Companies to Collaborate on Developing Challenging Discoveries
Published
Several companies will now collaborate to develop discoveries that are difficult to exploit in a profitable way. The goal is to make it possible to develop more discoveries, including those that are smaller or more complicated than typical projects.
To achieve this, the companies will focus on three areas: technology development, standardisation, and larger scale. New technology can make it cheaper to build and operate developments. Standardisation means that the companies use similar solutions in several projects, which can save time and money. Larger scale means that several projects can share the costs.
At this stage, it is not known in detail which discoveries the collaboration concerns, or how large the investments will be. Nevertheless, the topic is important for Norway, because the petroleum industry is of great significance to the economy and to many jobs. Many discoveries are located far from existing infrastructure, and therefore they are not always profitable when assessed on their own.
The companies say the goal is to develop more discoveries in a profitable way. If the collaboration succeeds, it will show how much cooperation and new technology can contribute to ensuring that the resources on the Norwegian continental shelf are utilised.
Sources: Finansavisen
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