Technologies shape our future. The industry aims to create an increasingly friendly environment for technology acceleration via open innovation and cooperation. Universities, start-ups ecosystem and corporate R&D already benefit from this concept. The development of collaboration platforms dedicated to the industry will boost that trend even more.

International honorable participants took part in the round table “Technologies of the Future” — Dusan Vakonvic, Innovation & Business Development Manager, ICT HUB, Serbia, Nizar Damree, Manager Business Development, Equinor (Global Strategy & Business), Norway, Alexander Minich, Director of Tatneft, Scientific and Technical Center, Tatneft, Russia, Dmitry Makarov, Head of Commercial Accounting Methodology, Gazpromneft-Aero, Russia, and Mikhail Ryabov, Chief Designer, Oil Energy LLC (Oil Energy) Russia. The round table session was moderated by Tamara Seres, Secretary General of Serbian WPC National Committee, Serbia.

The session took part in one of the exclusive business rooms specially dedicated for round table meetings. Meeting was an open session so except specially invited guests there was a chance to participate in the discussion for people from outside.

Participants with different backgrounds shared challenges and opportunities from every side of the business. Panelists from Tatneft and Gazpromneft gave their thoughts about the situations in their companies and how they support innovative ideas. Renewable sources of energy, supply chain and IT areas are the ones, which will be supported by the companies to be developed further.

Companies want to nurture research and cooperation with universities for innovative ideas. For example, some of the Equinor vice presidents got a budget of 1 million dollars and they can invest in innovative projects.

There was also a discussion about digitalization and how to implement it into the industry. One of participants mentioned about one of already deployed initiative that is called UK National Data Repository- UDR is a data bank that seeks to preserve and promote a country’s natural resources data, such as data related to petroleum exploration and production sector. It consists hundreds of GB of data that are open source now. There was a discussion about promoting this initiative in other regions. Some people say that liberalization of data is fundamental and necessary in order to create better business models in every area and region. From the other side we see many obstacles. Two main problems are legislation in every specific country and confidentiality of data. In Russia there is a legislative problem that reduces the chance to implement some of the Oil&Gas projects.

The oil and gas industry market is very challenging and use of company data is considered as a threat to company stakeholders due to possibility of losing a market share. The industry is facing shortage of data specialist and maybe liberalization of data will be one of the options to find more talented specialists.

One of the panelist mentioned that there is a problem with the mindset. For example, what makes the Americans outstanding is that they are not scared of failures, thanks to this mindset they challenge much more problems than others. If you think about the industry disruptions, you need to think out of the box.

The round table provided an opportunity to discuss many industry problems.