Strathclyde University and Lux Assure Win Funding for Oil and Gas Data Analysis
The Oil & Gas Innovation Centre has awarded the partnership a technology grant to further develop oilfield data processing technology.
LUX Assure, specialists in corrosion inhibitor management for the oil and gas industry, has partnered with the University of Strathclyde, one of the UK’s leading tech universities, to further develop its successful CoMic™ technology, a corrosion management system.
The pioneering technology will provide the industry’s first corrosion inhibitor micelle detection tool with automated data analysis capability. In turn, this will improve integrity management and help mitigate the risk of incurring high costs to replace infrastructure – which can cost up to $3 million (£2.3m) per kilometre to replace.
Awarded by the Oil & Gas Innovation Centre (OGIC) , the funding will support collaboration between LUX Assure, the OGIC, and leading signal processing and data analysis researchers at the University of Strathclyde.
The joint effort will work to develop CoMic’s existing manual analysis methodology, create custom algorithms and exploit innovative mathematical techniques to automatically analyse data gathered during on-site chemical tests.
Dr Paul Murray, Lead Investigator at the University of Strathclyde, commented: “It is very exciting to be working closely with LUX Assure to conduct research and develop novel algorithms to automatically analyse data gathered by their highly innovative CoMic technology.”
New Tech Will Enable Faster On-Site Decision Making
LUX Assure CEO, Emma Perfect, said: “This project will enable LUX Assure to provide information to our clients both on-site and in real-time, informing them of optimal corrosion inhibitor dosage and enabling prompt decision making on chemical injection.
“Chemical use plays an important part in protecting oilfield assets, and technologies such as CoMic enable better chemical management. Off-site data processing and evaluation is currently required; this leads to delays in obtaining results and can be a barrier to sales where data cannot leave the oilfield being monitored.
“Automated data analytics tools for use on-site, will facilitate quicker decision-making and deliver significant benefits to clients. Evolving the business towards providing such tools is of huge importance to us.”
Ian Phillips, chief executive of OGIC, added: “Asset integrity management is vital to ensure that offshore operations are carried out safely and efficiently.
“The technology being developed by LUX Assure is an excellent example of how automated data management can bring major benefits to offshore operations.
“This technology has the potential to improve chemical monitoring on projects while reducing costs and increasing efficiency, as the real-time relay of data will allow decisions to be made proactively.”
Currently, LUX Assure delivers two key technologies, CoMic and OMMICA™, both are innovative technology which supports the monitoring and managing difficult-to-detect chemicals on-site in oil, condensates and water, specifically the thermodynamic hydrate inhibitors and corrosion inhibitors used to protect oilfield assets, on and offshore.