+441518081136A new R&D collaborative paradigm; a more artful model
2nd International Conference and Expo on Oil & Gas
December 02-03, 2019 | Dubai, UAE
Abdullah Al Qahtani
PetroART, Saudi Arabia
Posters & Accepted Abstracts : J Ind Environ Chem
DOI: 10.35841/2591-7331-C3-015
Abstract:
Oil and gas companies have been facing major challenges
to adapt to the dramatic decline in oil prices and the need
to drastically cut costs and mitigate risk. R&D has been sought
to develop the required technologies for solving both current
and future challenges in the petroleum industry. Oil and gas
competition for exploration continues to drive the need for
new technology to lower operating costs and increase finding
and recovery rates. R&D in industry has been primarily
driven by technology development and marketing while the
academia research may have different objectives. Over the
last two decades university-industry collaboration has grown
considerably. Oil and gas Operators are motivated to invest in
R&D to improve their operations in different aspects. Service
companies want to increase their market share by developing
technologies through R&D. They also invest in technology
to develop patents, later turned into products or licensing
possibilities that will return a stream of revenue for years.
The competitiveness and innovation of the petroleum
industry has contributed positively to operation efficiency
and excellence. R&D collaboration has been a platform
that enables close alignment to allow knowledge exchange
and coordination to take place, reduces the risks of
inconsistencies across value chain steps, improves efficiency
by elimination of duplicative efforts, and decreases chances
of misunderstanding. Institutional R&D collaboration
provides incentives and opportunities to augment the R&D
collaboration portfolio with other partner types because the
novel, generic knowledge and new technologies generated
can be exploited in more applied R&D collaborative projects
with other partner types. In addition, building up R&D alliance
capabilities requires recognition of the distinct differences
in collaboration processes depending on the partner type.
The challenge remains as to integrate performance analysis
and the analysis of the drivers of R&D collaboration within
a single framework and system of equations and evaluate
opportunities to better assess R&D collaboration paths to
provide more tangibles. Future R&D collaboration should
consider the dynamics of the growth in firms’ heterogeneous
R&D collaboration portfolios, with the performance
consequences of alignment and chronological patterns
forming a promising avenue for further realization.
This paper reviews the current research collaboration
models in the E&P industry and its limitations. Additionally,
it proposes a new research collaboration model to establish
a research platform on which different parties of interest
meet. This is basically to ensure that all R&D are aligned
with business needs and to get the utmost of the research
work from promoting the national research and developing
researchers and to have oriented outcomes that satisfy the
interest of national R&D and service providers.
Biography:
E-mail:
abdullah.qahtani@gmail.comPDF HTML