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Vision 2035 Creating a culture of innovation Luca Corradi Innovation Network Director

Vision OGUK Conference - FINAL - Oil & Gas UKoilandgasindustryconference.co.uk/wp-content/uploads/2017/06/Luca...21st century oil and gas Technology can transform the oil and gas industry

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Vision 2035Creating a culture of innovation

Luca Corradi Innovation Network Director

Driving change

The future

Meeting our needs for energy, materials and climate change

COP 21Ambitious

targets$16 trillion

spend

60% of global power by 2040

$23 trillion on energy efficiency

150m electric vehicles by 2040

Composites worth $105bn by 2021

More than power, heat and transport

Heating and transport:

50% - 60%

Industrial: 20% - 40%

Non energy: 10% - 20%

Critical feedstock

6,000 everyday

items

Agriculture to plastics

195countries

Oil demand up 11% by 2040

Gas demand up 33% by 2040

21st century oil and gas

Technology can transform the oil and gas industry for the low carbon future

Exciting transformation

New technology, new thinking and new behaviours

Market-ready products at

source

Gas delivering

power direct to the grid

Low carbon oil and gas

Reduced carbon footprint

Automated working New skills and learning

Enabling MER UK

Inspiring, accelerating and funding technology innovation

Reduce the cost of wells by 50%

Unlock the 3.4 boe in 210 small pools

Eliminate vessel inspection by 2025

Wells

Small Pools

Asset Integrity

Strong delivery

Pace and delivery since day one

Join us…

Be part of a technology transformation