Hydrophilic's potential ground-breaking technology supported by LOOP
ETV has entered into a LOOP agreement with Stavanger based Hydrophilic AS with the aim of reducing the amount of exploration and appraisal wells while reducing CO2 emissions.
After a successful proof of concept sponsored by Equinor Innovate, Equinor Technology Ventures continue to support the technology through our LOOP program. The aim is to develop a downhole tool that will reduce exploration and appraisal costs significantly by identifying the hydrocarbon-water contact without the need of drilling through it. This is achieved by measuring the capillary pressure, the difference between the hydrocarbon phase and the water pressure in the thin water film surrounding the sand grains in reservoirs. In addition, the Hydrophilic technology will contribute to lower CO2 emissions due to reduced drilling operations as fewer wells will be required to achieve the objectives. The development is part of a JIP with five O&G operators: Equinor, AkerBP, ConocoPhillips, Faroe Petroleum and OMV.