Role of Research in the Oil and Gas Sector – Ensuring Security of Supply and Sustainable Development

Speaker: Dai Somerville-Jones (EUROGIF President)

The availability of economical and clean energy supply is crucial to meet the needs of European societies as well as the objective of sustainable development. The new challenges for oil and gas will be to find and develop sufficient resources to ensure security of energy supply and to conceive and deploy solutions to limit emissions associated with fossil fuels.  x 

EUROGIF has recently adopted a Technology Master Plan that presents a set of R&D priorities that will enable the European Service & Supply Industry in co-operation with operators, universities and research institutes, to develop the technologies needed for a more efficient exploitation of mature fields, deep and ultra deep offshore reservoirs and non-conventional resources. The plan is designed to ensure that a radical decarbonisation of the energy process through capture and storage of CO2, migration to natural gas and further to hydrogen, which is the ultimate goal of the EU energy strategy, takes place over the next decade.