LR joins ITF

24 May 2013

Lloyd’s Register has become a key member of ITF, the global technology facilitator for the oil and gas industry.

CEO Dr Patrick O’Brien from ITF said: “It’s a testament to the success of ITF that we continue to welcome new members who understand the benefit of working together to deliver innovative and ground breaking solutions. Lloyd’s Register, our first member from the energy and marine sector, is an industry stalwart who will open up new and interesting arenas for technology advancement. Together with our other international members, we can work beyond the constraints of competition and find real solutions in a strategic and collaborative way.”

ITF is a not-for-profit organisation owned by 30 international oil and gas operator and service companies. It is the only global collaborative R&D funding programme operating across continents.

Anthony Alexander, Joint Industry Project Leader from Lloyd’s Register said: “Over the years we have witnessed a transformation in how technology advances can move from unsubstantiated theory to best practice through ITF’s collaborative model. We are proud to be part of this group of influential members which encourages and supports innovation and keeps the industry moving forward.”

This initiative compliments Lloyd’s Register’s vision and investment to grow technical delivery and capability worldwide to support industry’s future. It recently launched its joint laboratory in Singapore which will deliver innovative technical solutions to address the challenges faced by the marine, energy and offshore sectors; part of Lloyd’s Register’s US$35 million investment in its Global Technology Centre (GTC) set up in Singapore in 2012.

Founded in 1760, Lloyd’s Register is the first certification authority to be part of ITF. As an energy and maritime classification society and independent risk management organisation, the company has expertise in a number of industries including oil and gas, nuclear and renewables, and provides an alternative angle of technology challenges for the energy sector.

Through a strategic process, ITF and its members can support and fund projects from concept to commercialisation and therefore introduce game-changing technologies across the energy industry.

About the ITF

ITF, the technology facilitator for the global oil and gas industry, is a not-for-profit organisation owned by 30 international oil and gas operator and service companies. It is the only global collaborative R&D funding programme operating across continents. Since its formation in 1999, the organisation has facilitated the launch of more than 190 joint industry projects (JIPs) from early stage projects through to field trials and commercialisation. It aims to secure a further £50 million for technologies by 2015.

ITF’s membership is made up of the following companies:

Aramco Services Company, BG Group, BP, Chevron, CNR, ConocoPhillips, Expro, ExxonMobil, FMC Technologies, GE oil & Gas, KOC, Lloyd’s Register, Maersk Oil, Nexen, PDO, Petrofac, Petronas, Premier Oil, Qatar Petroleum, Schlumberger, Shell, Siemens, Statoil, Technip, TOTAL, Tullow Oil, Weatherford, Wintershall, Wood Group, Woodside.

For more information on ITF, visit: www.itfenergy.com

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