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