New member joins ITF ‘to tackle oil & gas industry challenges’

An oil industry trade organization, Industry Technology Facilitator (ITF), has welcomed Dassault Systèmes, a 3D design software and Product Lifecycle Management (PLM) solutions company, as a new member.

According to ITF’s press release on Monday, Dassault Systèmes saw an opportunity to transfer solution experiences into oil and gas from other industries, such as aerospace and automotive, to help the industry “transform its cost base and supply chain, and support sustainable growth”.

The organization noted that the French-based company with 14,000 employees offers solutions to a wide range of industries including oil and gas, providing a range of scientific solutions.

ITF’s members are oil and gas operators and service companies that have founded more than 200 global joint industry projects. The members collaborate in order to bring forth the latest technologies which will address challenges occurring in the oil and gas industry today, ITF explained.

James Rosenshine, industry executive for Oil & Gas at Dassault Systèmes said: “We see a significant opportunity through our membership with ITF in contributing towards the oil and gas industry’s bid to tackle efficiency problems that are hampering productivity. We believe a multi-industry approach to innovation and our unique digital platform can help accelerate research and development, and deliver rapid results across a more integrated and collaborative ecosystem.”

Patrick O’Brien, CEO of ITF added: “Crossing technologies over from other industries is a proven way to get solutions to market in a cost-effective and efficient way as can be seen from the success of drone technology from the military sector and robotics from medical and aerospace. We are extremely pleased to be welcoming Dassault Systèmes to our membership. In the current climate, the industry is ever more focused on technologies with rapid deployment potential that can reduce costs and ITF is actively seeking to diversify our membership to add more expertise from sectors with cross over potential.”

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