Statoil Launches Cap-X Subsea Concept

At the Barents Sea Conference in Hammerfest, Statoil (STO) presented a new subsea concept called Cap-X, designed to reduce costs and increase efficiencies.

 

The Cap-X subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil.

 

“Once again we aim to drive subsea technology development on the Norwegian continental shelf together with our industry partners. The potential for increased efficiency and reduced costs can make this the next standard within subsea templates,” Øvrum said.

 

“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-fourth 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.

 

“We as explorers need to find resources that can be developed at a lower cost and with lower emissions. Cap-X can potentially have a significant impact on developing the resources in the Barents Sea and in other areas with shallow reservoirs,” said Jez Averty, senior vice president for the exploration Norway and U.K. cluster in Statoil.