The federal government has announced $1.1 million in funding for a clean technology innovation aimed at enhancing environmental and safety measures in oil and gas recovery.
Through Western Economic Diversification Canada and the Western Innovation Initiative, Intelligent Wellhead Systems will receive the money to scale up manufacturing of the inVision Intervention System product lines which are installed at on- and-offshore critical well intervention operations.
Officials say the inVision technology enhances the on-site safety of operators and helps protect the surrounding environment as well. Described as a wellhead or blowout preventer component that integrates into most high-risk, large asset operation configurations, the technology uses big data to measure efficiencies and reduce greenhouse gas emissions.
As the only company offering this type of service, officials say Intelligent Wellhead Systems is seeing a rapid adoption of this new technology by the global oil and gas industry.
In a release, the Honourable Navdeep Bains, Minister of Innovation Science and Economic Development and Minister responsible for Western Economic Diversification Canada, says the government is committed to fostering innovation.
“Through its work, Intelligent Wellhead Systems is helping build our country’s reputation as a responsible developer of natural resources. The Government of Canada is proud to support the development of clean technologies that promote sustainable development, address environmental issues and bolster our commitment to creating opportunities for a highly skilled workforce.”
“The timely support from Western Economic Diversification Canada has enabled us to build out our inventory of a truly disruptive technology that positively impacts our planet and people and reaffirms Canada’s position as an innovation leader on the world energy stage,” added Mitchell Carlson, CEO, Intelligent Wellhead Systems Inc.
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