GLOBAL operators and service companies will gather in Aberdeen this week to discuss the oil industry’s most-pressing technology challenges.
Members of ITF – the oil and gas industry technology facilitator – will attend the annual technology conference tomorrow and on Wednesday.
The event will also be attended by representatives from the Department of Energy, the Technology Strategy Board and Scottish Enterprise.
ITF has its highest membership to date, with 27 operator and service companies.
The not-for-profit organisation is tasked with driving innovative solutions to support technology development and implementation through joint industry projects funded by its members. ITF has already brought 151 new technologies to market and secured more than £50million investment from its member companies.
Neil Poxon, managing director of ITF said: “Technology development is a growing priority for the oil industry and we expect there will be serious debate about exactly what those most important challenges are for 2011.
“An impressive portfolio of oil organisations will be attending, along with key industry bodies and government, and the conference provides a platform for frank discussion about the role new technologies have in safely extracting remaining resources and locating new fields. We will also be reviewing the big successes of the year and exciting new projects under development.”
ITF will also launch its business plan, detailing ambitions for future membership growth and building its network of technology developers.
Mr Poxon added: “Our strategy for 2011 will continue to have a strong international focus and we will be targeting key regions such as the US, Middle East and Asia Pacific in order to continue to grow our portfolio of members.
“The oil and gas community recognises that our collaborative approach to funding technology development brings significant cost savings and helps to ensure the success of new game-changing technologies.”