VIDEO: Statoil Unveils New Subsea Concept

Norway’s Statoil has presented a new subsea concept at the Barents Sea Conference in Hammerfest, designed to reduce cost and increase efficiency.

The new concept, called Cap-X, is estimated to cut costs by as much as 30% compared with conventional technology.

According to Statoil’s video, which further explains the concept, this could be the standard for the next-generation subsea solutions.

This technology brings Statoil one step closer to a “plug & play solution” on the seabed.

The Cap-X was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.

She said: “Once again we aim to drive subsea technology development on the Norwegian continental shelf together with our industry partners. The potential for increased efficiency and reduced costs can make this the next standard within subsea templates.” 

The Cap-X is based on a suction anchor technology which facilitates the installation on the seabed. It is ¼ the size of today’s subsea templates and enables more operations from vessel instead of rig, the company explained.

The technology has been pioneered by Statoil, Shell and the Norwegian Geotechnical Institute. The development of Cap-X was initiated in 2013 to increase commerciality of potential resources in the Barents Sea.

Subsea World News Staff; Video: Statoil

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Deepwater Operations Conference & Exhibition

The Deepwater Operations Conference and Exhibition provides a unique experience for attendees and exhibitors to share…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >

Rio Pipeline 2017

Rio Pipeline Conference & Exhibition has changed its branding design, to unify the whole pipeline community, in an even more complete event…

read more >