Statoil has launched a new subsea concept that is designed to “reduce cost and increase efficiency”, according to a company statement.
The Cap-X concept is a combination of existing and new technology, which aims to increase the efficiency of horizontal drilling in shallow reservoirs. Smaller than the size of current subsea templates, the concept can be produced in shorter time by a larger number of suppliers, with potential for local production, and enables more operations from vessels instead of rigs. The development of Cap-X was initiated in 2013 in a bid to increase the commerciality of potential resources in the Barents Sea.
Statoil’s Executive Vice President for Technology, Projects and Drilling, Margareth Øvrum, said in a company statement:
"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.
"With Cap-X, Statoil is one step closer to a ‘plug and play’ solution on the seabed."
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