The Research & Development Corporation of Newfoundland and Labrador (RDC) and Statoil Canada are providing financial support. This follows Kvaerner’s submission last year as part of Statoil’s “Arctic R&D Step Up” initiative, and RDC’s ArcticTECH, a private sector-led R&D initiative in Newfoundland and Labrador formed to address technological gaps in arctic and harsh environment oil and gas development.
Kvaerner’s program will research concepts involving subsea tanks made from concrete. On the seafloor these will enable separation of gas and water from oil produced from an offshore field, and subsequent storage of oil during the production process.
The company will perform the study from its offices in St. John’s and supported by specialists in Oslo. Work is expected to be completed during 1Q 2015.