Grant: Idea to Innovation
Memorial University of Newfoundland
$15,000.00
Market Assessment - Vibration Assisted Rotary Drilling (VARD) Tools and Technology
EF 2022-23
Résumé
Vibration Assisted Rotary Drilling (VARD) technology was developed at the Drilling Technology Laboratory at Memorial University of Newfoundland which increases the Rate of Penetration (ROP) for rotary drilling. Rotary drilling trials conducted under laboratory conditions and during full-scale field trials have demonstrated increases in ROP ranging from 25% to 300%, depending on the type of formations drilled and the VARD tool configuration. Under combined funding the NSERC I2I program and the Memorial University Research Innovation Office, a Market Assessment for the VARD technology is being conducted. This will evaluate the market demand for the technology and clarify options for the best means to introduce the technology into the drilling market place. This will be done through evaluation of secondary data already available in the public domain, primary research involving consultation with industry technical professional and executives, and comprehensive market synthesis of these data.
Programme
Idea to Innovation
Bénéficiaire
Emplacement
Newfoundland and Labrador, Canada
Type de bénéficiaire
Academia
Type
Grant
Source
NSERC's Awards Data
Tel que publié
Application id
577521-2022
Name nom
Butt, Stephen SD
Department département
Process Engineering
Organization id
89
Institution établissement
Memorial University of Newfoundland
Province en
Newfoundland and Labrador
Province fr
Terre-Neuve-et-Labrador
Country en
CANADA
Country fr
CANADA
Fiscal year exercice financier
2022
Competition year année de concours
2022
Award amount
15000
Program id
I2IPJ
Program name en
Idea to Innovation
Program name fr
De l'idée à l'innovation
Group en
RESEARCH PARTNERSHIPS
Group fr
PARTENARIATS DE RECHERCHE
Committee code
96
Committee name en
RPP Internal Decision Cttee
Committee name fr
Cté de décision interne - PPR
Area of application code
300
Area of application group en
Energy resources
Area of application group fr
Ressources d'énergie
Area of application en
Energy resources (including production, exploration, processing, distribution and use)
Area of application fr
Ressources d'énergie (production, exploration, traitement, distribution et utilisation de l'énergie)
Research subject code
2302
Research subject group en
Fuel and energy technology
Research subject group fr
Combustibles et technologie de l'énergie
Research subject en
Petroleum engineering, oil and gas recovery
Research subject fr
Génie du pétrole, récupération du pétrole et du gaz
Installment
inst:1
Partie
1
Nb partie
1
Application title
Market Assessment - Vibration Assisted Rotary Drilling (VARD) Tools and Technology
Application summary
Vibration Assisted Rotary Drilling (VARD) technology was developed at the Drilling Technology Laboratory at Memorial University of Newfoundland which increases the Rate of Penetration (ROP) for rotary drilling. Rotary drilling trials conducted under laboratory conditions and during full-scale field trials have demonstrated increases in ROP ranging from 25% to 300%, depending on the type of formations drilled and the VARD tool configuration. Under combined funding the NSERC I2I program and the Memorial University Research Innovation Office, a Market Assessment for the VARD technology is being conducted. This will evaluate the market demand for the technology and clarify options for the best means to introduce the technology into the drilling market place. This will be done through evaluation of secondary data already available in the public domain, primary research involving consultation with industry technical professional and executives, and comprehensive market synthesis of these data.
