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NEWS & INSIGHTS | article

Technology Forum helps unlock future oil and gas developments

22 August 2017
The Oil and Gas Authority (OGA) and the Oil & Gas Technology Centre (OGTC) today joined forces to host an industry event that highlighted how technology can advance and significantly lower the life-cycle cost of North Sea field developments.

The Technology Forum, held at the Aberdeen Exhibition and Conference Centre (AECC), focused on unlocking the UK’s remaining resources, particularly the future oil and gas developments being offered in the recently launched 30th Offshore Licensing Round.

The booked-out event brought together operators, prospective investors and technology developers to meet and share knowledge on the latest developments in seismic, well construction, subsea tie-backs and standalone facilities.

More than 300 people attended keynote presentation sessions and participated in the discussion and networking .

Click here to access the presentations download page.

This included over 35 exhibitors from SMEs to major service providers including PGS, Baker Hughes, a GE company, Amplus and Western Geco, showcasing innovative solutions, expertise and insights in the technology arena.

The audience heard from the OGA regarding the acreage and the opportunities available in the 30th Licensing Round. The OGTC discussed its ongoing projects and the opportunities to fund and support the development and deployment of new technology for the North Sea.

Gunther Newcombe, OGA Operations Director, said:

“It’s great to see so many people here today which clearly demonstrates the high interest and importance of the role that technology plays in assisting exploration and field development.

“The 30th Licensing Round offers companies a significant opportunity to take a fresh look at large areas of acreage, some of which has not been available since 1965. The OGA is supporting this with a massive suite of new data packs to help companies build their portfolios.”

Chris Pearson, OGTC Small Pools Solution Centre Manager, said:

“This is another first for the OGA and OGTC. We are working collaboratively with an innovative and supportive group of companies to make the license round a success.

“The showcase event highlighted how technology solutions can significantly lower the entire life-cycle cost for UKCS field developments. We can be both incremental and disruptive in our approach to how we deploy the solutions. This approach can make this stable and mature basin an attractive investment opportunity.”

21 Live Projects

In partnership with Infinity Oilfield Services, we’re developing a safety solution which could save UK North Sea operators up to £320 million. The device, which includes Kevlar, would contain corroded valve equipment to eliminate the risk of an uncontrolled hydrocarbon release, improving safety performance and potentially extending asset life.

We’re supporting Raptor Oil to transform the transmission of downhole drilling data to the surface. The company’s acoustic telemetry technology could increase the speed and capacity of data communication helping to drive efficiency, reduce costs and enable better decision-making.

(Right: The drill stem testing version of Raptor Oil’s advanced acoustic downhole modem tool)

We’re working with Interwell P&A and a host of major North Sea operators to field-trial a ground-breaking concept for well abandonment, which could save the industry more than £100 million per year. The wireline-deployed tool, which aims to be deployed without a rig, generates downhole temperatures of up to 3,000 degrees Celsius to melt all well elements and create a permanent, impermeable barrier, without the need to remove any downhole tubulars.

We’re helping Apollo and LifeTech provide digital applications for offshore teams, by developing a tablet-based, software solution for integrity management. It delivers integrity data and decision-making across the full lifecycle of an asset, allowing for quicker and more accurate data gathering and reporting, creating a potential 20% efficiency gain.

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