The Oil & Gas Technology Centre (OGTC) has launched two ‘Calls for Ideas’ on digital transformation and decommissioning, with up to £2 million available to innovators.
The OGTC is looking for digital analytics approaches, such as machine learning, that can rapidly organise, distil, screen and assess data from oil and gas wells. Often held in different formats and of variable quality, the data could lead to new discoveries, help extend field life and maximise economic recovery.
For decommissioning, the OGTC is looking for integrated, modular, environmentally friendly and cost-effective life support solutions, that create flexibility in how and when facilities are decommissioned.
The deadline for submissions of ideas on both fields is February 16, 2018.
Each Call has up to £1 million to invest in a portfolio of projects that can unlock the full potential of the UK North Sea.
Submissions will be evaluated against a range of criteria including value creation, sound scientific principles, time, cost and risk reduction. Successful applicants will receive professional guidance, funding, and support to develop their ideas towards the next stage of development.