Acceleware Ltd. announced that it has won the 2017 Global Petroleum Show Award for Emerging Clean Technology. Acceleware’s cleantech is a radio frequency heating technology that can be used for without water to process in situ oil and gas reservoirs.
“Acceleware would like to thank the Global Petroleum Show and the awards panel for recognizing our work to change the economic and environmental reality of oil sands and heavy oil production, and we would also like to acknowledge the great work of our fellow nominees,” said Mike Tourigny, vice president commercialization for RF Heating.
The company’s patent-pending RF XL heating technology offers significant improvements in GHG emissions, water use, land use, and does not require the use of solvents. As an electrically driven process, Acceleware has stated that RF XL can eventually provide a clear pathway to zero GHG emissions production of heavy oil and oil sands.
The technology requires little to no water depending on its use application. Acceleware’s description of RF XL states that is can be deployed in “stranded reserves where steam floods or solvent methods alone are ineffective or unavailable.” Further RF XL could save billions of dollars in oil sands production costs by reducing both capital and operating costs.
“We believe our RF XL technology exemplifies the clean in clean tech, because it can create a clean social license for the responsible production of these assets, give operators a clean start to choose from new reserves that have not been viable to produce to date, and provide a clean slate to attract new capital investment to the industry by drastically reducing the capital and operating costs traditionally associated with oil sands and heavy oil production,” said Tourigny.
Acceleware develops high performance seismic imaging and modeling software products and provides innovative technology for radio frequency heating, an emerging thermal enhanced oil recovery method. More information about the company is available on their website.