ABERDEEN, UK – ITF members have set the top priorities for investment in 2012. The International Technology Facilitator also said it expects to invest £9 million ($14 million) in joint industry projects next year.
Eighty representatives of the funding organizations attended the ITF Annual Technology Conference (ATC) to develop the list of targets.
The ATC identified support for five priorities to be taken forward by ITF in 2012, these include:
• Subsea power
• Subsea produced water separation clean up for reinjection or disposal direct to the ocean
• Nanotechnology for maximizing recovery
• Unconventional reservoir characterization
• Unconventional tight gas productivity stimulation
Other key challenges also identified include: High-temperature/high-pressure electronics and downhole pressure and temperature monitoring.
A number of calls for proposals have been issued this year with applications still being sought for well intervention solutions and subsea technologies solutions which both close on Thursday, Oct. 13.
ITF’s members are Aramco Services Co., BG Group, BP, Chevron, ConocoPhillips, DONG Energy, Eni, EnQuest, GE Oil & Gas, KOC, Maersk Oil, Marathon Oil, Nexen, Petronas, Premier Oil, Schlumberger, Shell, Statoil, Technip, TOTAL, Tullow Oil, Weatherford, Wintershall, Wood Group, PSN, and Woodside.