Improving safety and efficiency for the entire well lifecycle
ITF
ITF, a not-for-profit organisation owned by major global operators and service companies, identifies the global technology challenges of its members and offers a cost effective way of solving cross-industry issues in a collaborative environment. Enabling inventors to retain their intellectual property (IP), ITF supports technology developers through funding, development and implementation of new technology to the industry. It is the nly global funding technology programme that has the potential to offer up to 100% funding, directly from its members, for the development of new technologies.
To date, ITF has launched more than 170 joint industry projects (JIPs) from early stage projects through to field trials and commercialisation. ITF aims to secure a further £50 million to launch 40 JIPs per year from 2015.