St. John’s – Statoil Canada will invest $5 million in private sector-led research and development (R&D) in Newfoundland and Labrador to address key technological gaps in arctic oil and gas development. The initiative is called: Statoil Arctic R&D Step Up. Companies are invited to submit proposals through an Expression of Interest.

“Statoil has a strategic focus towards developing technology for exploration and production in arctic areas. Our position in Newfoundland and Labrador is playing a strategic role to meet some of our technology needs, building expertise and solving key arctic challenges,” says Atle Aadland, Vice President for Offshore Canada. “This investment, and the collaboration it generates, will enhance our capacity and it is an opportunity to ‘step up’ Arctic R&D in the province.”

Two initial areas have been identified for collaboration with Newfoundland-based technology providers: remote sensing technology for safe arctic operations such as ice monitoring and management solutions and arctic subsea production systems that are robust enough for the arctic conditions.

Selected projects will then be considered for co-funding by the Research & Development Corporation (RDC) through either RDC’s ArcticTECH or PetroleumR&D Accelerator programs.

“Collaborating on R&D projects with local and global technology providers is both strategic and necessary,” according to Glenn Janes, CEO of RDC. “This is an important initiative for both Statoil and RDC. It will not only focus on the technologies required for petroleum development in the Arctic, Newfoundland and Labrador’s offshore and elsewhere, but it will also provide an opportunity to increase the amount of R&D undertaken by industry.”

The Expression of Interest (EOI) process for industry led R&D opened on February 23rd, 2013 and closes March 1st, 2013. The EOI has been posted publicly via bulletins and newspapers.

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, Statoil is committed to accommodating the world’s energy needs in a responsible manner, applying technology and creating innovative business solutions.

A growing part of Statoil’s Canadian operations is offshore Newfoundland, where we have ambitions to become a producing operator. Statoil has built a strong position in the province, managing non-operated production and field developments as well as operating several exploration programs. Statoil is a partner in the Hibernia and Terra Nova fields as well as the Hebron and Hibernia South Extension developments. For more information about Statoil visit www.statoil.com

RDC is a provincial Crown corporation responsible for improving Newfoundland and Labrador’s R&D performance and targets priority areas that align with business needs and development opportunities. Additional information on RDC’s business programs is available online at www.rdc.org.

 
Contact:

For program information: Svein Inge Eide, Research Lead;  Email: svie@statoil.com

Media Inquiries: Erika Pittman, Communications Advisor, Phone: 709 – 738- 8644

To obtain a copy of the EOI:  Marc George, Procurement Lead;  Email: mageo@statoil.com