On Sept. 26, RPSEA released its strategic plan for management of research into the oil and gas industry’s biggest technical challenges through 2016 and beyond.
Numerous new opportunities for research exist, highlighted by pressures on the industry through low commodity prices and increasingly stringent regulations, RPSEA said in a press release.
RPSEA said it has begun seeking broader sources of funding for projects and will continue pursuing government funding through various state and federal agencies.
It is also pursuing new project opportunities with individual energy companies, joint industry projects, foundations and nonprofits.
Under the strategic plan, RPSEA will continue utilizing its technical advisory committees to identify research needs and create and manage strong teams to perform critical research, expand the scope of its environmental and safety committee and establish regulatory and investor committees.
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