The Oil and Gas Technology Centre launches £2m fund for digital and decommissioning innovation
The centre has set two challenges to encourage technological innovation
Oil rig - Image credit: Steven Straiton via Flickr
The Oil and Gas Technology Centre in Aberdeen has launched a £2m fund to support innovation in digital technology and decommissioning for the sector.
The centre has launched a ‘call for ideas’ centred around two challenges, each supported by up to £1m.
The first challenge seeks new digital analytics approaches, such as machine learning, that can quickly organise, screen and assess data from oil and gas wells.
It suggests that better use of the data, which often held in different formats and of variable quality, could lead to new discoveries, help extend field life and maximise economic recovery.
The second challenge is looking for “integrated, modular, environmentally friendly and cost-effective life support solutions” – the power and utilities that are needed during decommissioning – that will create more flexibility around when facilities are decommissioned.
Regarding the digital challenge, Digital Transformation Solutions Centre adviser Steve Roberts said: “We believe that sophisticated analytics techniques, such as machine learning, could help identify remaining oil and gas accumulations and consequently impact the extent of life of nearby fields and maximise economic recovery in an area.”
Petrochemical company Ineos this week announced it had applied for the decision to ban fracking in Scotland to go to a judicial review
Growth of renewables, improvements in energy efficiency in housing and more environmentally friendly government policies have all helped drive down greenhouse gas emissions generated by...
The energy strategy includes a £20m Energy Investment Fund and a £60m Low Carbon Innovation Fund to boost renewable and low carbon infrastructure
Environmental campaigners welcomed plans for £340m in capital funding for the National Investment Bank, while urging ministers to ensure it helps develop Scotland’s low carbon...