ITF requests proposals for water-production solutions in Brazil
ITF is asking developers to submit innovative solutions to water-production challenges in Brazil. In June, ITF member companies based in Brazil identified water production as a priority challenge to be addressed.
ABERDEEN, UK – ITF is asking developers to submit innovative solutions to water-production challenges in Brazil. In June, ITF member companies based in Brazil identified water production as a priority challenge to be addressed.
ITF Operations Director Keith Mackie said: “While water is used in the production of oil and gas, it is also considered a waste product. Large amounts of water are also produced with oil, and this can potentially be contaminated with any chemicals injected into the reservoir as well as oil and solids. As a result, minimizing the amount produced in the first place, and the disposal of any produced water are key challenges.”
Developers will present their technology ideas to major oil and gas companies. If selected, they could secure up to 100% funding to develop their technologies, while retaining full intellectual property rights. Agência Nacional do Petróleo (ANP) – the Brazilian national agency of petroleum, natural gas and biofuels – will provide guidance on which proposals are likely to be levy compliant.
The invitation to respond is open to all relevant global industry sectors from small and medium-sized enterprises, to academic and research institutions, and large industry players. To be eligible for funding, the project must be run in Brazil and/or the project proposer (or at least one partner) must be a Brazilian entity. The deadline for expressing interest in submitting a proposal is Nov. 25.