Among all the difficulties and challenges that the oil and gas industry is facing right now, the most important problem yet to solve is the low oil price situation. In order to sustain commercial operation for both conventional and unconventional resources, the most powerful weapon is the innovation and breakthrough of technology.
“ECF2019 Oil & Gas Tech Innovation Award” is going to be held during ECF2019 9th Asia-Pacific Shale Gas & Oil Summit jointly by the Coordinating Committee for Geoscience Programmes in East and Southeast Asia and Shanghai United Institute for Unconventional Resources. The Award included 5 nominations for Environment & Energy Conservation, Stimulation & EOR Technology, Cost Reduction & Efficiency Technology, Exploration & Production Technology and Intelligent & Information Technology.
Terms of Nomination:
1. The Subject must be innovative within recent 1-3 years. 2. The Subject must be adapted to oil and gas market at an international leading level. 3. The Subject shall be a positive motivation for the development of oil and gas market with broad application and economic value including but not limited to: improving performance, reducing cost, increasing profitability, promoting environment and sustainability, etc.