During the last decade subsea costs have increased significantly and the industry needs to move from tailor-made solutions to more industry standards. At the Barents Sea Conference in Hammerfest today, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil, the new subsea solution is called Cap-X.
With Cap-X, Statoil is one step closer to a “plug and play” solution on the seabed. Cap-X is a combination of existing and new technology. It is one quarter the size of today’s subsea templates and enables more operations from vessel instead of rig. The technology increases the efficiency of horizontal drilling in shallow reservoirs. The main structure of the technology can be produced in shorter time by a larger number of suppliers, with potential for local production.
The development of Cap X was initiated in 2013 to increase commerciality of potential resources in the Barents Sea.
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