Statoil launches new subsea concept

At the Barents Sea Conference in Hammerfest today, Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. The concept is called Cap-X.
Statoil has set tough targets to reduce costs in our project portfolio. 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. ….