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ITF and SPE sign agreement to accelerate technology development

Industry

The Industry Technology Facilitator (ITF) has signed a memorandum of understanding with the Society of Petroleum Engineers (SPE) to share and enhance global technology development opportunities in the oil and gas industry

The MOU will allow ITF access to SPE’s strong network of industry experts as well as detailed information on the latest technology challenges identified during SPE’s Applied Technical Workshops. In turn, SPE will benefit from the provision of ITF’s established roadmap mechanism to identify technology challenges, seek solutions and fast track implementation through joint industry projects.

Opportunities to work together could include running combined events or calls for proposals, mutual sharing of information with members, as well as joint promotion of each organisations’ events.

Dr Patrick O’Brien, ITF’s CEO said, “ITF and SPE are both driven by our purpose to promote and accelerate efficient and intelligent solutions to the oil and gas industry. The MOU will strengthen our already close working relationship with SPE and give more impetus and authority to our members on action to satisfy their technology demands.

“We are looking to create more strategic MOUs with other organisations in the near future which similarly will allow us to formalise existing relationships and ongoing joint activities.”

Stephen Graham, chief operating officer, SPE said, “As well as sharing our combined network of companies, developers and academics, the agreement will drive forward our united ambitions to see new and enhanced technology brought to the market faster to ensure the oil and gas industry continues to be profitable and sustainable.”

 

 

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