A hackathon to identify new technologies and practises that can make the construction of wells in the UK Continental Shelf (UKCS) cheaper will take place next month.
The Oil and Gas Authority (OGA) alongside the Industry Technology Facilitator (ITF) aims to find out the challenges associated with well construction.
The event will be also used as a platform for supply companies, including developers, to work with industry to identify innovative solutions.
It is the first of a series of hackathons to take place at the Oil & Gas Technology Centre in Aberdeen on the 13th of December.
Margaret Copland, Senior Wells and Technology Manager at the OGA said: “Well construction currently accounts for approximately half of field development costs. By hosting this hackathon, we particularly want to identify technologies that can be adapted from other industries and new, innovative ideas that could transform how wells are constructed.
“New technologies and efficient practices have the power to deliver significant savings in this area. This could allow additional marginal and mature field reserves to be developed and extend the life of existing infrastructure to maximise economic recovery for the whole UKCS.”
Last month, OGA said it has received 29 applications for its UK Continental Shelf (UKCS) Frontier Licensing Round.