The Industry Technology Facilitator
- The Industry Technology Facilitator
The Industry Technology Facilitor (ITF) is a non-profit UK based organization established in 1999 by the Oil and Gas Industry. Its stated goal is to "identify technology needs, foster innovation and facilitate the development and implement new technologies."
ITF currently have a staff of eleven, 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.
ITF is currently owned and managed by the following member companies: BP, BG Group, Chevron, CNR International, ConocoPhillips, ENI, ExxonMobil, Halliburton, Hess, Maersk Oil, Statoil, Shell, Talisman Energy, Total, Weatherford and Woodside.
To date ITF have 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.
External links
* [http://www.oil-itf.com/home/index.asp ITF official site]
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