Driv­ing In­no­va­tion

Alberta Oil - - THE ASK -

The en­vi­ron­men­tal and fi­nan­cial chal­lenges fac­ing Canada’s oil pro­duc­ers—es­pe­cially those in the oil sands or shale fields—are driv­ing change. The in­dus­try is fac­ing the dou­ble-bar­reled test of be­ing one of the world’s high­est cost pro­duc­ers op­er­at­ing in one of the tough­est reg­u­la­tory ju­ris­dic­tions on earth. But in­no­va­tion needs cash and in­volves risk.

Rather than rein­vent the wheel to solve prob­lems they share in com­mon, oil and gas pro­duc­ers in Al­berta fund the Pe­tro­leum Tech­nol­ogy Al­liance of Canada (PTAC) pro­grams. Col­lab­o­ra­tion ex­tends to other in­dus­try as­so­ci­a­tions through the Al­berta Up­stream Pe­tro­leum Re­search Fund, which pro­vides mar­ket­driven re­search on the in­dus­try’s en­vi­ron­men­tal foot­print. The pro­gram is led by the Cana­dian As­so­ci­a­tion of Pe­tro­leum Pro­duc­ers (CAPP) and the Ex­plor­ers and Pro­duc­ers As­so­ci­a­tion of Canada (EPAC). It is man­aged by PTAC, putting its pres­i­dent, SOHEIL ASGARPOUR, at the front of the in­dus­try’s bat­tle to cut car­bon and costs out of the bar­rel.

Soheil Asgarpour, pres­i­dent of the Pe­tro­leum Tech­nol­ogy Al­liance of Canada

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