Upwing Energy Wins OTC Spotlight on New Technology Award
Upwing Energy, an artificial lift technology company, has won the 2020 Offshore Technology Conference Spotlight on New Technology Award for its Subsurface Compressor System.
However, due to the cancellation of the event this year, Upwing Energy will be recognized and presented with the award during the Spotlight on New Technology at the 2021 edition.
The organizers of OTC in a statement said that Upwing Energy’s SCS was selected for the 2020 award, for being distinguished as a new, innovative and proven technology with significant impact beyond existing technologies and broad interest by the oil and gas industry.
The chairperson, OTC Board of Directors, Cindy Yeilding, said: “We’re pleased to present this year’s recipients for their outstanding work in our industry,” said. “Their new technologies and services are shaping the way offshore products and services are advancing into the future. We applaud these companies for their hard work and dedication to this field.”
Upwing’s SCS has been distinguished as the only downhole turbomachinery that can maximize gas and condensate production, recoverable reserves, gas-in-place recovery efficiency and liquid unloading at the same time. All of these benefits can be realized in any type of formation and wellbore geometry in both the onshore and offshore environments, Upwing said in a statement.
“We are honored to be recognized by the Offshore Technology Conference for our Subsurface Compressor System,” said Herman Artinian, President and CEO of Upwing Energy.
Continuing he said, “Existing gas assets are maturing at a rapid pace, and Upwing’s SCS will play an important role in both the technical and commercial success of the artificial lift of those assets.
“We greatly appreciate the support received from the industry thus far in trialing and commercializing this innovative and enabling technology that they have been interested in for some time.”
Upwing noted that the SCS increases gas production and recoverable reserves by decreasing bottom hole flowing pressure and causing higher reservoir drawdown. Adding that it also carries liquids to the surface by creating higher gas velocities throughout the vertical and horizontal wellbores and prevents vapor condensation by increasing the temperature of the gas when exiting the compressor.
The artificial lift technology company explained that the subsurface compressor consists of two main components – a high-speed hermetically sealed permanent magnet motor with magnetic bearings and a hybrid wet gas compressor.
“These two components are coupled by a magnetic coupling that conveys torque from the hermetically sealed motor to the compressor with no mechanical shaft or seals, so there is no need for a motor protector to isolate the motor from downhole fluids.
The SCS’s “protector-less” architecture provides an extremely reliable rotating solution for lower total cost of ownership and can also be applied to oil recovery. The topside variable frequency drive controls the motor at high speeds without any speed sensors. The SCS significantly reduces intervention costs when compared to alternatives for enhancing gas production.”
OTC recognizes innovative technologies each year with the Spotlight on New Technology award. This award program is exclusively for OTC exhibitors and showcases the latest and most advanced technologies in the oil and gas industry that significantly impact offshore exploration and production.