The Oil and Gas Technology Centre launches £2m fund for digital and decommissioning innovation

Written by Jenni Davidson on 20 December 2017 in News

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.”

The deadline for the digital challenge is 26 January, while the decommissioning challenge closes on 16 February.



Related Articles

The moral case for divestment from fossil fuels is far from clear cut
22 February 2018

Professor Robert Ellam discusses climate change and calls for universities to divest from fossil fuels

What does Brexit mean for the fishing industry?
21 March 2018

Eurosceptics and fishing groups have expressed anger at the UK Government's approach to Brexit, but what will leaving the CFP mean for the industry?

Related Sponsored Articles

Associate feature: Who keeps your organisation secure?
19 February 2018

BT's Amy Lemberger argues that having the right security in place to protect your organisation is no longer just an option. It is a necessity.

Associate feature: 5 ways IoT is transforming the public sector
5 February 2018

Vodafone explores some of the ways IoT is significantly improving public sector service delivery

How to quantify cyber risk
15 March 2018

BT's Malcolm Stokes explains how organisations can attribute accurate figures to cyber risks in order to make a viable business case.

Share this page