Technology enables us to explore and produce hydrocarbons cost effectively, maintaining our competitive advantage and through performance, differentiating ourselves as a global partner of choice.
Woodside is focused on bringing new solutions to complex challenges in oil and gas by innovating faster and with greater effect than our competitors. Through innovation in technology and science we are working to:
- Improve the probability of exploration success and reduce the cycle time from exploration to development;
- Capture business opportunities through innovative and competitive development solutions;
- Capture opportunities to improve lifting costs of our production; and
- Actively investigating opportunities to either capture value or mitigate threats from disruptive technologies.
We are investing in, developing and improving technology throughout the exploration and production lifecycle. Our activities focus on four strategic areas:
- Subsurface technology
- Upstream technology
- Downstream technology
- Disruptive technology and innovation
In 2014, we achieved significant progress towards our objective of reduced exploration cycle time through our Full Waveform Inversion program by successfully deploying 2D interpretation. We will continue to innovate and develop this exciting technology for 3D application in 2015.
Through our studies we are focused on leveraging our subsea build and operate experience through a range of subsea processing and long ‘step-out’ studies. This will enable Woodside to maximise the utilisation of our existing infrastructure and create development opportunities for our exploration portfolio, concepts we will continue to mature and develop in 2015.
Our studies have also focused heavily on leveraging our LNG build and operate experience through a range of onshore, near shore and offshore LNG design solutions. Our pioneering Near Shore LNG concept provides an innovative alternative to onshore LNG with a smaller footprint and lower capital expenditure that we continue to mature and develop in 2015.
Near Shore LNG concept
commitment to production excellence resulted in world-class reliability at our Australian facilities, including the North West Shelf Project and Pluto LNG during
2014. We continue to consider innovative technology solutions that
support and maintain production uptime.
Video: Harnessing Disruption
As the world becomes more interconnected, information, insights and ideas from disparate organisations can be quickly disseminated, shared and built on to deliver new solutions to old problems.
We believe collaborative innovation is key to future growth.
And that's the premise of Woodside FutureLab.
Building on our legacy of LNG excellence we're growing a community of world-class innovators and forward thinkers. A focused program embracing open collaboration will see our best and brightest working shoulder to shoulder with leading minds from across our industry and relevant adjacent disciplines, both locally and globally.
By collaborating with researchers, entrepreneurs, subject matter experts and parallel leading industries, we aim to leverage our capabilities and maintain our leading position as a partner of choice.
2016 Australian Oil & Gas Conference: Adapt & Prevail - Can we Use Collaboration & Innovation to Adapt to a New Market Paradigm?
On Thursday, 25 February 2016, Woodside hosted a half-day session at the Australian Oil and Gas Conference (AOG).
- Jackie Harris Chief Procurement Officer (Session Host)
- Brad Russell Lane VP Integrated Activity Planning Woodside,
- Daniel Kalms SVP Australia Business Unit,
- Jose Ruiz, Continuous Improvement Manager Woodside
- Justin Strharsky Director Resources Innovations through Information Technology (Unearthed)
Ken Fitzpatrick Chair of the Oil, Gas and Energy Resources Growth Centre for the Department of Industry, Innovation and Science conducted an interactive survey of the audience to look into the changing face of innovation and what role it plays in the future of our sector.
Click here to view the mentimeter survey results from the session
The session also announced a hackathon event in conjunction with Woodside's FutureLab team and Unearthed to showcase a novel approach to innovation, applied to problems that are recognisable across industries, drawing a diverse range of perspectives in problem solving. Innovation models that offer low investment pathways to growth can offer accessible methods of driving improvements from experience sets not available in-house. They also attract a lot of undergraduate and graduate talent providing a means of engaging future talent that might otherwise exit the region/sector.
Download the brochure