Norwegian operator Statoil has developed a new concept for subsea developments aimed at reducing costs by 30%.
The company has created Cap-X, which according to reports in Norwegian media, will bring them one step further towards a “plug and play solution” to the seabed.
A spokesman for Statoil said the technology had been inspired by the company’s previous experience drilling in the Barents Sea.
He said the technology had given “confidence” in creating profitability for the company in the region.
Statoil believes Cap-X, which had first been developed for solving challenge of shallow reservoirs, will also have further potential elsewhere on the Norwegian shelf.
The subsea concept is based on suction anchor technology for mounting installation on the seabed such as Statoil, Shell and the Norwegian Geotechnical institute has been pioneering.
The company has also patented the technology but the company’s spokesman said the move was “not about” other companies being unable to adopt the technology.