Statoil to buy stake in Norwegian deepwater drilling technology company


By OGJ editors
HOUSTON, Apr. 23 -- Statoil AS has acquired a 12% stake in Norwegian deepwater drilling group Atlantis, which has a patented technology for drilling and production of deepwater oil and gas.

"This solution is based on reducing the distance between a floating installation and the bottom of the sea by installing an artificial seabed," Statoil said. A steel tank installed in 300 m of water would provide a subsea platform that is used for the installation of drilling and production equipment. This artificial seabed would be mounted on well casing that extends from the reservoir and is anchored at the seabed (see schematic, OGJ, Nov. 3, 1997, p. 26).

"This technology is being considered for a number of deepwater areas, both off Norway and internationally," said Martin Sigmundstad, vice-president, industrial development, for Statoil. The concept is the brainchild of Terje Magnussen, who currently serves as technical vice-president at Atlantis/

By using the Atlantis system, Statoil said, rig operations can be carried out quickly and safely in deep water, due mostly to its more-convenient depth at which critical equipment can be installed and operated.

Both BP PLC and Royal Dutch/Shell Group are involved in the planning and construction of the first Atlantis prototype, which will form the basis for possible use of the technology off West Africa.

The Atlantis solution has been patented in roughly 30 countries, with applications pending in 70 more, Statoil said. Other shareholders in Atlantis are Andreas KL Ugland, OT Tønnevold, Aker Kværner, and the Rogaland Research Institute.

Related Articles

Gazprom Neft receives two Arctic shelf exploration licenses

01/26/2015 Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf a...

Estill named chief executive officer of Madagascar Oil

01/23/2015

Madagascar Oil Ltd. has appointed Robert Estill as chief executive officer.

LyondellBasell expands roles of three senior executives

01/20/2015

LyondellBasell has expanded the roles of senior executives Timothy D. Roberts, Patrick D. Quarles, and Kevin W. Brown.

Christmann succeeds Farris as Apache’s president, CEO

01/20/2015 Apache Corp., Houston, has appointed John J. Christmann IV as its president and chief executive officer and named him to the company’s board. He ta...

Shiels appointed chief executive officer of American Energy–Midstream

01/19/2015 American Energy Partners LP (AEP), Oklahoma City, has named David C. Shiels as chief executive officer of affiliate American Energy–Midstream LLC (...

Nebraska Supreme Court vacates lower court's Keystone XL ruling

01/19/2015 Nebraska's Supreme Court vacated a lower court's decision that legislation transferring authority to determine the proposed Keystone XL crude oil p...

Conoco’s Lance calls for repeal of US crude oil export ban

01/15/2015 The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhilli...

Vincent to retire as Swift Energy president

01/14/2015 Houston independent Swift Energy Co. reported that Pres. Bruce H. Vincent has announced his retirement effective Feb. 15, along with his resignatio...

American Energy Appalachia makes executive appointments

01/13/2015 Jeffrey A. Fisher has been named chief executive officer of the newly formed American Energy Appalachia Holdings LLC (AEA), a unit of American Ener...

White Papers

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST



On Demand

Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected