Statoil Backs Badger Explorer

Badger Explorer (BXPL) has received a letter of intent (LOI) from Statoil, where Statoil confirms their intent to support BXPL’s Development Program in 2016.

The objective of the development program is to further develop, design and qualify technologies and solutions for a commercial Badger Explorer tool based on lessons learned in previous programs.

“Statoil have played an important role in defining the Development Program, and have provided advise and support in the technical development. The continued support from Statoil is an important event for our company”, says Øystein Larsen, CEO of BXPL.

In addition to this LOI from Statoil, BXPL and CNPC DR signed a memorandum of understanding in January 2016 regarding CNPC DR’s intention to become a full partner in the Development Program for 2016.

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

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19th Asia Oil and Gas Conference (AOGC 2017)

A high level congregation that needs no introduction, the Event brings forth strategic discourses from global industry captains…

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All-Energy Exhibition and Conference 2017

All-Energy has provided the industry suppliers, experts and thought-leaders from the renewable energy supply chain the opportunity…

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3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

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