OTC Spotlight on New Technology Awards: Innovations focus on reliability

In subsea technology, the operative word is reliability. A common theme in this year’s OTC Spotlight on New Technology winners is dependable operation under harsh subsea conditions. Technologies run the gamut from seismics to drilling and completions, to testing and inspection, to platform abandonment and decommissioning. Winning companies range from international technology giants to small and highly specialized firms. This year, OTC created a new Small Business Award to recognize innovations by companies with 300 or fewer employees.   The Baker Hughes MultiNode all-electric, intelligent well system is a remote-controlled, electric system that allows the user to monitor and precisely control an extended number of production zones—without intervention—all at a lower cost compared to other solutions.

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