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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.

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

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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