New technology will reduce costs in the Barents Sea – Romsdals Budstikke

Under the Barents Sea Conference in Hammerfest Tuesday launched Statoil’s technology director Margaret Øvrum a new concept for drilling at shallow depths in the Barents Sea.

On some projects, costs can be reduced by up to 30 percent, the company claims.

– The advantage of the new design is that we can get easier and quicker out in horizontal drilling. That means we may have fewer wells and reach over wider areas, say Øvrum said. (© NTB)