Oil giants form tech collaboration to unlock small North Sea pools
Major oil and gas firms have announced a new collaborative project that will use technology to unlock resources from small North Sea pools. The Oil and Gas Technology Centre and Crondall Energy will fund the Facility of the Future initiative, which includes industry giants such as Premier Oil, Total, Lloyds Register, Siemens, Wartsila, Ampelmann and BW Offshore. The new technology, a reusable production buoy concept that extends the life of offshore wells, could be used to exploit and...