Spatial Energy announces its first Remote Sensing Energy Challenge for the Oil and Gas Industry
DEADLINE EXTENDED UNTIL JUNE 15, 2012!
No Purchase Necessary-Void Where Prohibited by Law
Spatial Energy is pleased to announce a new Remote Sensing Energy Challenge open to the commercial and student community to identify new remote sensing technologies with the potential to assist oil and gas companies in meeting the increasing demand for energy.
With $10,000 in total awards for winners in two categories - commercial and student - the goal of the challenge is to identify remote sensing products, sensors, software or processing methods that will support oil and gas companies working to meet the increasingly challenging demand for energy.
Contest entries can also be a new platform or sensor that is relevant to the industry, but the entry must be relevant to the work of oil and gas companies and have commercial potential. In addition to the cash prizes, winning entries will earn the possibility of working with Spatial Energy to commercialize their entry.
Winning entries, judged by professionals from Oil and Gas companies, will receive a cash prize and the opportunity to work with Spatial Energy to commercialize their entry. The Commercial cash prize is $7,500 and the Student cash prize is $2,500.
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.
Please send all proposals to firstname.lastname@example.org.
What are the Judges Looking For?
You may have an idea that you think is relevant to oil and gas, or has been used in another industry, but hasn't been used by Oil and Gas companies before. Whether you have developed a new platform or sensor, have written new software, found a new way of processing remote sensing data, or have a product that answers challenges of the energy industry.
Your entry may fall into one of the following categories, and must be of commercial relevance to the Oil and Gas business.
- Exploration - finding new sources of conventional or unconventional oil and gas, for example, mapping surface geology and extrapolating to the subsurface, detecting surface hydrocarbons, or identifying the presence of a reservoir using remote sensing methods.
- Seismic and Non-seismic survey - increasing the quality of survey data, or the efficiency of surveys, for example predicting seismic survey quality, or identifying hazards. Other innovations in this area may apply to seismic surveys in the transition zone between the marine and onshore, or mitigating the risk of flooding through mapping or prediction.
- Engineering - identifying well pad locations, optimizing construction activity and reducing costs. For example, measuring terrain and locating roads and well pads to minimize excavation and construction activity, or estimating river dredging volumes.
- Environmental - managing and minimizing the footprint of oil and gas activity, baseline mapping and quantifying changes in the natural and human environments. For example, monitoring the integrity of pipeline corridors, mapping or identifying changes from radar in cloudy regions, or supporting onshore and offshore activity in arctic environments.
Judging and Evaluation Criteria
The judging panel will consist of professionals from global energy companies and the management team of Spatial Energy.
You may only submit your own work. Entries may include products or software that have been developed specifically to meet the needs of the oil and gas industry, or they have been developed for another application but could benefit the industry. You should state the benefits to the industry in your entry.
Evaluation criteria will include:
- Relevance to the challenges of oil and gas companies
- Advantages, compared to existing solutions
- Technological feasibility of the idea
- Potential for commercialization
Representations and Rights
By submitting an entry, you represent that you own all rights in the ideas or concepts submitted and that your participation will not violate any rights of your employer, research institution or any other third parties. Also, by submitting an entry, you grant to Spatial Energy a non-exclusive, royalty-free right to use any ideas or concepts incorporated in your entry and agree not to make any claims that any future Spatial Energy products or services infringe any rights in such ideas and concepts. Spatial Energy shall have the option (by written notice to you) to use, further develop, commercialize, distribute, and transfer such rights and any products or services incorporating any such ideas or concepts on reasonable terms and conditions.
By submitting an entry, you agree to indemnify Spatial Energy from any claims by any third parties (including infringement claims) relating to your entry.
Each winner will be responsible for all federal, state, and local taxes.
All issues concerning the terms and conditions of this challenge shall be subject to Colorado law and all disputes relating to the challenge shall be subject to the exclusive jurisdiction and venue of the Colorado District Court for Boulder County, Colorado.
Each completed entry must specifically accept these terms and conditions for this Challenge.
Completed entries should consist of an illustrated summary report of not more than six pages, plus maps or images, no later than May 15th, 2012.
The judging panel will shortlist up to three entries from the commercial category for presentation at Spatial Energy's annual Customer Summit in Boulder, Colorado, on August 9-10, 2012, where the winner of each category will be announced. The winner of the student category will also be invited to present their winning submission. Your travel will be supported by Spatial Energy.
Please send all inquiries and proposals to email@example.com.