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OTC 2019 Announces Spotlight on New Technology Award Recipients

The Offshore Technology Conference (OTC) announced 18 technologies that will receive the 2019 Spotlight on New Technology Award. The awards will be presented 6 May at the 2019 Offshore Technology Conference.

The Spotlight on New Technology Awards—a program for OTC exhibitors—showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.

The 2019 winners are:

AFGlobal, producer of Active Control Device (ACD)

AFGlobal, producer of DuraStim Pump

Baker Hughes, a GE company (BHGE), producer of NovaLTTM16

Dril-Quip Inc., producer of Double Expansion XPakTM Liner Hanger

FutureOn, producer of FieldAPTM—a FieldTwinTM Platform Application

HYTORC, producer of LITHIUM SERIES II *

NOV, producer of Subsea Automated Pig Launcher (SAPL)

Oceaneering International Inc., producer of Subsea Pumping Technology

Saipem, producer of Offset Installation Equipment (OIE)

Schlumberger, producer of Concert well testing live performance

Schlumberger OneSubsea, producer of Vx Omni Subsea Multiphase Flowmeter

SIEMENS, producer of BlueVaultTM Energy Storage

SIEMENS, producer of Subsea Power Grid

Stress Engineering Services Inc., producer of Condition Based Maintenance of Drilling Riser Systems

TechnipFMC, producer of Subsea 2.0TM In-Line Compact Robotic Manifold

Van Beest BV, producer of Green Pin Tycan *

Weatherford, producer of TR1PTM Single-Trip Completion System

XSENS AS, producer of XACT Ultrasonic clamp-on Flowmeter *

*Small Business Award Distinction

 

Winning technologies were selected based on the following five key criteria:

  • New. The technology must have been offered to the marketplace in a ready-for-commercialization state less than 2 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.
  • Proven. The technology must be proven, either through full-scale application or successful prototype.
  • Broad interest. The technology must interest and appeal to the industry.
  • Significant impact. The technology must provide significant benefits exceeding existing technologies.

For a fifth year, OTC will also support and recognize the innovative technologies being developed by small businesses with the program’s Spotlight on Small Business Award. In addition to meeting the above criteria, a small business honoree must be independently owned and operated or a not-for-profit concern and have no more than 300 employees for the 12 months preceding the application deadline.

“Each Spotlight on New Technology Award submission is reviewed and rated by several subject matter experts, providing a sound and fair scale” said OTC 2019 Board of Directors Chairman Wafik Beydoun. “This year more than 450 ratings were submitted, and the best of some incredible submissions were chosen. We are very proud, at this special Golden Anniversary of OTC, to present these 18 Spotlight on New Technology Award outstanding winners. They are proof that the highway of the future in offshore development is being paved by innovations.”

OTC 2019 Announces Spotlight on New Technology Award Recipients

11 March 2019

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