The Industry Technology Facilitator (ITF) and the Society of Petroleum Engineers (SPE) have agreed to work together to share and enhance global technology development opportunities in the oil and gas industry.
Dr Patrick O’Brien, ITF Chief Executive, and Stephen Graham, SPE Chief Operating Officer, agreed the deal at a technical conference in Dubai.
It will allow ITF access to SPE’s network of industry experts as well as detailed information on the latest technology challenges identified during SPE’s Applied Technical Workshops.
In turn, SPE will benefit from the provision of ITF’s established roadmap mechanism to identify technology challenges, seek solutions and fast track implementation through joint industry projects.
Opportunities to work together could include running combined events or calls for proposals, mutual sharing of information with members, as well as joint promotion of each other’s events.
O’Brien said: “ITF and SPE are both driven by our purpose to promote and accelerate efficient and intelligent solutions to the oil and gas industry.
“We are looking to create additional strategic agreements with other organisations in the near future which similarly will allow us to formalise existing relationships and ongoing joint activities.”
Graham added: “As well as sharing our combined network of companies, developers and academics, the agreement will drive forward our united ambitions to see new and enhanced technology brought to the market faster to ensure the oil and gas industry continues to be profitable and sustainable.”