Aberdeen-based oil and gas incubator co-invests £37m in 70 projects in first 12 months to help maximise economic recovery from N. Sea

Sir Ian Wood
Sir Ian Wood

In its first 12 months, the Oil & Gas Technology Centre has co-invested £37 million in more than 70 projects to develop and deploy new technology that could transform the future of the UK North Sea.

Colette Cohen, OGTC chief executive of the Aberdeen-based not-for-profit technology incubator, explained.

She said: “We’ve made great progress to establish the centre, identify hundreds of exciting technologies and co-invest £37 million in more than 70 projects with our industry partners to develop and deploy new technologies.

“From SMEs to technology developers to oil majors – the response has been fantastic and we’ve also enjoyed excellent support from the UK and Scottish Governments, the Oil & Gas Authority, local councils and regional partners.

“Some 5,000 people have visited the centre to take part in events and workshops, and we have built strong connections across the oil and gas supply chain innovation ecosystem.

“I’m confident, together with industry, we can help unlock the full potential of the North Sea, < 98% of which is in Scottish waters> anchor the supply chain in North East Scotland and create a culture of innovation in the region.” 

 “With more than 80 memberships across five solution centres, we are bringing together oil and gas operators, supply chain companies and technology developers, as well as experts from other industries and academia, to work on new and innovative solutions.

“For example, we’re working with Spirit Energy to field-trial a well plugging and abandonment technology that could deliver up to £100 million cost-savings per year:

“Interwell’s thermite tool is being deployed at Spirit Energy’s onshore well at Caythorpe. It melts materials in the wellbore, forming an impermeable barrier to seal the well. The results will be shared with a further nine North Sea companies collaborating on the project.

“We’re also working with SPi Performance Coatings to tackle corrosion – one the main causes of downtime – with a revolutionary protective coating that ‘eats’ rust on surfaces and self-heals when damaged. A field trial has already been completed on Total’s  Elgin platform and further field trials planned later this year.

“And there’s been an incredible response to our TechX accelerator programme, with 200 start-ups and SMEs from 24 countries applying for funding and support. 10 outstanding companies will be invited to join our first Pioneer programme in June 2018 and earn the opportunity to receive up to £100,000 in funding.”

Sir Ian Wood, Chairman of Opportunity North East – a kind of private-sector Scottish enterprise agency –  commented:

“The Aberdeen city-shire funding which established the OGTC was a strong endorsement from British and Scottish Governments of North East Scotland’s industrial resilience, innovation and growth potential.

“ONE is proud of the role we played in the formation of OGTC and are very impressed with the speed at which it is clearly making a significant impact. It’s also very heartening to see industry’s positive response to co-investment in projects that take new technologies from development to deployment.

 “We believe the OGTC will clearly play a pivotal role in maximising the remaining North Sea oil and gas opportunity, looking at diversified energy opportunities, while stimulating local economic and employment opportunities for our region.”

Andy Samuel
Andy Samuel

Andy Samuel, Chief Executive of the Oil and Gas Authority, added: “I am really pleased to see the outstanding work from the Oil and Gas Technology Centre since opening last year.

“By bringing together industry and technology developers, the centre is driving the industry into the 21st century.

“A great example of this is their MER UK Award-winning collaboration with Total to trial asset integrity technologies which could have significant cost savings.

“We also really need technology to help unlock the next generation of projects, such as the 3.2 billion barrels in undeveloped discoveries (including ‘small pools’), and we are encouraged by industry’s response to our asset stewardship Technology Plans and licensing rounds.”

15 Feb 2018

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