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Acceleware wins emerging clean Technology Award at 2017 Global Petroleum Show

Friday, July 7, 2017

Acceleware Ltd. announced that it has won the 2017 Global Petroleum Show Award for Emerging Clean Technology.

Global Petroleum Show (GPS) hosts an annual awards process to recognize and celebrate leaders who drive change and evolution in the energy industry. Judging was completed by an independent panel of 20 industry experts. The award was announced at the Awards Breakfast held today at GPS 2017.

"Acceleware would like to thank the Global Petroleum Show and the awards panel for recognizing our work to change the economic and environmental reality of oil sands and heavy oil production, and we would also like to acknowledge the great work of our fellow nominees," said Mike Tourigny, VP Commercialization for RF Heating. "We believe our RF XL technology exemplifies the 'clean' in Clean Tech because it can create a clean social license for the responsible production of these assets, give operators a clean start to choose from new reserves that have not been viable to produce to date, and provide a clean slate to attract new capital investment to the industry by drastically reducing the capital and operating costs traditionally associated with oil sands and heavy oil production."

The patent-pending RF XL heating technology has the potential to save billions of dollars in oil sands production costs by reducing both capital and operating costs by at least 50 percent. RF XL offers immediate and significant improvements in GHG emissions, water use, land use, and does not require the use of solvents. As an electrically driven process, RF XL can eventually provide a clear pathway to zero GHG emissions production of heavy oil and oil sands.

Acceleware will be presenting "Suitability of Various Reservoirs for RF Heating" at the Global Petroleum Show during the Heavy Oil Sessions at Stampede Park, Hall C, Booth 1376 on Wednesday, June 14 at 11:00am MST.



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