Entries sought to assist oil and gas companies in meeting the increasing demand for energy and reduce environmental impact
Boulder, Colo., USA, 2 February 2012 – Spatial Energy, the leading source of digital imagery, content hosting and information solutions for the energy industry, today announced the inaugural Remote Sensing Energy Challenge. With $10,000 in total awards for winners in two categories – commercial and student – the competition seeks to identify new remote sensing technologies with the potential to assist oil and gas companies in meeting the increasing demand for energy.
“We’re looking for remote sensing products, sensors, software and image processing methods – even concepts for revolutionary aerial or satellite platforms,” said Spatial Energy CEO Bud Pope. “The ideas must be new and have the potential for commercial application by energy companies.”
Remote Sensing Energy Challenge submissions should pertain to one of four key energy application areas:
• Exploration – finding new sources of conventional or unconventional hydrocarbons
• Seismic/Non-Seismic Surveys – improving the quality and/or efficiency, and minimizing risk, of seismic work
• Engineering – optimizing activities related to exploration and production
• Environmental – minimizing footprint of oil and gas activities
A panel of judges from Spatial Energy and other global energy companies will evaluate the entries based primarily on the potential benefits offered to the oil and gas industry. Other important judging criteria include relevance to current oil and gas challenges, advantage over existing solutions, technological feasibility, and commercial potential.
“Our goal in sponsoring the Remote Sensing Energy Challenge is to commercialize new ways of finding and developing energy resources that are faster, less expensive and more environmentally friendly,” said Pope. “We plan to make this an annual competition.”
The deadline for entry is May 15, 2012. Submissions should include illustrated summary reports no longer than six pages, plus supporting maps and images. Students needing test imagery may request it from Spatial Energy by March 15, 2012 by sending requests to energychallenge@spatialenergy.com.
Submissions must be original to the entrant, but may include products or solutions developed for other industries and customized for oil and gas applications. Visit www.spatialenergychallenge.com for details.
Awards will be announced August 9-10, 2012 at the annual Spatial Energy Customer Summit in Boulder, Colorado. The winning entry from a commercial organization, including consultants and research institutions, will receive $7,500. The award for the winning undergraduate or postgraduate research student submission will be $2,500.
About Spatial Energy
Spatial Energy is committed to providing the best value for energy-specific imagery, imagery solutions and online enterprise imagery and data management services for oil and gas companies operating globally. Imagery is available on demand from our data archives, by tasking satellites and aerial providers, by speculative collection and by hosting corporate imagery. Our Enterprise Remote Sensing Solutions (ES2) provides one source for a full range of remote sensing services developed by energy industry experts. Simplified contracting and pricing is guaranteed for any of our services, along with global service delivered 24/7 and fast, online access and storage of solution results. Our data is tailored for use with Geologic, Geophysics and other popular Energy specific desktop applications. We offer subscription programs such as the Spatial Energy Partner Program (EPP), BasinWatch and Spatial on Demand (www.spatialondemand.com) to provide simplified, cost effective access to acquiring and managing imagery and related services as a corporate asset. Visit www.spatialenergy.com.