The oil industry is filled with data and cutting-edge science. It is a true integration of engineering, chemistry, geology and project management. With the recent growth in the availability of new monitoring tools the amount of data available is immense but challenging to use effectively. This is particularly true of chemical monitoring, and commercially significant as these chemicals are used in great quantities to keep oil and gas flowing. LUX Assure provides chemical monitoring tools that have been used by dozens of clients across the globe to prevent blockages forming or leaks developing. We see first-hand the enormous amount of data many operators are collecting and how challenging this can be to collect, record and particularly use to inform decision-making. Trends can be missed, thresholds breached and information ignored because of the volume of disorganised, and uninterrogated data and increasingly heavy workloads. We plan on being the first company to build a fully integrated data processing and visualisation system for oilfield chemicals, to help improve their management. Also, to be the first to integrate chemical data with physical data to provide a holistic view of oilfield infrastructure and operations. This would give our clients the power to utilise all of their data, to make better decisions, faster. The benefits will include: cost savings, through more effective use of chemicals; environmental benefits as the chemicals in use can be hazardous to the environment; improved production; and more confidence in the integrity of infrastructure i.e. less leaks.

Awaiting Public Project Summary

We have developed CoMic™ for optimised dosage of corrosion inhibitors. These protect against corrosion and sub-optimal dosage can cause pipeline integrity issues as well as processing and environmental consequences. Managing the integrity of oil and gas assets is a priority for oil companies. One cause of loss of integrity is corrosion and a number of tools are used to manage this corrosion risk. Corrosion inhibitors are used to protect the infrastructure but current chemical monitoring products, particularly those available for onsite use, can be unreliable in the complex fluids found in the field. CoMic™ has been developed to provide a much needed onsite tool to optimise corrosion inhibitor dosage. Expected cost savings, smoother running processes and reduced environmental discharges have been key drivers of the technology. This project has taken the technology from concept, through initial testing and lab qualification to a first test in the field. We have presented the technical developments to key opinion leaders and during the course of this project, have built a database of end users who are keen to deploy the technology. We are now well positioned for a formal launch of the CoMic™ product later in 2012. A current focus on corrosion management in the North Sea makes this our initial target market, although we have had requests for deployment in Asia, Middle East and the United States.

Awaiting Public Summary