Cutting-edge innovation from the north-east was put on show to oil majors in Aberdeen yesterday.
More than 300 decision-makers from operator and service companies attended ITF’s annual showcase to see the technology that could help extract future reserves in the North Sea.
Fifty organisations, from small businesses to universities, exhibited at the event, held at the Aberdeen Exhibition and Conference Centre.
Technologies on show ranged from subsea instrumentation and deepwater cables to well construction and asset integrity.
David Liddle, director of strategic technology at ITF, said: “Sharing knowledge and collaborating will help to conquer some of the unique challenges facing the industry in the North Sea and around the world.
“We’ve been impressed with the many local technology companies and those that travelled from as far afield as Malaysia and the US to be here.
“We will definitely be back next year with an even bigger showcase.”
Sandy Adamson, international sales manager at oil and gas remote well bore camera and video technology specialist EV, said: “We have generated a lot of positive leads, including someone looking for a specialised camera for a project in Scandinavia where EV is rapidly expanding.”
Bill Cattanach, head of industry and technology, oil and gas, at the Department of Energy and Climate Change, which supported the event, said: “In the last 40 years, 40billion barrels have been extracted (from the North Sea). Some say that was the easy 40billion and the rest will be more difficult.
“However, in reality few of those 40billion barrels were easy.
“The government sees a long-term future in the oil and gas industry and technology development is important to growing the economy.”
A not-for-profit organisation, ITF is owned by its operator and service company members including major oil firms, who help fund joint industry projects.
ITF has invested more than £60million in the funding of new technology developments from early-stage projects through to field trials and commercialisation and has launched more than 170 joint industry projects to date.