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RIG TECHNOLOGY

Statoil subsea concept aims to cut costs

STATOIL has launched a new subsea concept, Cap-X, that is designed to reduce costs by around 30% ...

Haydn Black

Launched at the Barents Sea Conference in Hammerfest, Norway, Statoil executive vice president for technology, projects and drilling Margareth Ovrum said Cap-X was a response to the tough cost-saving targets...

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