Global Technology Summit Aims to Unlock Hydrocarbons, Ensure Supply

In a bid to fast-track new technology to recover the remaining oil and gas reserves around the world, the key technology organizations from the world's major oil and gas provinces came together this month in Aberdeen for the first time.

This global technology summit hosted by ITF, the Industry's Technology Facilitator aimed to explore collaborative opportunities to bring forward the next new wave of oil and gas technologies and leverage global resources. The event was attended by representatives from the USA's DeepStar project; the US Department of Energy sponsored RPSEA program; Norway's OG21 and the DEMO 2000 initiative; Petroleum Research Atlantic Canada (PRAC); and the Canadian and UK Governments, all of which represent the technology funding bodies for offshore, upstream oil and gas technology development.

This is the first formal meeting of its type between these counterpart organizations and the outcomes will lead to a major step-change in the process for developing and implementing new technologies that can deliver reliable, affordable and secure energy supplies to society.

Exploring ways to collaborate, the group of program leaders agreed that information exchange is the key to delivery of new technology for the global industry.

"As the remaining hydrocarbon reserves around the world become more challenging to recover, technology is key to unlocking them and ensuring security of supply," said David Liddle, technology manager at ITF.

"Greater collaboration between industry, academia and government is required to deliver the game-changing technologies needed to extract the remaining hydrocarbons, adding value to the global industry and ensuring security of supply with due regard to the environment and safety."

David continued, "By ensuring there is regular, purposeful dialogue between all of these technology focused programs, we can focus on common denominators, increase our understanding and agree shared technology goals while maximizing our limited resources.

"Sharing our combined knowledge means we can prevent duplication, which in turn will provide added value to not only our industry, but security to society."

The ability to identify and prioritize global technology needs through a program of exchange could change the world from a field technology point of view.

For the first time, the summit allowed the world's leading technology facilitators to examine and understand how transfer and dissemination of their combined knowledge will increase the value of existing technology research, development and deployment to support initiatives in line with securing global energy supplies in reliable and affordable ways.

In concluding the summit, the participants agreed to work closer with each other and are now working on ideas to promote greater collaboration and interaction, to liaise regularly throughout the coming year, and to meet together again in 2009, if not sooner.