Sep. 11, 2018 / PRZen / GOLDEN, Colo. — The Colorado Cleantech Industries Association (CCIA) announced Modern Wellbore Solutions, Avivid Water Technology, Cold Bore Technology, and Direct-C the top presenters of the 2018 Oil & Gas Cleantech Challenge (OGCC) and Modern Wellbore Solutions as the winner of the $5,000 grand prize.

Managed in partnership with BP Lower 48, Noble Energy and ConocoPhillips, the OGCC assists the extractive energy industry in identifying new technologies to make energy development safer, cleaner and more environmentally responsible. Following an international call for applications, the partners selected 10 companies, five from the U.S. and five from Canada to present to investors and decision-makers from the oil and natural gas ecosystem.

The top four presenters of CCIA’s 2018 Oil & Gas Cleantech Challenge were:

Modern Wellbore Solutions – Winner of the $5,000 grand prize, Modern’s stackable, full-bore, fracture treatment pressure rated Multilateral Junction Tool allows access to multiple reservoirs or pay zones from one motherboard, gaining more production while lowering costs during an interventionless completion.

Avivid Water Technology – Avivid is dedicated to enhancing the world’s water resources, using advanced technologies, that reduce or eliminate the need for chemicals to purify water.

Cold Bore Technology – Cold Bore’s SmartPAD is the world’s first ECR (Electronic Completions Recorder) which is providing completion operations of the future, today.

Direct-C – Direct-C provides certainty and reliability in 24/7 leak detection monitoring for liquid hydrocarbons &/or produced water, completely free of false positives; when an alert is received, immediate actions can be taken to mitigate the leak and its impact.

“Industry executives and sponsors were extremely impressed with the presentations and how well the teams addressed the challenges posed,” said Shelly Curtiss, CCIA’s executive director. “Each year the technologies are further along in development and deployment and it becomes harder and harder to select a winner. We truly appreciate the partnerships that make this program possible and we look forward to planning a robust 2019 Challenge.”

Companies applying for the OGCC were asked to provide novel technologies capable of working on issues related to unmanned aerial vehicles, digital oilfield, items to reduce truck traffic, blockchain, space-saving items to reduce footprint, plant or biological solutions, air, water, remote/distributed power, power management, advanced materials and chemicals. Companies selected to present on September 6 included

• Aimsio

• Avivid Water Technology, LLC

• Cold Bore Technology

• Direct-C

• LongPath Technologies, Inc.

• Modern Wellbore Solutions, Ltc.

• Osprey Informatics

• Raven SR

• Transworld

• Vesmir Inc. (PetroDE)

In addition to industry partners, the 2018 OGCC was supported by Wells Fargo Foundation, Consulate General of Canada in Denver, Colorado Energy Office, Altira, Perkins Coie, Rocky Mountain Institute, and Metro Denver Economic Development Corporation. For more information about the OGCC, please visit www.coloradocleantech.com/oilgaschallenge/

About CCIA

Founded in 2008, Colorado Cleantech Industries Association (CCIA) is a statewide organization dedicated to promoting Colorado’s cleantech industries. CCIA impacts Colorado’s policies, people, products and programs that drive the expansion of a cleaner, cheaper, more efficient and secure energy economy. Through advocacy, public policy leadership, development, and education, CCIA works to ensure that Colorado is a global cleantech leader. For more information about CCIA, visit www.coloradocleantech.com.

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