GE and Statoil Support the Development of Solutions to Reduce Fresh Water in Shale Oil and Gas Production

摘要

GE and Statoil in February announced the four winners of their Open Innovation Challenge, designed to utilize crowd sourcing to find solutions that reduce fresh water in shale oil and gas production. GE and Statoil recognize that managing water, as a precious natural resource, represents one of the greatest challenges facing the onshore oil and gas industry. Within the industry, water management costs vary between 10-30 percent. Reducing the amount of water can prove cost-effective by lowering transport and energy costs but is equally beneficial for the environment and local communities.