Classification Society LR Joins ITF

Press Release
Monday, May 27, 2013

ITF (Industry Technology Facilitator) welcomes to its ranks Lloyds Register, the world's oldest certification authority.

ITF, the technology facilitator for the global oil and gas industry, is a not-for-profit organisation owned by 30 international oil and gas operator and service companies.  It says it is the only global collaborative R&D funding programme operating across continents. 

Founded in 1760, Lloyds Register is the first certification authority to be part of ITF.  As an energy and maritime classification society and independent risk management organisation, the company has expertise in a number of industries including oil and gas, nuclear and renewables, and provides an alternative angle of technology challenges for the energy sector.
Lloyd’s Register provides independent assurance to companies designing and operating high-risk, capital-intensive assets in the energy and transportation sectors with the goal of enhancing the safety of life, property and the environment.  It has offices in 246 locations covering 186 countries, and is operational across all sectors of the energy industry from exploration, production and transportation in the upstream sector to downstream activity and power generation, transmission and distribution.
Through a strategic process, ITF and its members can support and fund projects from concept to commercialisation and therefore introduce game-changing technologies across the energy industry.
CEO Dr Patrick O’Brien said: “It’s a testament to the success of ITF that we continue to welcome new members who understand the benefit of working together to deliver innovative and groundbreaking solutions.  Lloyds Register, our first member from the marine industry, is an industry stalwart who will open up new and interesting arenas for technology advancement.  Together with our other international members, we can work beyond the constraints of competition and find real solutions in a strategic and collaborative way.”
Anthony Alexander, Joint Industry Project Leader from Lloyds Register said: “Over the years we have witnessed a transformation in how technology advances can move from unsubstantiated theory to best practice through ITF’s collaborative model.  We are proud to be part of this group of influential members which encourages and supports innovation and keeps the industry moving forward.”
The announcement comes ahead of ITF’s Technology Conference which takes place this week. Senior figures from many of the world’s largest oil and gas companies will gather in Aberdeen to set their priorities for technology development in 2013.


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