BSEE considered establishing the institute after a recommendation from the Ocean Energy Safety Advisory Committee (OESC), a federal advisory group, which includes representatives from industry, federal government agencies, non-governmental organisations and the academic community.
The recommendation called for establishing a body that will provide a programme of research, technical assistance and education and serve as a centre of expertise in oil and gas exploration, development and production technology.
The proposed institute will provide a forum for dialogue, shared learning and cooperative research among academia, government, industry and other non-government organisations in offshore-related technologies and activities.
The institute will identify technological gaps and recommend improvement of drilling and production equipment, practices, and regulation.
