New R&D grants expand the future of microhole technology

In January, the US Department of Energy announced new grants for 10 microhole technology projects to be managed by the Office of Fossil Energy's National Energy Technology Laboratory (NETL).Total value of the projects is nearly $14.5 million, with the DOE providing $7.7 million and industry partners contributing $6.8 million. The petroleum industry will assume about 47% of the cost, demonstrating its strong commitment to these advanced technologies and suggesting strong future support for their commercialization and adoption.Geoprober Drilling Inc., Houston. This project calls for drilling three wells with an innovative composite coiled-tubing drilling system. The aim is to confirm th...

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