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Qteq and Wallis receive AUD 2.8M Government grant

Qteq and Wallis Drilling receive AUD 2.8M Government grant to accelerate development of oilfield technology into mining

Australian Government Department of Industry, Innovation and Science announced on 24 December 2018 that the joint venture between Qteq (The eQnomics Group Pty Ltd), Wallis Drilling Pty Ltd and the University of Western Australia (UWA) has been awarded a 3‑year grant from the Cooperative Research Centres Program (CRC-P) up to the value of AUD 2.8M.

Qteq, as the award recipients with Wallis and UWA as the JV partners, were awarded the grant for development of a real-time communications and downhole power generation system to be used with Qteq’s existing fleet of Measurement While Drilling (MWD) instruments.

Following the initial phase of the project, the JV will work on developing Logging While Drilling (LWD) tools that include Nuclear Magnetic Resonance (NMR) and Spectroscopy.

The completed project will deliver the ability to provide real-time assay and moisture content during the reverse circulation (RC) drilling process.

 

“The ability to acquire assay and moisture content whilst drilling will dramatically change the face of minerals drilling in Australia. The cost and time reduction to clients is significant, with miners no longer needing to wait months to get cutting samples analysed before they can make decisions. When combined with the Wallis Drilling 300RC Autonomous Rig, the industry takes a step closer to achieving the ability to remotely drill and assay holes, with staff being able to monitor and direct operations remotely. The mine of the future takes another step forward.” stated Chief Technology Officer, Dr Tim Hopper.

The Department of Industry, Innovation and Science’s CRC-P aims to improve the competitiveness, productivity and sustainability of Australian industries, especially where Australia has a competitive strength and in line with government priorities.

Whilst the Program wishes to foster high-quality research to solve industry-identified problems through industry‑led and outcome-focused collaborative research partnerships between industry entities and research organisations, it also aims to encourage and facilitate small and medium enterprise (SME) participation in collaborative research.

With the award of the grant the WA based JV will be looking to further promote the utilisation of high quality, high technology equipment in the mining industry which it hopes will further encourage WA’s highly skilled workforce to consider a career in this usually low-tech industry.

Qteq’s recently appointed Chief Executive Officer, Ewan Meldrum stated “The development of this new, advanced logging system will support Australia in becoming a world leader in the commercialisation of mining technology and services.”

About this Project: This project received grant funding from the Australian Government.

About Qteq: Qteq is a technology provider of innovative, integrated technical services and products to the georesources industry, across the oil and gas, groundwater, minerals and alternative energy sectors. Our aim is to pioneer technologies that improve production in the georesources industry, increase sustainability in the hydrology sector and provide a positive environmental outcome for our customers. Measure, Monitor, Manage, Mitigate.

 

About Wallis: Wallis Drilling is one of Australia’s largest privately-owned minerals drilling companies. Commencing operations in 1965, the company now employs 250+ staff and operates a fleet of over 55 drilling rigs.