Arab Today, arab today qp joins top oil and gas technology facilitator
Last Updated : GMT 05:18:07
Arab Today, arab today
Arab Today, arab today

QP joins top oil and gas technology facilitator

Arab Today, arab today

Arab Today, arab today QP joins top oil and gas technology facilitator

Doha - Arabstoday

Qatar Petroleum (QP) has joined the global oil and gas technology facilitator ITF to collaborate on finding new solutions to boost oil and gas production in the Middle East. As a member of ITF, QP will work alongside other major energy players in the region and believes a united approach will help to drive forward new developments, supporting its plans for further exploration and production at onshore and offshore fields. The corporation joins other ITF members in the region including, Petroleum Development Oman (PDO), Kuwait Oil Company (KOC) as well as Houston based Aramco Services Company, a subsidiary of Saudi Aramco. ITF has a base in Abu Dhabi and this year launched a Middle East cluster group to bring together oil and gas companies to collaboratively identify and tackle the specific technology challenges being faced in the region, such as water management, heavy oil, asset integrity, and enhanced oil recovery. QP is interested in ITF’s approach both as an end user and as a technology developer. Dr Nasser al-Mohannadi, research and technology manager, Qatar Petroleum, said: “Joining ITF is an important step in working together with other international and national oil and gas companies in the GCC region. The sharing of knowledge and collaborating on research and technology development will allow us to establish joint industry projects that directly target the needs of industry in the region.” Ryan McPherson, ITF’s regional director in the Middle East and Asia Pacific, welcomed the new member. He said: “Qatar Petroleum is joining us as we are forging ahead in the Middle East, with our first call for proposals for this region issued on the subject of produced water, which was identified by members as a key priority. By acting as the honest broker between end-users and technology developers, we can help members share the costs and risks associated with bringing new technology to market.” A not-for-profit organisation, ITF has 30 global oil and gas operator and service company members. Technology companies and academia are offered up to 100% funding and innovators retain full intellectual property rights. ITF is the only global funding programme operating across continents. The organisation has facilitated the launch of more than 180 joint industry projects (JIPs) from early stage projects through to field trials and commercialisation and aims to secure a further £50mn for technologies by 2015. from gulf times.

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