SANUWAVE wins first Canadian patent for use of shock waves in hydraulic fracturing for oil recovery.
M2 EQUITYBITES-September 16, 2016-SANUWAVE wins first Canadian patent for use of shock waves in hydraulic fracturing for oil recovery
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Shock wave technology company SANUWAVE Health (OTCBB:SNWV) reported on Thursday the receipt of patent from the Canadian Intellectual Property Office entitled "Apparatuses and Methods for Generating Shock Waves for Use in the Energy Industry" in hydraulic fracturing for oil recovery.
The company's first Canadian patent, which has been assigned the Canadian Pat. No. 2,909,661, includes 20 claims relating to the use of shock waves, generated with laser systems, for hydraulic fracturing of rock formations, which can be employed in both secondary and tertiary oil recovery. The patent expires in April 2034
This is the company's first patent in Canada and it is targeting one of the most important industrial activities in this country, which is oil exploitation. This patent introduces the use of high efficiency shock waves for secondary and tertiary oil exploitation.
According to the company, the claimed methods of the patent use shock waves generated via plasma bubbles created with laser emitters. Employing lasers for generating the shock waves offers a much longer useful life and lower required maintenance for the shock wave devices, which will be deployed deep inside the oil bores. The amount of water inside the bore necessary to allow shock waves propagation is substantially reduced when compared to fracking and should not be pressurized at all.
In conjunction, the low quantity and non-pressurized water that needs to be used with shock wave technology can address some of the main concerns generated by high pressure water fracking process as contamination of groundwater and possible earthquakes, concluded the company.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 16, 2016|
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