Badger Explorer moves ahead after successful test of prototype tool

Offshore staff

STAVANGER, Norway – Badger Explorer ASA says it has successfully completed the Milestone III tests of its prototype formation and reservoir evaluation tool that drills into the seabed by itself, without a rig on the surface.

The third phase tests included operations in a clay formation and then a deeper, closed cavity drilling test at Brumunddal.

Badger’s steering committee, consisting of Shell, ExxonMobil, and Statoil, has approved additional project financing for 3Q 2011.

Badger says this is the pre-commercial phase and that it is in discussions regarding applications such as shallow penetration to map drilling hazards and shallow placement off instruments to monitor a reservoir.

Kjell Erik Drevdal, Badger Explorer CEO, said, “The sponsoring oil companies’ approval is much appreciated and a formal confirmation of the results we have achieved. Our sponsors have also expressed satisfaction with the results and are pleased with the improvements implemented in the tool during the last six months. With this achievement we have significantly reduced the concept’s risk.”

08/18/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...