Established in 1999 ITF (Industry Technology Facilitator), is a 'not for profit' organisation owned by 25 major global operators and service companies. Our key objectives are to identify technology needs, foster innovation and facilitate the development and implementation of new technologies. To date ITF has been responsible in launching 174 new collaborative and revolutionary oilfield technology projects, securing direct ITF membership funding of around £50 million, with a portfolio of 43 ongoing projects linked to £20 million investment. ITF implement new technologies into the oilfield by the following means:
- Identify the shared technology needs of our member companies
- Seek out innovative solutions
- Access the technology development funds
- Launch collaborative joint industry projects
- Create field trial opportunities
- Deliver technology implementation
ITF staff focus 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. These are progressed through development of joint industry projects (JIPs), field trials and ultimately, implementation.
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.