Oilfield services company NOV has launched a joint industrial project (JIP) with Norwegian state-owned energy company Equinor and Brazilian oil and gas company Petrobras to work together to qualify subsea chemical storage technology towards field deployment.
JIP is developing a subsea storage unit of up to 200 cubic metres, NOV’s Subsea Production Systems reported on social media.
According to the company, the unit is designed to reduce overhead footprint and vessel operations, while supporting long links and fully electric field development concepts, as qualification progresses.
This comes a day after NOV announced it would be making an announcement Investment of 200 million dollars To nearly double capacity at its subsea flexible pipe manufacturing facility in Brazil due to expected increased demand.
Investment in the manufacturing facility in Açu will take place over the next three years, with additional capacity expected to be available in late 2029.
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