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WELLGENETICS SIGNED

Disruptive tracer technology based on synthetic DNA to map subterranean resources

Total Cost €

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EC-Contrib. €

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Partnership

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 WELLGENETICS project word cloud

Explore the words cloud of the WELLGENETICS project. It provides you a very rough idea of what is the project "WELLGENETICS" about.

tracer    tap    synthetic    job    received    detection    resilient    first    clean    billions    well    investments    founded    environments    geothermal    withstand    specialists    strategic    avoiding    water    underground    2012    lies    locations    store    feasible    exploration    coatings    operators    oil    track    additional    tested    critical    sales    genetics    50    times    feasibility    abundant    millionaire    successful    extraction    fact    dna    sustainable    constant    volcanic    demonstrated    combinations    map    temperatures    joint    stored    industry    flows    team    encapsulated    heat    sequences    trigger    customers    tracers    commercialization    pioneers    industries    reservoirs    euros    wells    million    rock    parties    energy    mix    subsurface    limit    cheap    earth    25    polymer    craftiness    norway    layers    trial    renewable    limited    mimic    nature    thousands    source    industrial    conveyed    sustainability    monitoring    fractures    advantage    benefits    travel    record    subterranean   

Project "WELLGENETICS" data sheet

The following table provides information about the project.

Coordinator
WELL GENETICS AS 

Organization address
address: PIER X BRYGGEGATA 3
city: OSLO
postcode: 250
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Project website https://www.linkedin.com/company/well-genetics
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-05-01   to  2018-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    WELL GENETICS AS NO (OSLO) coordinator 50˙000.00

Map

 Project objective

Well Genetics was founded in 2012 in Norway by a joint team of pioneers in the use of DNA as industrial tracer and specialists with over 25 year’s track of record in monitoring of underground reservoirs. Well Genetics’ DNA tracers are composed of synthetic DNA sequences encapsulated within polymer coatings. These tracers travel along underground reservoirs and fractures and enable operators to map subsurface water and oil flows. With our tracers, we mimic nature’s craftiness to store information. We can deliver billions of unique DNA tracer combinations with a detection limit that is thousands of times less than for currently used tracers, at a 50% cost reduction of an average tracer job. Given that in underground environments, information is key to trigger millionaire investments, our DNA tracers represent a strategic value for the exploration and production of oil and geothermal energy industries, with potential benefits for our customers in the million euros range.

Moreover, we contribute to the sustainability of the energy mix. The understanding of underground flows enables more sustainable oil extraction avoiding additional wells and, makes renewable geothermal energy production feasible in locations other than limited volcanic areas. In fact, the future of geothermal energy lies in take advantage of the heat stored in the subterranean rock layers of the Earth, the information conveyed by our DNA tracers critical to tap into this clean, cheap, constant and abundant renewable energy source.

Third parties have tested the DNA tracers to ensure they are resilient enough to withstand high temperatures and conditions of reservoirs and we have received high interest from the industry. Now, successful commercialization requires demonstrated field results. Through the feasibility study phase, we will establish the conditions of the first field trial, that will trigger sales of the product.

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The information about "WELLGENETICS" are provided by the European Opendata Portal: CORDIS opendata.

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