HOUSTON, Nov. 22, 2013 /PRNewswire/ -- Statoil and NASA have formed an agreement to explore a wide range of technologies to assist Statoil in the search for oil and gas exploration and production efforts, which are increasingly moving into frontier regions. The contract with NASA is effectuated at Jet Propulsion Laboratory (JPL) at Pasadena, California, which is managed by the California Institute of Technology (Caltech).
Statoil has a solid track record of being an innovative energy company and are always looking for safer, more cost effective and smarter solutions. Collaborating with world leading institutions, working across disciplines, has led to innovative solutions for Statoil.
"Searching for oil and gas resources has become so advanced technically over the past decade that new solutions and ideas are needed. To Statoil this is a significant opportunity to take technologies developed by NASA and JPL for the harsh and challenging environments of space and apply them to the equally demanding environments of oil and gas production," said Lars Hoier, Statoil acting senior vice president of research, development and innovation.
"We're excited to work with NASA—one of the leading research organisations globally—to evaluate the development and application of technologies that have more in common with outer space exploration than previously thought."
"This agreement is the latest example of how NASA and JPL technologies can benefit us here on Earth. It's also an example of how collaborations with other industries can be beneficial to space exploration," said JPL director Charles Elachi.
Statoil is among the most technology-intensive of major energy producers, and annually spends USD 550 million on research, development and innovation. The agreement with NASA is complementary to the work Statoil already has underway.
The contract between Statoil and NASA is expected to run from 2013 to 2018 (with the option of contract extension), and will focus on the following research areas: supercomputing, materials, robotics, development of new tools, and communication optionality.
Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges. More information on www.statoil.com