The oil industry is struggling to come up with new technology these days in an attempt to cut costs considering the low price of oil. Here is one technique that may gain favour with the industry according to Oilprice.com
Shockwaves may be used to assist with fracking. Shockwaves can be used to initiate fractures in the shale reservoirs that are present in the depth of 1000-1500 meters. Super Wave Technology (SWTPL), a company based in India, is currently researching this technology and has entered into a memorandum of understanding with India’s Oil and Natural Gas Corporation Limited. If the consortium succeeds in developing the shockwave assisted fracking technology, then it could become a better and economical alternative to the conventional hydraulic fracturing.
Shockwave assisted fracking technology could be a game changer for the oil and gas industry as it eliminates the use of water completely.