TOP priorities for oil and gas technology investment in 2012 were agreed at an international gathering of ITF members in Aberdeen.
More than 80 senior oil and gas figures travelled from the Middle East, US, Asia-Pacific and across Europe for the technology facilitator’s annual technology conference to agree the issues that they want tackled next year.
Neil Poxon, managing director of ITF said the findings would be of huge interest to technology companies and universities as the challenge was for them to come forward with the groundbreaking solutions that address these industry-wide issues.
Around £9million is expected to be invested in ITF’s joint industry projects next year.
He said: “A high number of innovative technologies have been implemented into the field as a direct result of ITF members collaborating on funding and we want to see even more industry projects launched next year.
“This presents a major opportunity for any company inventing new technologies to receive up to 100% funding whilst retaining their intellectual property rights.”
Discussions at the Aberdeen event identified strong support for five key priorities to be taken forward by ITF in 2012: unconventional reservoir characterisation; unconventional tight gas productivity stimulation; subsea power; subsea produced water separation clean up for re-injection or disposal direct to the ocean; and nanotechnology for maximising recovery.