Sustainability Strategy Commitments

UKOOA Sustainability Strategy 2002 - First Report 1. Economic Sustainability 1.3 Developing new technologies   Commitment No. 12 - Technological innovation: brokering demand/supply "We will support the work of the Industry Technology Facilitator (ITF) in stimulating technological development through brokerage between industry, technology suppliers, research organisations and funders. This work will run alongside R&D initiatives by individual operators and contractors." Progress to date : achievements and difficulties encountered Technology is critical to the successful exploitation of the remaining oil and gas reserves within the UKCS and the ITF, established following the Oil & Gas Industry Task Force report of 1999, has a central role in stimulating the development and promoting the use of new technology. During 2001, a total of £8 million of Joint Industry Projects was approved, in line with expectations, and a further £2.4 million were committed in the first quarter of 2002. A new fund within ITF has just been launched to help kick-start the development of new, potentially game-changing technology at its conceptual stage. All of this is in addition to individual companies efforts to support R&D initiatives, both in-house and externally. Accelerating the uptake of new technologies on the UKCS has been identified as a key issue in the overall success of meeting PILOT's goals. The Progressing Partnership Work Group of PILOT has adopted this and a study has been commissioned by DTI to investigate any real or perceived barriers and propose any appropriate new working practices. Website References PILOT Task force Website : www.pilottaskforce.co.uk Industry Technology Facilitator - ITF : www.oil-itf.com DTI : www.og.dti.gov.uk Next commitment [13. Technological innovation: focus on opportunity areas] Previous commitment [11. E-commerce] Commitment listing

Sustainability Strategy Commitments