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Partnering with Equinor and OGTC to drive the reduction of CO2 emissions

NOV signed an agreement with Equinor and the OGTC as a part of the qualification for an oil and condensates unmanned subsea storage system.

Apr 21, 2020

NOV recently signed an agreement with Equinor and the Oil & Gas Technology Centre (OGTC) in the UK as a part of the qualification for an oil and gas condensates unmanned subsea storage system, providing a low CO2 solution for replacing floating storage units.

This agreement is driven by the strategic initiative to reduce the CO2 emissions in the North Sea by 2030, which also fits with Equinor’s strategy to move towards carbon free production.

We recognize the industry shift for smarter, more environmentally friendly energy production globally, and have spent the last several years developing innovative subsea technologies to answer current challenges in carbon, risk, cost, operations, and re-usability. With this in mind, we have various disruptive subsea technologies that have been developed and qualified with major operators, including subsea water treatment and injection; automated pigging; and storage for oil and condensates, produced water, and chemicals.