Norwegian contractor Kvaerner has been backed by Canadian-based research organisations for a new study on using subsea separation and storage technology in frontier Arctic areas as an alternative to surface facilities.
Statoil in Canada and the Research and Development Corporation of Newfoundland and Labrador will support a Kvaerner-led R&D program, which will test the use of subsea oil separation and storage equipment located on the seabed.
Kvaerner submitted a proposal to Statoil’s Arctic R&D Step Up program last year, which led to the R&D contract. Research is to focus on using concrete storage tanks on the seabed to process and separate oil, gas and water from a field.
Research will be carried out in St. John’s in Newfoundland, backed by Kvaerner’s expertise in Oslo, with the aim of completing the work in the first quarter of 2015.
Recommended Reading
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.
US Drillers Add Oil, Gas Rigs for Third Time in Four Weeks
2024-02-09 - Despite this week's rig increase, Baker Hughes said the total count was still down 138 rigs, or 18%, below this time last year.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Range Resources Expecting Production Increase in 4Q Production Results
2024-02-08 - Range Resources reports settlement gains from 2020 North Louisiana asset sale.