Who deserves the IOR prize?
16/01/2018 Do you know of anyone who deserves the Norwegian Petroleum Directorate's prize for improved recovery – the IOR prize for 2018?
The IOR prize is a recognition of creativity, steadfastness and willingness to take risks when it comes to using methods and technology that could improve oil and gas recovery beyond what can be expected with existing plans and methods.
“The courage to use new technology has made a huge impact. Since the beginning of the oil activities, the Norwegian shelf has been a laboratory for testing new solutions,” says Director General Bente Nyland.
She points out that we tend to forget that it is often seemingly small components that can make a difference, in contrast to the more spectacular.
"Technological innovations can help us develop more discoveries – but also to extract even more oil from fields that are operational."
The deadline for nominating candidates was 1 March.
Award ceremony at ONS 2018
The prize will be awarded during ONS 2018 in the congress hall on 28 August. Director General Bente Nyland will present the prize.
A new development this year is that the finalists will have the opportunity to present their nominations at one of the technical seminars directly before the award ceremony.
The finalists will also have an in-depth presentation on the NPD's website npd.no and on ons.no before the award ceremony.
Award criteria
The prize can be awarded to production licences, companies, projects or individuals that are expected to create added value on the Norwegian continental shelf through innovative work related to improved recovery.
The following items will be emphasised:
- Implementation of new technology or established technology used in a new way
- Smarter work methods and processes
- Maturity of the project
- Willingness to take risk, daring and boldness
- Excellent research
The NPD's IOR prize was awarded for the first time in 1998.
Read more about previous prize winners >>
Winner of the IOR-prize 2016: The licensees of the Åsgard field in the Norwegian Sea
for their subsea wet gas compressor.
Photo: Øyvind Hagen, Statoil
Updated: 18/11/2020