LUX Assure to Present New Technology at ITF Showcase
Oil and gas chemical monitoring firm LUX Assure will present new technology at the ITF Technology Showcase, taking place 5 March at the Aberdeen Exhibition and Conference Centre.
The conference will be the first place LUX Assure is sharing its MOTEYE™ technology, which has been developed to monitor produced water being used for reinjection. For its creation, LUX Assure collaborated with Heriot-Watt University, which provided expertise in data analysis and software development. Funding was provided by a £73,000 grant from the UK’s innovation agency, the Technology Strategy Board, in a project that ran for fifteen months.
Oilfield fluids produced during oil and gas extraction can be complex, often containing oil, solids and treatment chemicals. These components can lead to complications when being re-injected into a well. The more that is known about the content of this fluid, the better it can be managed. Current monitoring of the fluid is laborious, requiring skilled personnel and uses multiple pieces of complex instrumentation. MOTEYE™ is a tool created to simplify analysis of the multitude of components in produced water, enabling more effective and cost-efficient management of fluid.
Charles Cruickshank, CEO of LUX Assure, said: “We are delighted to be attending ITF and look forward to presenting MOTEYE™, which provides a new front in reinjection monitoring technology. As more than 70 per cent of the world’s oil and gas production comes from fields more than 30 years old, approaches such as produced water reinjection are growing in significance, and MOTEYE™ will be able to simplify monitoring processes, saving operators time and money.
“By providing the industry with a single, straightforward tool, we hope that MOTEYE™ can standardise fluid monitoring to improve enhanced oil recovery around the world.”
MOTEYE™ is expected to begin field trials in 2015. The technology is the latest in the company’s product offerings, which assist in monitoring chemicals in oil production. LUX Assure’s other products, CoMic™ and OMMICA™, have been applied successfully in multiple on- and offshore projects.
In 2013, LUX Assure received a £3.25million investment, which allowed it to transform from a research and development company to a service provider for the oil and gas industry. The company has grown considerably since then, almost doubling in size, and has opened a new office in Aberdeen.
LUX Assure will be exhibiting at ITF, being held 5 March at the Aberdeen Exhibition and Conference Centre, on Stand 41, and will have personnel on-hand to explain the technology and its uses.
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