The Aberdeen-based Oil and Gas Technology Centre (OGTC) opened in February 2017. Its brief was to help maximise economic recovery (MER) of resources through investments in better technology implementation and the development of new technology. The aim is to make the results available to the wider industry. Backed by the UK and Scottish governments, along with regional authorities, the OGTC—armed with initial backing of ￡180m—operates a joint-funding model, whereby the industry needs to at least match the Centres investment in a given project. So far, the results have been positive. As of June 2018, a total of ￡S0m had been co-invested in over 100 projects to develop and deploy new technology, comprising ￡21m from the OGTC and ￡29m from the industry.
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