During the Barents Sea Conference in Hammerfest today, Statoil presented a new subsea concept that is designed to reduce cost and increase efficiency. This concept is called Cap-X.

Cap-X was today presented by Margareth Øvrum, Statoils’, Vice President for Technology, Projects and Drilling.

"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," says Margareth Øvrum.

"With Cap-X, Statoil is one step closer to a “plug and play” solution on the seabed."

This technology increases the efficiency of horizontal drilling in shallow reservoirs.

To read the full article, go here.