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NEWS & INSIGHTS | article

Ideas flow in for Small Pools and Asset Integrity

01 August 2017
Our latest Calls for Ideas generated almost 60 potential solutions to help reduce oil and gas industry costs and maximise economic recovery.

We received 30 technology concepts which could transform the subsea development life-cycle approach and make marginal fields in the UKCS economically viable, and 29 innovative robotics ideas to enhance the quality and lower the cost of pressure vessel and tank inspections.

Each call has c.£1 million to invest and the ideas will now be reviewed by their respective panels of industry experts and academia, with feedback provided to those who entered by the end of August.

A select group of ideas will then progress to the ‘develop’ stage, where the innovators will work with the Oil & Gas Technology Centre to further review, discuss and develop their idea. Ideas that are fully developed and viewed as suitable for deployment are then reviewed with industry partners to enable final investment decisions and project sanction.

The next Calls for Ideas will take place in Q3/Q4 2017.

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