OGIC is a new Oil and Gas Innovation Centre set up to work with SMEs to deliver innovative solutions to the key challenges facing businesses operating in the UK Continental Shelf (UKCS). £10.6 million funding was approved by the Scottish Funding Council to create OGIC. Its role is to enable the development of new technologies which are needed to bring down operating costs, improve productivity in the UKCS and address innovation requirements in decommissioning.

The Scottish Government will follow the publication of Sir IanWood’s North Sea review today by announcing more than £10million of funding for a new centre to pioneer oil and gas technology.

The new Aberdeen based centre will be paid for by the Scottish Funding Council and supported by Scottish Enterprise and Highlands & Islands Enterprise.