£10m boost for oil and gas innovation

Funding worth up to £10million is being made available by the Scottish government to support innovation in the oil and gas sector.

Scotland's energy minister Fergus Ewing announced yesterday that the fund is now open to the first round of applications. The first call will be for projects looking at improving the integrity and reliability of assets in the oil and gas industry. According to Ewing, projects funded under the scheme will help ensure offshore assets can continue to run effectively and safely in the future, through inspection, change management and analysis of their future integrity. He commented: "We know that there is a great future in oil and gas, and the sector is no stranger to innovation, with the great strides the industry has taken helping to secure our place at the lead of the global industry. "The awards made under this fund will help drive that innovation and preserve the vital infrastructure of the industry, to ensure they continue to operate safely and efficiently for the recovery of oil and gas reserves for decades to come."