector.
Eirik Renli, CEO of Fishbones, said: 'We are excited to embark on our co-funded development project with Aker BP and grateful to be one of 15 companies to receive funding from The Research Council of Norway.
'At Fishbones, we are continuously striving to further develop our innovative technology to unlock the full value of reservoir assets. Aker BP’s decision to co-fund this project underscores their recognition of the immense benefits and potential of our technology.
'We believe this collaboration can lead to further groundbreaking advancements in the industry and we are excited to progress the project with Aker BP in the months ahead.'
Source: Fishbones
