The University of Kansas and ConocoPhillips this week announced a three-year collaborative nanotechnology research program focused on developing new technologies for oil Field stimulation. ConocoPhillips will contribute $400,000 per year to the new program.
"The energy industry hopes nanosensors can better find pockets of unrecovered oil in depleted reservoirs, and nanoparticles may lead to more efficient recovery," writes The Houston Business Journal's Ford Gunter. "The University of Kansas recently established a strong nanotechnology research program, but has been involved in enhanced oil recovery since the 1970s. University researchers will develop and test polymers using nanotechnology, then hand them over to ConocoPhillips for field testing."
More here from RTTNews ... and the press release is here.
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