NTNU strategy for oil and gas presented at BRU21 conference
In collaboration with the Norwegian Ministry of Petroleum and Energy, NTNU hosted the BRU21 conference on technology of the future for O&G. At the conference, the NTNU strategy on oil and gas was presented and presentations and discussions on policy and the way forward were in focus. Key note speakers:
- Ingvil Smines Tybring-Gjedde, State Secretary, Norwegian Ministry of Petroleum and Energy
- Tim Gould, Head of Division Energy Supply Outlook, International Energy Agency (IEA)
The BRU21 conference took place Tuesday 30 May with 100 representatives from the oil and gas industry, governmental bodies and NTNU were present. To read more and see the presentations from the conference, click here.
NTNU is to use its science and technology capacity to enhance the O&G sector by “better resource utilization” (BRU) and contribute to fnd solutions for greenhouse gas reductions with a zero emission vision.
The BRU21 objective is to address “technologies of the future” for the petroleum sector including safety aspects and a minimal CO2 footprint. NTNU will identify technologies and solutions to assure future petroleum
activities at low oil prices (break-even price of 30 USD/bbl) and develop petroleum assets in the future with the highest safety standards that are environmentally friendly.
BRU21 “Better Resource Utilization” stands for improved economic effciency by increased income (resource recovery/production) and reduced costs relevant for both existing O&G felds in mature areas (“brown felds”) and new petroleum felds in old and new areas (“green felds”).
NTNU has also adopted the OG21 objectives from its recent strategy report:
- Maximize resource utilization
- Minimize environmental impact
- Improve productivity and reduce costs
- Develop innovative technologies
- Attract, develop and retain the best talents