Upon signing the 50th project, OGIC has once again reached its project target ahead of schedule, and is now set to exceed this milestone with new projects currently in discussion.
This month, the Oil & Gas Innovation Centre (OGIC) and the Scottish Innovation Centre for Sensor and Imaging Systems (CENSIS) hosted a joint event on the Internet of Things (IoT) going offshore, which explored the potential opportunities for the industry.
OGIC is proud to be sponsoring the Innovator Award at the 2018 Offshore Achievement Awards (OOA). To encourage participation in the awards, OGIC, together with the OOA team, are hosting a ‘lunch and learn’ session for companies considering entering the awards.
The risks and uncertainties associated with bringing a new technology to market are inherently high. There is significant financial investment required to research, develop, test, and commercialise a concept, and there is the ever-present concern that the concept or idea might not work. The way in which the Oil and Gas Innovation Centre (OGIC) works to help companies find appropriate research expertise in the university system in Scotland and to access funding for R&D presents a real opportunity to de-risk R&D.
In partnership with our sister Innovation Centre, CENSIS (Innovation Centre for Sensor and Imaging Systems), we have created an event for oil and gas and offshore sector companies based in and around Aberdeen to introduce new and emerging sensor and imaging systems technologies that might benefit their businesses.
Following the signing of three new projects, The Oil and Gas Innovation Centre (OGIC) has reached its 40th project target ahead of schedule, with a total investment of over £1.3m in funding for collaborative projects with oil and gas companies and academic expertise in Scottish universities.
Cavitas Energy engaged with OGIC and the University of Strathclyde to develop a downhole deployable device that will produce heated fluid or steam within the wellbore of injection wells, or could be used as a bypass fluid heater in production wells. The device has enhanced oil recovery applications in primarily heavy oil environments. As downhole Enhanced Oil Recovery (EOR) devices utilizing mechanical heating mechanisms are not currently offered within the market, this technology is a unique offering and fits neatly into the oil industry’s requirement for technology innovation.
OGIC and Decom North Sea are hosting a joint event on innovation funding and business/ technology funding.