About ITF
ITF was established in 1999 by the Oil and Gas Industry. It is a not for profit global organisation owned by 14 operating companies and three service companies. ITF’s key objectives are to identify technology needs, foster innovation and facilitate the development and implementation of new technologies into the oilfield by the following means.
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Identify the shared technology needs of our member companies |
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Seek out innovative solutions |
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Access the technology development funds |
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Launch collaborative joint industry projects |
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Create field trial opportunities |
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Deliver technology implementation |
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ITF currently has a staff of 11, focused on adding value through a partnership interaction with operator members to understand their business driven technology needs. Thereafter ITF adopts a systematic process to seek out technology solutions and innovations to meet its members’ business-driven technology needs and carries these forward through development of joint industry projects (JIPs), field trials and ultimately, implementation.
To date ITF has successfully facilitated the launch of over 100 JIPs, representing a direct investment of £28 million and more than 20 successful field trials.
The topics addressed by these ITF sponsored technologies include seismic resolution, complex reservoirs, cost-effective drilling and intervention, subsea, maximising production, integrity management, and environmental performance.
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