Scotland business

Oil and gas institute to launch at Strathclyde University

Drilling rig
The oil and gas institute aims to address key industry issues such as costs and production efficiency

A new institute designed to support the oil and gas industry is being launched in Scotland with a view to helping companies compete internationally.

The Strathclyde Oil & Gas Institute is to be based at Strathclyde University in Glasgow.

It will be housed in the institution's £89m technology and innovation centre, due for completion later this year.

The institute aims to address "key challenges" the sector faces, such as ageing infrastructure.

About 30% of the 7,000 platforms in operation around the world are more than 20 years old, the university said.

Work at the base will focus on topics such as the design of platforms and the monitoring of equipment through to its final decommissioning.

The university said the institute would also allow companies to access research and innovation capability, highly-skilled graduates and leading-edge facilities.

'Step forward'

Strathclyde University principal Prof Sir Jim McDonald said: "The Strathclyde Oil & Gas Institute represents an important step forward for the university's contribution to the sector.

"It will respond directly to industry needs and will help to address key business drivers including continuously improving safety and environmental performance, reducing costs and increasing production efficiency.

"The oil and gas sector is recognised globally for its impressive levels of expertise and the high-calibre of its people."

He added: "The new institute will work in partnership with industry to further support innovation and deliver economic impact."

The institute will pull in expertise from across the university's four faculties of engineering, science, business and humanities and social sciences.

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