Statoil, ABB form JIP on subsea electric power use in deepwater

Offshore staff

STAVANGER, Norway – A joint industry program led by Statoil (NYSE:STO), with ABB (NYSE:ABB) as the technology developer, will target the development of solutions to the use of subsea electric power transmission in ultra-deepwater and over long distances.

“A cost-efficient and reliable power supply system is a key element for Statoil’s ‘subsea factory,” says Karl Johnny Hersvik, senior vice president for research, development and innovation’ “The JIP will develop technologies needed to provide electrical power to subsea pumps, electrical submersible pumps and subsea gas compressors for projects on the Norwegian continental shelf, in the Gulf of Mexico, and other places around the world.”

The total cost of the five-year program is $100 million, including ABB funding.

9/5/13

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

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...