Subsea Technology: A Modern Industrial Adventure

Source: www.gulfoilandgas.com 6/21/2021, Location: Europe

"The development of subsea technology in the 1980s marked the beginning of a modern Norwegian industrial adventure which shaped us as a petroleum nation."

These are the words of Kalmar Ildstad, Director licence management, in a keynote presentation at the Underwater Technology Conference (UTC), a conference focusing on subsea technology.

Ildstad believes that subsea technology will remain entirely crucial in the future, both in order to develop new energy industries and to maintain the high value creation from the oil and gas industry.

In spite of the relatively small size of several of the discoveries on the shelf, they contribute considerable values when the companies use cost-effective development solutions. Subsea technology will be key in achieving this.

More new technology
"Subsea technology has been a tool for good resource utilization on the shelf for 40 years. We want this to continue," Ildstad explains.

The companies invest considerable amounts in research and development annually.

"We expect these investments to lead to the use of more new technology to increase value creation. The industrial adventure marches on!"


United Kingdom >>  8/8/2022 - Seaway 7 ASA is pleased to announce that it has signed a Letter of Award with Moray Offshore Windfarm (West) Limited, to commence early works on the...
Malaysia >>  8/2/2022 - PETRONAS today signed a Memorandum of Understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards esta...

Canada >>  7/28/2022 - Polar Racking announced that they will be supplying PRU ballasted fixed tilt racking and some structural engineering services for two large solar inst...
France >>  7/25/2022 - GTT announces that it has received, in the second quarter of 2022, an order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI)...

Georgia >>  7/22/2022 - SNC-Lavalin Group Inc., a fully integrated professional services and project management company with offices around the world, has been awarded a cont...
United States >>  7/22/2022 - HII announced that its Ingalls Shipbuilding division has been awarded a cost-plus-incentive-fee contract for engineering and design from the U.S. Navy...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.