Your Innovation Partner Event - PowerPoint Presentation

Slide1

Your Innovation Partner

Event

Date Name, Job title

Industry context

1999 peak production

5 million barrels per day

2017 production

c.1.5 million barrels per day

44 billion barrels

since 1964

£330 billion in corporation tax

300,000 jobs

in UK from oil and gas

10-20 billion barrels potential remaining

Supply chain revenue of

£30 billion per year

Grow supply chain; double

exports

£500bn

revenue

Overall

prize

£920bn

revenue

Maximise Economic Recovery

£420bn

revenue

Every 1bn barrels produced generates £50bn of value for the economy

Creating value

Unlock the

potential of the

UK Continental Shelf

Anchor the

supply chain

in North East Scotland

Create a culture of

innovation that attracts

industry and academia

£180 million City Region Deal funding

Technology vision

Technology can transform the oil and gas industry for the low carbon future

visitors

Creating

a

culture

of

innovation

in the

region through exciting

events

and

workshops.

13,400

Government

Community

Indu

s

try

Schools

Well

s

18

Digital

Transformation

Decommissioning

Asset

Integrity

App

r

ov

ed

Projects

151

Delivering technology project to fix

today,

maximise

recovery

and

transform

tomorrow

Small

Pools

Co-investing

in

industry-led projects

to

develop

and

deploy new

technologies.

£79m invested

£

47

million

£

32

million

OGTC

i

nv

e

s

tme

n

t

Industry i

nv

e

s

tme

n

t

11

33

40

49

3

7

Asset

i

n

t

egri

t

y

Working

with

industry

partners

to test

and

trial

new

technologies in

an

operational

environment.

50

+

Planned

for 2018

Well

Construction

Thermite

well

plugging and abandonment

technology

could

deliver

annual

savings

of

£100m

Non-intrusive inspection techniques could deliver annual savings of £244m

£100m

£244m

A positive start… still lots to do

Strong performance

memberships

Bringing

together operating,

supply chain and

technology

companies

to

drive

innovative

new

solutions.

110

39

17

50

Operating company memberships

Service

company memberships

Technology developers

Asset

int

egri

t

y

Well

con

s

truction

Digital

t

r

ans

f

orm

a

tion

Small

pools

Calls for Ideas

Generating new technology ideas from inside and outside the industry to tackle key challenges.

29

63

71

74

94

New

technologyideas

331

Decommissioning

TechX

applications

215

Accelerating innovation by helping a new generation of entrepreneurs take their technologies to market – faster.

125

Start-ups

9

0

SMEs

24

from

24

countries

£3m

investment

this

year

Artificial

I

nt

elligence

Robotics

Machine

L

earning

Virtual reality

Harnessing the power of an ever-expanding range of transformational

new technologies.

690+

Technologies

screened

Roadmaps - Aligning to deliver V2035

Vision

V2035 Targets

TLB Challenges

OGTC Targets

Deliver additional barrels

Reduce operating costs

Increase production efficiency

Increase recovery factor

Double service sector share

Add recoverable reserves

Reduce well costs

Reduce decom costs

Revitalise

exploration

See clearly

under the seabed

Unlock new developments

Maximise subsurface recovery

Clean offshore

energy

Efficient offshore operations

Productive onshore operations

Slash decom

costs

Asset integrity & inspection risk

Deployment

at scale

Digital transformation

Wells

Asset integrity

Small pools

Decommissioning

Improve production efficiency by 10%

Reduce well

costs by 50%

Reduce asset integrity costs by 50%

Reduce lifecycle

costs by 50%

Reduce decom

costs by 35%

Accelerating the future

215

applications

24

countries

Partnership with Deep Science Ventures

Kick off July 2018

3 challenge areas set by industry

Recruiting 30 scientists2-3 new tech company December 2018

125 applications – 24 different countriesAssessed by over 50 experts/ entrepreneursFirst 10 started 4 June 2018

Transition into TechX+ Incubator Sept 2018

Final steps for T1 Visa status with DITTech from other industries

Potential for application areas in oil and gas

90 applications – 56 suitable for assessment23 passed onto Solution Centres4 under review with for Market Entry

TechX

Industry-led projects tackling current and future challenges

National Decommissioning Centre

Current challenges

Future challenges

Thought leadership

Facilities clean up and removal

Well plugging and abandonment

Skills and capability development

Design for reuse

Innovative materials

Next generation decommissioning

Basin wide impact studies

Workscope challenge

Use and reuse of UKCS facilities

Focused priorities and actions

National Subsea Centre

Diverse industry

participation

Strong R&D partnerships

High-quality

projects

Collaborative

hub

RGU research positioning

Engage widely and inform policy

Attract a diverse range of UK and international partner companies with the skills, expertise, projects and commitment to invest and participate

Develop strong partnerships with institutions, innovation centres and companies

in the UK and

internationally

Work in partnership with industry to create a balanced portfolio of demand-led projects across the technology readiness spectrum

Create a multi-disciplinary hub using state-of-the-art technology to enable physical and virtual collaboration between organisations and sectors across the UK and internationally

Deliver a world-class research programme with sustainable funding and maximise the impact of R&D investment with spinouts, PhDs, first jobs and graduate apprenticeships

Build strong stakeholder relationships and inform UK and international subsea policy

Making sure the North East of Scotland remains a great place to live, work and invest

Our purpose