Minister of Petroleum and Energy, Tord Lien, expects Center for Offshore Mechatronics to contribute to reducing costs in the oil and gas industry.

– The new center at The University of Agder is important as it will work on reducing costs, said Lien as he addressed an OG21-forum in Stavanger Wednesday.

OG21 brings together oil companies, universities, research institutes, suppliers and governmental bodies, to develop and implement a national petroleum technology strategy for Norway.

At Wednesday’s forum, escalating costs was top of the agenda. Lien expressed confidence in the industry’s focus on cutting costs and noted that 8 of the 17 new centers for research-based innovation are relevant for the oil and gas industry. Lien said Center for Offshore Mechatronics is one of two new centers that will work on cost-cuts.

Last Friday, The Norwegian Research Council announced that University of Agder, GCE NODE and partners were awarded a center for research based innovation. The Center for Offshore Mechatronics has a total budget of MNOK 192 over 8 years.

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