The planet’s depleting natural resources are an increasing cause for concern, with demand for fossil fuels only likely to intensify. In the face of growing demand and declining production from existing wells, producers of oil and gas are facing a number of challenges. The question is, can anything be done to help?
AkzoNobel is a major supplier to various sectors of the oil and gas industry and our Functional Chemicals business recently developed breakthrough technology in the field of well stimulation, a process which has actually been around for more than 100 years. It involves using chemicals to open up micro-fractures in the rock (that have become clogged with minerals and sediments) and this allows more oil and gas to flow through.
Conventional technologies currently use highly corrosive chemicals that can damage the well installation and surrounding rock formations. With oil and gas wells getting, deeper, hotter and closer to urban centers, they also no longer meet the requirements of regulatory bodies. So we’ve developed Dissolvine StimWell, a bio-based, non-hazardous stimulation solution which combines all the advantages of existing technologies while avoiding their disadvantages.
Based on one of the company’s new generation molecules, the product has been widely acknowledged for its readily biodegradable nature, its low corrosion potential and its excellent environmental profile. It can also be used in places that are hard to get to, such as wells that are hotter and deeper than average and for which no stimulation options are currently available.
“There is nothing on the market that comes close to it,” says Professor Hisham Nasr-El-Din from Texas A&M University, a world renowned authority on oilfield stimulation. “It’s the best chemical to use in the industry, especially at expensive well installations and with materials that are now becoming the norm. And it’s environmentally-friendly.” Also crucial to AkzoNobel is the fact that it underlines what can be achieved if you work closely with customers and understand their needs.