Objective
REVIVAL focuses on the problem of maximising recovery of oil from wells and prolonging their productive life; a commercial imperative for the industry and a response to EU policies to secure Europe’s energy supply in respect to oil.
Globally only 32% of available oil reserves are extracted from oil fields. A 5% increase in the recovery factor would yield as much oil as is expected from all future exploration efforts.
The reason for low recovery rates is the breakthrough of water or gas in the well. The industry has addressed this by developing inflow control devices (ICD & AICD) that choke oil production both at start up and when gas or water incursion occurs; but do not stop these entering the system.
Our innovative solution utilises the properties of fluid dynamics to create an Autonomous Inflow Control Valve (AICV) that, whilst remaining simple in concept, eliminates the weaknesses of AICD and ICD products. By comparison, proof of concept tests on our AICV show it will increase recovery, does not choke initial oil production, can stop gas and water completely, is autonomous, reversible, reliable and price competitive.
We have established the concept, but still face significant technical challenges which we need to outsource to specialist R&D partners. These involve developing an innovative laminar flow element, filters and seals that can withstand the harsh environments in wells.
REVIVAL enables our SME partnership to create a novel, highly differentiated, validated pre-production prototype that can be quickly commercialised post project completion, providing outstanding benefits for our own organisations, our oil company clients, national government exchequers and Europe as a whole. It responds to competitive threats we as SMEs face.
The primary market are oil company clients are receptive to a solution. The known market potential is €224 million within 5 years of project completion. Secondary markets exist in environmental protection from oil spillages.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-SME-2013
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
3936 PORSGRUNN
Norway
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.