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ITF seeking proposals for new cost cutting and efficiency ideas

Technology proposals
The industry is known for being risk averse when it comes to trying out new tools, with companies often preferring to wait until multiple trials and deployments have been safely and successfully completed.

The search is on for proposals that can make a big impact in cutting costs and increasing efficiency in the oil and gas sector.

The Industry Technology Facilitator (ITF) is seeking proposals on innovations for its Technology Showcase 2016.

ITF chief executive Dr Patrick O’Brien, said: “The role of technology in addressing cost pressure challenges should not be underestimated; there are many examples where innovations have made marginal fields more profitable or delivered efficiencies to squeeze more life from older assets.

“The showcase provides the opportunity to hear directly from operators about their current challenges and needs and discover the solutions being engineered to directly target those problems.”

The event, held in collaboration with Oil & Gas UK, comprises both a conference and an exhibition on March 9, 2016 at the Aberdeen Exhibition & Conference Centre.

It has the support of a number of organisations including the Oil & Gas Authority along with global operators and service companies that are hosting technical sessions including Shell, Baker Hughes, TOTAL, AMEC, Centrica, EnQuest and GE Oil & Gas.

Oonagh Werngren Oil & Gas UK’s operations director, said: “In what continues to be a lower oil price world, it is vitally important that the oil and gas Industry demonstrates that it can address cost and efficiency through the development and implementation of both new and existing technology.

“The showcase is designed specifically to draw those innovators with bright ideas together with industry to address key challenges it faces in areas including drilling, ongoing operations and the decommissioning and abandonment of wells.

“With clear challenges in the room there is an opportunity for supply chain companies to offer their ideas and innovations in an effective way.”

Abstracts are being sought from technology developers addressing key focus areas: Technologies for Well Plugging and Abandonment; Well Construction and Drilling Automation; Asset Integrity, Reliability and Production Efficiency; Technologies for Marginal Developments and Small Pools

The morning plenary session on ‘technology’s role in transforming costs and increasing efficiency now’ will focus on North Sea infrastructure and current plans and the second session on ‘changing the technology paradigm’ will profile speakers from alternative industries sharing their wisdom and experiences.

Technology developers and academics interested in speaking at the event should submit an abstract by January 8.

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