RPSEA Releases Oil & Gas Technology Roadmap

Plan Outlines Challenges and Research Need for U.S. Industry for the
Next Decade

HOUSTON–(BUSINESS WIRE)–#Energy—RPSEA
has released its Technology Roadmap, a plan that outlines the challenges
and research needs of the U.S. onshore and offshore oil and gas industry
for the coming decade. It takes advantage of RPSEA’s extensive network
leading subject matter experts in looking at challenges best addressed
through investments in R&D, providing value in terms of energy security,
jobs and the economy while improving safety and environmental
performance for the next decade.

The plan, entitled, “Keeping it going for the long haul – the easy stuff
is gone”, provides a roadmap as to the R&D opportunities that will allow
the U.S. to continue to be the leading producer of oil and gas and
natural gas into the future. It includes:

• Technologies that will improve safety and environmental performance;
• Onshore emerging and developing shale plays;
• Offshore satellite fields; and
• Improved recovery for onshore and offshore reservoirs.

“No one knows what the energy industry will look like in the next ten
years, but we do know in order to maintain our leadership position, the
United States must compete on a global basis, take full advantage of
rapidly evolving technology and address the variety of challenges we
will face,” said Tom Williams, RPSEA President.

The Technology Roadmap is evolutionary, building upon the foundation of
RPSEA’s successful program the past 10 years working with the industry,
academia, and the Department of Energy National Energy Technology
Laboratory (NETL). The rapid transfer and application of new ideas and
results will be facilitated by the continuing involvement of producers
and service companies in the planning and execution of the research
program. The emphasis on safety and environmental sensitivity reflected
in this plan will require more direct involvement and communication with
the regulatory agencies and the environmental community.

“The safe and environmentally sensitive delivery of secure domestic
hydrocarbon resources to the citizens of the United States is not the
only outcome of the research conducted under this program,” said
Williams. “While the U. S. is currently a leader in terms of the
development of oil and gas (in particular, the onshore unconventional
shale resources), other nations are beginning to see these resources as
an important component of a plan to move toward a lower-carbon,
sustainable energy mix. While development of these resources in the U.S.
directly yields thousands of high-paying domestic jobs, research efforts
funded by RPSEA’s program are helping to keep U.S. companies and
universities in the forefront of energy technology worldwide.”

This plan was developed through member and key stakeholder involvement,
RPSEA conducted surveys, focused program advisory meetings, and meetings
with industry leaders. RPSEA also asked leaders to identify the grand
technical challenges, then identifying target enabling technology needs,
and the R&D required to develop technologies. The plan also incorporates
information from publications, presentations and reports from technical
organizations, government, science and industry associations.

About RPSEA

Founded in 2002, RPSEA is a unique 501(c)(3) non-profit, national
consortium that provides focused research and development to deploy safe
and environmentally sensitive technology that can deliver hydrocarbons
from domestic resources to the citizens of the United States. Its
membership consists of nine of the nation's premier research
universities, five national laboratories, other major research
institutions, large and small energy producers, and energy consumers. www.rpsea.org

Contacts

HBW Resources, LLC
Jack Belcher, (832) 248-2914
[email protected]
or
SmartMark
Communications
Kristin Marcell, (215) 504-4272
[email protected]