Lloyd's Register Energy Steps Up Activities to Engage Industry

Lloyd’s Register Energy Surveys Industry

While IOCs and NOCs conduct their research to develop relevant technical solutions in extracting hydrocarbons in complex environments, Lloyd’s Register Energy launched a major research program called “Technology & Innovation Radar” at OTC Asia to gather the industry’s view on the adoption of technology and innovation.

“What the survey does for us is that we take an independent viewpoint from the industry, so this doesn’t become an analyst report or a Lloyd’s Register Energy report. It actually becomes the industry report on where the adoption of technology is,” Peter Richards, vice president of Global Communications of Lloyd’s Register Energy explained to Rigzone.

The “Technology & Innovation Radar” survey attempts to find out whether there are differences in the adoption of technology on a geographical basis. Lloyd’s Register Energy also planned to gather the opinions of senior executives and heads of projects in the sector on technology, including those dealing touching with EOR and deepwater.

“We are not predicting the responses of the survey. This is really for us to look at a complete sample of the industry and be able to look at this objectively and then be able to play that back to the industry,” Richards said.

Lloyd’s Register Energy is reaching out to 4,000 executives around the world to participate in the survey although the company expects a response from only around 500. The firm will follow up on the survey by conducting more detailed interviews with key sector professionals, academics, and regulatory bodies before publishing its initial findings in early May. The full report will be released a month later.

When completed, the report “will help assess the viability of new technologies, the drive and motivation for innovation, and where key opportunities and challenges exist. The results will provide a ‘radar’ on the likelihood for adoption of key technologies and innovation,” Lloyd’s Register Energy said in a March 24 press release.

The firm believes that the report will be “in essence a living program that we can keep building because technology and innovation is one of the key drivers for this industry and certainly for Lloyd’s Register Energy is one of the key areas that we look out to support because … implementation of new technology has safety implications as well which is fundamentally a driver for the industry,” Richards pointed out.


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