OTC Announces Technology Award Recipients

OTC 2019 Announces Spotlight on New Technology® Award Recipients

Posted by Omosola Akingboye, March 11, 2019

Winners Recognized for Innovative Products for Offshore Exploration and Production

The Offshore Technology Conference (OTC) has announce that not less than 18 technologies will receive the 2019 Spotlight on New Technology® Award. The awards will be presented at 1600 hours, 6 May, in the NRG Center Rotunda Lobby.

The Spotlight on New Technology Awards—a program for OTC exhibitors—showcases the latest and most advanced hardware and software technologies that are leading the industry into the future.

Spotlight Winners:

  • AFGlobal, producer of Active Control Device (ACD)
  • AFGlobal, producer of DuraStim® Pump
  • Baker Hughes, a GE company (BHGE), producer of NovaLT™16
  • Dril-Quip Inc., producer of Double Expansion XPak™ Liner Hanger
  • FutureOn®, producer of FieldAP™ – a FieldTwin™ Platform Application
  • HYTORC, producer of LITHIUM SERIES® II *
  • NOV, producer of Subsea Automated Pig Launcher (SAPL)
  • Oceaneering International, Inc., producer of Subsea Pumping Technology
  • Saipem, producer of Offset Installation Equipment (OIE)
  • Schlumberger, producer of Concert well testing live performance
  • Schlumberger OneSubsea, producer of Vx Omni Subsea Multiphase Flowmeter
  • SIEMENS, producer of BlueVault™ Energy Storage
  • SIEMENS, producer of Subsea Power Grid
  • Stress Engineering Services, Inc., producer of Condition Based Maintenance of Drilling Riser Systems
  • TechnipFMC, producer of Subsea 2.0™ In-Line Compact Robotic Manifold
  • Van Beest B.V., producer of Green Pin Tycan® *
  • Weatherford, producer of TR1P™ Single-Trip Completion System
  • XSENS AS, producer of XACT™ Ultrasonic clamp-on Flowmeter *

*Small Business Award Distinction

Winning technologies were selected based on the following five key criteria:

  • New. The technology must have been offered to the marketplace in a ready-for-commercialization state less than two years prior to the application date.
  • Innovative. The technology must be original, groundbreaking, and capable of having a major impact on the offshore E&P industry.
  • Proven. The technology must be proven, either through full-scale application or successful prototype.
  • Broad Interest. The technology must interest and appeal to the industry.
  • Significant Impact. The technology must provide significant benefits exceeding existing technologies.

For a fifth year, OTC will also support and recognize the innovative technologies being developed by small businesses with the program’s Spotlight on Small Business Award. In addition to meeting the above criteria, a small business honoree must be independently-owned and operated or a not-for-profit concern and have no more than 300 employees for the 12 months preceding the application deadline.

“Each Spotlight on New Technology Award submission is reviewed and rated by several subject matter experts, providing a sound and fair scale” said OTC 2019 Board of Directors Chairman Wafik Beydoun. “This year more than 450 ratings were submitted, and the best of some incredible submissions were chosen. We are very proud, at this special Golden Anniversary of OTC, to present these 18 Spotlight on New Technology Award outstanding winners.  They are proof that the highway of the future in offshore development is being paved by innovations.”

View more information about the technologies on the awards page.

ABOUT OFFSHORE TECHNOLOGY CONFERENCE (OTC)

Celebrating 50 years since 1969, OTC is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. OTC’s flagship conference is held annually in Houston. OTC has expanded technically and globally with the Arctic Technology Conference, OTC Brasil, and OTC Asia. For more information, visit www.otcnet.org.

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