GE, Statoil Announce Winners of Open Innovation Challenge Focused on Reducing Water Usage in Onshore Oil and Gas Production
GE and Statoil recently announced the four winners of their Open Innovation Challenge, designed to utilize crowd sourcing to find solutions that reduce fresh water in shale oil and gas production.
GE and Statoil recognize that managing water, as a precious natural resource, represents one of the greatest challenges facing the onshore oil and gas industry. Within the industry, water management costs vary between 10% and 30%. Reducing the amount of water can prove cost-effective by lowering transport and energy costs but is equally beneficial for the environment and local communities.
“A focus on technology helped to unlock the shale revolution. Its intense innovation now shared across industries and between companies will ensure shale development continues in the most sustainable, responsible way possible,” said Lorenzo Simonelli, chief executive officer of GE Oil & Gas. “The diversity of solutions and sheer volume of submissions we received show the immense talent and creativity gained.”
The winners are
- Ahilan Raman, Clean Energy and Water Technologies, Australia
- Anthony Duong, Battelle Memorial Institute, United States
- Karen Sorber, Micronic Technologies, United States
- Chunlei Guo, University of Rochester, United States