Statoil and NASA finalize research agreement

Statoil

Statoil and NASA have formed an agreement to explore a wide range of technologies to assist Statoil in the search for oil and gas exploration and production efforts, which are increasingly moving into frontier regions. The contract with NASA is effectuated at the Jet Propulsion Laboratory (JPL) in Pasadena, California, which is managed by the California Institute of Technology (Caltech).

“Searching for oil and gas resources has become so advanced technically over the past decade that new solutions and ideas are needed,” said Lars Høier, Statoil’s acting senior vice president of research, development and innovation. “To Statoil, this is a significant opportunity to take technologies developed by NASA and JPL for the harsh and challenging environments of space and to apply them to the equally demanding environments of oil and gas production.”

The contract between Statoil and NASA is expected to run from 2013 to 2018 (with the option of contract extension), and will focus on research involving supercomputing, materials, robotics, development of new tools, and communication optionality.

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