Energy  -  Blog Post

31 March 2016

This article was posted prior to the rebrand of Lockheed Martin to Leidos on Wednesday 17th August 2016.

by Matt Gordon

Helping the UK Oil & Gas Industry Unlock £1bn in Efficiency Savings

Itf -showcase -neale

There’s nothing quite like setting out to tackle a mighty industry challenge, and seeing the Lockheed Martin consultancy team’s work unfold from the sidelines is a fascinating process.

The results of an asset integrity landscaping study commissioned by Oil & Gas UK to analyse corrosion under insulation and vessel inspection were presented by Neale Stidolph, Head of Business Development, to a full house of delegates at the ITF Technology Showcase in Aberdeen earlier this month.

The event was the first public insight into the report findings other than a comment made by Alec Harley, Energy Sector Director at Lockheed Martin Information Systems & Global Solutions at the end of 2015; “The Lockheed Martin Global Fellows Network has also identified encouraging technologies that we apply on NASA’s space shuttle programme that are proven to address similar challenges faced in the aerospace industry.”

Hosted by The Industry Technology Facilitators (ITF) in collaboration with the Oil & Gas UK, the Showcase was a fitting forum to present the findings of the report aimed at helping the UK Oil and Gas industry unlock £1bn through improved production efficiency and cost savings.

The dual streamed conference programme, on asset integrity and well intervention, highlighted many new and interesting technology innovations that are coming to the fore to help make step changes in the sector.

The final report on the asset integrity landscaping study is due out early April so the summary of findings presented gave delegates an early insight into solutions that address the industry challenges that mirror those from aerospace to academia, and across the Oil and Gas industry.

The report delves deeper into potential applications that Neale presented at last year’s Showcase when he delivered a whistle-stop tour of ‘rocket science’ innovations aligned to the industry focus on collaboration and cost saving measures needed to help maximise economic recovery on the UK Continental Shelf (UKCS).

The Showcase event this year was a great opportunity for our team to further contribute to the debate in a far deeper way than in 2015, and bring better thinking alongside technology innovations, at such a pivotal point in the Oil and Gas sector’s journey on the UKCS.

In the lead up to the event, various industry heavyweights spoke of the importance of speakers at the event “to highlight the need for the Oil and Gas industry to be more receptive to deploying new technologies to help make the North Sea more competitive and delay decommissioning.” The opinions voiced at this event support the themes ITF CEO Dr Patrick O’Brien highlighted in the lead up to the 2015 event on the benefits of collaboration in mitigating risk. It will be interesting to see how 2016 unfolds in terms of actions on the themes debated at the Technology Showcase.

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Tags: Information Management Technology Strategy