Patent-Based Technology Life Cycle Analysis: The Case of the Petroleum Industry

Mohammad Dehghani Madvar, Hossein Khosropour, Abdollah Khosravanian, Maryam Mirafshar, Morteza Rezapour and Behrouz Nouri
Additional contact information
Mohammad Dehghani Madvar: Department of Renewable Energy, University of Tehran, Tehrān, Iran
Hossein Khosropour: Young Researchers and Elite Сlub, Central Tehran Branch Islamic Azad University, Tehran, Tehran Iran
Abdollah Khosravanian: Department of Chemical and Petroleum Engineering, Sharif University of Technology, Tehrān, Iran
Maryam Mirafshar: Allameh Tabatabai University, Tehrān, Iran
Morteza Rezapour: Research Institute of Petroleum Industry, Tehrān, Iran.
Behrouz Nouri: Research Institute of Petroleum Industry, Tehrān, Iran.

Foresight-Russia Форсайт, 2016, vol. 10, issue 4 (eng), 72-79

Abstract: Decisions for determining the current stage of technology life cycle (TLC) based on reliable data, are necessary. The inherent links between patents and science and technology make them essential sources for data on any technology. In the light of this, and considering the importance of patent information for the firm’s strategic decisions, we have attempted to use patent data as a source of information to identify the level of a technology in the S-Curve. This paper starts with the literature review of the life cycle and the role of patents at the various stages of technology development, and then focuses on a technology trend analysis framework using patent data, and discusses the life cycle of CO2 injection technology in the upstream sector of the global oil and gas industry. In the final section, the results are presented based on an analysis of patent data on CO2 injection technology as were recommendations concerning the application of the methodology in future studies as it might be an effective tool for better analyzing any desired technology.

Keywords: technology life cycle; S-curve; patent analysis; CO2 injection (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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