Million pounds up for grabs

Two oil and gas innovation and research bodies are offering more than £1million to fully fund industry development projects with Scottish universities.

The Industry Technology Facilitator (ITF) and the Oil & Gas Innovation Centre (Ogic) have joined forces to back projects that reduce costs, raise production efficiency, and improve safety and environmental performance in the oil and gas industry.

Typically, Aberdeenbased Ogic provides up to 50-70% of the costs of the industry/university collaborations it backs.

Ben Foreman, ITF technology manager, said: “Our recent technology showcase event challenged the oil and gas industry’s inherent ‘risk-averse’ culture and we now see a fresh focus and commitment to progress innovation.

“Financial support and knowledge from ITF, Ogic and Scottish universities is invaluable to push forward those solutions and put them to work for the benefit of the industry.”