23 November 2013, News Wires – Norwegian giant Statoil and the National Aeronautical and Space Administration (Nasa) are teaming up to see how knowledge and technology used for space exploration can be applied to the oilfield.
The co-operation agreement, which runs from this year until 2018 with an option to extend, will focus on the areas of supercomputing, materials, robotics, development of new tools, and communication optionality.
“Searching for oil and gas resources has become so advanced technically over the past decade that new solutions and ideas are needed,” said Lars Hoier, Statoil’s acting senior vice president of research, development and innovation.
He said oil and gas technologies “have more in common with outer space exploration than previously thought”.
Statoil considers itself to be among the most technology-savvy of major energy producers. It spends around $550 million per year on research, development and innovation. It said the tie-up with Nasa “is complementary to the work Statoil already has underway”.
The partnership will be carried out at the Jet Propulsion Laboratory in Pasadena, California. The lab which is managed by the California Institute of Technology.
There were no financial terms provided. Other energy concerns have looked to the space experts for help developing technology.
Consulting firm Deloitte announced a plan to collaborate with Nasa on risk management and safety in the oilfield.
US supermajor Chevron has also worked with Nasa on power transmission, signal processing and electrical actuation in deep water.