ITF, the global technology facilitator, has identified its key technology challenges for 2013 and is urging the industry to work together to solve the most pertinent issues.
ITF will be exhibiting at Subsea 2013, which is taking place at the AECC in Aberdeen on the 6 and 7 February. The event will allow the group to showcase its latest key technology issues covering subsurface, production, subsea and wells.
The group, which held its fifth annual Technology Showcase event in November last year, has been at the forefront of oil and gas innovation since it was founded in 1999. Members are responsible for debating the issues affecting the industry and selecting the most pressing to develop through ITF’s global technology programme.
ITF and its members have identified a number of strategic challenges including unconventional reservoir characterisation, shale and tight gas stimulation, sub basalt imaging and seismic while drilling with borehole sources.
ITF recognises that demand for cutting-edge technology crosses the world’s boundaries but often the most difficult part is taking ideas forward, following them through and implementing technological advances in the field. The organisation has been the launch pad for a myriad of successful technologies to the oil and gas sector.
Following comprehensive feedback from ITF’s members, challenges affecting production and subsea include annulus management, effective subsea processing, cost effective subsea monitoring, increasing reliability of electric submersible pumps and affordable sour developments. Issues affecting particular global regions have also been highlighted, namely produced water management in the Gulf Cooperation Council (GCC) and forecasting tropical cyclones and hydrodynamic modelling for oil spill response in Western Australia. ITF is also highlighting issues affecting downhole pressure and temperature monitoring in wells.
Each challenge will be progressed through ITF’s proven collaborative process, with calls for proposals being issued globally to invite developers and innovators to put forward their technical solutions which, if successful, can receive up to 100% funding.
ITF Executive Chairman Max Rowe said the collaborative space has got bigger: “What I see now is that even in areas of competition you can collaborate and retain competitive advantage, through the integration and understanding of a particular innovation or technology into overall processes. I am seeing several of the major operators and service companies acknowledging that there is still room to collaborate in competitive areas and I think that’s quite a significant change.
“We’ve got to use more technology and innovation to access scarce resources and use enhanced oil recovery to get more out of existing fields. Both of which can be achieved through collaborative R&D.”
The newly appointed CEO, Paddy O’Brien will take up his position in April and will drive forward ITF’s collaborative model and strengthen the group’s global footprint in key areas such as Europe, Middle East, Australia and South America.
ITF, the technology facilitator for the global oil and gas industry, is a not-for-profit organisation owned by 29 international oil and gas operator and service companies. It is the only global collaborative R&D funding programme operating across continents. Since its formation in 1999, the organisation has facilitated the launch of almost 200 joint industry projects (JIPs) from early stage projects through to field trials and commercialisation. It aims to secure a further £50 million for technologies by 2015.
For more information on ITF, visit: www.itfenergy.com.
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