Contractors Unlimited

Statoil Sign Technology Partnership with Siemens

Statoil logo Statoil and Siemens have signed a technology development cooperation agreement. The partnership will initially embrace wind power, subsea technology, electrical engineering technology and energy efficiency measures.

Cooperation between the companies facilitates the development of future path-breaking technology.

Based on complementary user needs and technological opportunities we aim at developing technological solutions that contribute to more environmentally friendly, effective production.

"This is a strategically important agreement for Statoil," says Halfdan Knudsen, senior vice president for process and refining technology in Statoil.

Siemens is an important Statoil supplier within several areas, and the two companies already cooperate in the technology development area.

An umbrella agreement has therefore now been developed, structuring the framework of the technology partnership within R&D and technology development and facilitating the start-up of new cooperation projects.

Three Areas

The technology cooperation initially focuses on:
  • Wind power
  • Subsea technology
  • Electrical engineering technology and energy efficiency measures
"In these important areas Statoil needs to work closely with the suppliers in order to ensure the required technology development," Knudsen says.

Cooperation Important

He finds it highly important that the customer and supplier cooperate in the technology development area.

"As users we get to define adequate requirements for functionality and describe the conditions under which the equipment will operate. The supplier often possesses extensive skills within product design, fabrication and commercialising of the specific technology," Knudsen says.

The cooperation agreement contains guidelines for the rights of use of the results.

Working closely with the various suppliers regarding technology development is part of Statoil's strategy. Statoil has already signed technology cooperation agreements with five other companies.

Strong Research Community

Statoil this year spends NOK 2.2 billion on research. About half of this is spent externally.

Siemens last year spent about NOK 31.5 billion on research and development. This represents five percent of the company's revenues.

Statoil finds it important that our partners take research and technology development seriously, and that these activities cover areas that are relevant to the company.

The costs of the cooperation projects are split 50/50 between the parties.

Facts about Siemens:
  • Siemens AG is a global industrial company within electronics and electrical engineering. The company has 400,000 employees, almost 32,000 of whom are involved in research and development.
  • The company is one of Statoil's main suppliers within automation systems and electrical equipment for our facilities, such as motors, switchgears, transformers, generators and wind turbines.
Statoil (OSE: STL, NYSE: STO) is an international energy company headquartered in Norway. It has more than 35 years of experience from oil and gas production on the Norwegian continental shelf and has currently operations in 40 countries. Statoil is among the world's largest offshore oil and gas operators and is seen as a leader in technology and resource management. Statoil has 29,000 employees worldwide, and is listed on the New York and Oslo stock exchanges with a market capitalisation of approximately USD 70 billion. Equity production in 2009 was 1,962 000 boepd and booked reserves of oil and gas is reported at 5.4 billion barrels.

Published 09/12/2010

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