Offshore Oil and Gas Industry Research Funding Models - An opportunity for coordinated, collaborative, industry based research (Executive Summary)
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Abstract
Oil and gas research has traditionally been funded via uncoordinated, individual and collective research fundingmechanisms. Duplication of research, reduction in financial leveraging opportunities, retention of knowledge,slow research progress and unfilled knowledge gaps can result. Opportunity exists for Australian offshore oil andgas operators, government, small to medium enterprise and research organisations to collaborate to performcoordinated industry research and improve this situation.Collaboration and targeting high impact research topics provides opportunity to undertake more complexindustry research, resulting in improved industry knowledge, enabling safe and efficient recovery of offshore oiland gas resources, and a sustainable industry. Benefits can be maximised for all stakeholders.This paper investigates industry research funding models (IRFM) that may provide a sustainable and coordinatedoffshore oil and gas industry research mechanism. The objective is improved coordination and acceleratedresearch that provides information to support informed regulation and research & developmentcommercialisation.Within the main report, research questions were posed, funding models and mechanisms identified, optionsconsidered and conclusions drawn on the relevance of IRFMs to Australian offshore oil and gas and how an IRFMmay be introduced to the industry. (23) (PDF) Offshore Oil and Gas Industry Research Model White Paper Unformatted (Executive Summary). Available from: https://www.researchgate.net/publication/327817124_Offshore_Oil_and_Gas_Industry_Research_Model_White_Paper_Unformatted_Executive_Summary [accessed May 07 2024].
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