Oliasoft has been awarded grants from Demo2000 led by The Research Council of Norway, as one of 11 innovative technology companies.
The project involves piloting of Oliasoft WellDesign throughout a range of departments and disciplines for numerous oil companies, including subsurface, drilling & well and digitalisation groups.
Total budget for the project is 24 MNOK and will be funded by Demo2000 and participating oil companies.
Chairman for Demo2000 Runar Rugtvedt comments:
“The projects that has been awarded grants are of exceptional quality and very important for the development of the Norwegian Continental Shelf going forward.”
Demo2000 is an industry program led by The Research Council of Norway which aims to support competitiveness in the oil industry and secure profitable and sustainable production of hydrocarbons on the Norwegian Continental Shelf.
Read the full announcement here (norwegian).