The Oil & Gas Technology Centre (OGTC) and the Industry Technology Facilitator (ITF) are merging to create a single organisation focusing upon and enhancing the use of technology and innovation for the UK oil and gas industry.
Ongoing ITF projects will be integrated into the OGTC’s solution centre programme. ITF members will be closely involved in this process to ensure continuity and successful execution of all projects. Teams from both organisations will work together to deliver a smooth transition over the coming months and the merger is expected to be completed in Q2 2018.
The OGTC, in dialogue with its members, the Technology Leadership Board and other relevant stakeholders, will consider industry demand for the creation of a subsurface solution centre later in 2018, following completion of the merger.
Created in February 2017, as part of the Aberdeen City Region Deal the OGTC has co-invested £37 million with industry partners in almost 70 projects designed to accelerate the development and deployment of new technologies in the North Sea.
The ITF has a 20 year track record of working with industry and technology partners to deliver new solutions to the oil and gas market.
Dr Patrick O’Brien, Chief Executive of ITF said:
“I’m extraordinarily proud of what ITF has achieved in partnership with the industry and technology developers over the past 20 years. Our members have invested £80 million in over 220 joint industry projects, from early stage concepts to field trials and commercialisation.
“Our merger with the Oil & Gas Technology Centre is a positive move. It will focus the collective expertise of both organisations, providing the high-quality technology and innovation support the industry needs, under the Oil & Gas Technology Centre brand.”
Colette Cohen, Chief Executive Officer of the Oil & Gas Technology Centre said:
“ITF is a highly respected and successful organisation, with a long history of working with the industry to identify technology needs, foster innovation and facilitate the development and implementation of new technologies.
“Combining this knowledge and experience with the pace, funding and delivery of the Oil & Gas Technology Centre creates a strong proposition for the industry and a platform to harness the power of technology to unlock the full potential of the UK North Sea.
“Our immediate priority is to work with colleagues from ITF and its existing members, to deliver a smooth transition that sets us up for future success.”
On completion of the transaction, Dr Patrick O’Brien will step down from his role as Chief Executive of ITF.