April 30, 2019

The Oil & Gas Innovation Centre (OGIC) has signed its 100th project, taking the total it has invested in oil and gas technology to £6 million over the last five years.

The latest project will see OGIC support Targe Environmental Consulting with the development of a decommissioning materials management platform. Using AI, the technology will greatly increase the pre-dismantlement identification of materials on oil and gas assets that can be re-used, and will include a multi-faceted marketplace to allow the resale of usable assets and recyclable materials.

The aim of the platform is to reduce the overall cost of decommissioning and increase the principles of the circular economy by increasing the amount of material which is reused and recycled across multiple industry sectors and geographic locations. Read more…