The award recognises the application of technical innovation in the area of well intervention, with entrants being judged by the ICoTA European Chapter Committee.

The judging guidelines comprise three main criteria: technology, application and value to industry and is open to service companies and operators, which have developed technology within Europe across the past 18 months.

The deadline for entries is September 23, 2013. Finalists will be required to deliver a short presentation to judges on October 31, 2013 at the Marcliffe Hotel, Aberdeen.

The winner will be announced at the coveted 19th SPE ICoTA European Well Intervention Conference in Aberdeen’s AECC on November 13 and 14, 2013. The successful finalist will receive a trophy and a small award.

ICoTA Europe chairman, Michael Taggart, said: “This award gives organisations the opportunity to showcase their products and knowledge in well intervention, an increasingly important sector within the North Sea. The award is unique in not only recognising new technology development but also understanding the application of existing technology to solve challenges in an innovative way.”

“The annual conference also encourages and promotes ICoTA’s main aims, giving the industry an opportunity to gather and network, sharing expertise, experience and know-how.”