An oil industry trade organization, the Industry Technology Facilitator (ITF), has issued an open call for proposals for ‘close-to-market’ technologies that can offer innovation in activities across the entire spectrum of oil and gas operations.
ITF said on Thursday that this open call is a way for developers to put forward innovative solutions from a wider range of oil and gas activities.
The organization said that the proposals should be capable of addressing specific issues and must outline the steps to be taken for the technology to become field qualified within 18 months.
The trade organization also said that proposals will initially be reviewed by ITF and may subsequently be considered for funding by ITF members. The invitation is open to qualified organizations, with successful applicants having the opportunity to lead their joint industry project (JIP) with support, funding, and participation provided by influential members of the ITF.
As part of a wider strategy to help further accelerate new technology deployment, ITF developed its Technology Innovation Network to activate the engagement between innovators and the end user.
Patrick O’Brien, CEO of ITF, said: “The uptake of technology by the global oil and gas industry has been increasing at a significant pace over the last decade. The industry continues to believe that there are opportunities for innovation within all segments and disciplines of the sector.
“This open call has been designed to grant developers the freedom to submit ideas for projects that fall outwith our Rolling Technology Programme. It is essential we accelerate the deployment of emerging technologies with a clear business case and compelling cost reduction proposition. These technologies exist and ITF is providing a critical facilitation role to get these relevant technologies implemented quickly.”
According to ITF, developers must submit an abstract of up to 300 words to note their interest by Friday, September 16.