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Boost for energy sector

Tech centre aims to innovate in North Sea

cohenAn engineering facility opening today will support technologies aimed at extracting more oil that might otherwise be left in the North Sea.

Chief executive of the new Oil & Gas Technology Centre, Colette Cohen, said three billion barrels are held in small pools that firms have no plans to develop.

Ms Cohen said: “We have to find the technology and the commercial models to ensure those fields are developed.”

Industry and academia will work together to develop technologies that will not only help to increase production, particularly from currently inaccessible sources, but also extract oil and gas more efficiently and cheaply.

The new £180 million not-for-profit facility is a core part the £250m Aberdeen City Region Deal and will work with a wide range of partners.

Ms Cohen said: “This is definitely an opportunity for this centre and academia to come together and become industry focused, partnering rather than developing the technology in isolation and hoping that industry will take it on.

“We can identify technology that can turn around these assets that is immediately exportable and yet we are going to anchor that supply chain right here in the north-east of Scotland.

Deirdre Michie, chief executive of Oil & Gas UK, said: “As our industry focuses on maximsing economic recovery from the UK Continental Shelf technology must play a pivotal role in helping the sector improve its global competitiveness by tackling some key challenges that the industry continues to face.”

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