At the Barents Sea Conference in Hammerfest, Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X, the company said in its press release.
Statoil has set tough targets to reduce costs in our project portfolio. During the last decade subsea costs have increased significantly and the industry needs to move from tailor-made solutions to more industry standards.
"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," says Margareth Øvrum.
"With Cap-X, Statoil is one step closer to a “plug and play” solution on the seabed."
Cap-X is a combination of existing and new technology. It is ¼ the size of today’s subsea templates and enables more operations from vessel instead of rig.
The technology increases the efficiency of horizontal drilling in shallow reservoirs. The main structure of the technology can be produced in shorter time by a larger number of suppliers, with potential for local production.
The development of Cap X was initiated in 2013 to increase commerciality of potential resources in the Barents Sea.