Perhaps the biggest challenge facing the world today is how to achieve a balance between the need to ensure a secure and cost-efficient supply of energy and the climate effects of energy consumption. We believe that technology and innovation are key to solving these challenges.
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We were among the pioneers of subsea technology in the 1980s, among the first to implement carbon capture and storage in gas production in the 1990s, and developed the first full-size prototype of a floating wind turbine in the 2000s. In 2015 we started production from the world’s first subsea gas compression facilities at Åsgard and Gullfaks fields, and entered a new era of maximising production from existing fields.
Our technology strategy is about prioritising technology for value creation that enables us to achieve growth and access, and sets the direction for technology development and implementation for the future. Our focus is on low cost, low carbon solutions and re-using standardised technologies.
The volatility of the oil price and its repercussions have hit the oil and gas industry hard. In this difficult time we must be efficient today to improve tomorrow. Our industry is facing cost and efficiency challenges and we recognise that we need to adapt our operating model and to become more competitive. Technology development plays a key role in improving the competitiveness of our industry.
One of our measures to increase competitiveness is the Statoil technical efficiency programme (STEP). This initiative is designed to increase our competitiveness across the entire business, delivering growth and savings through developing new technological solutions and new ways of working.
We utilise a range of tools for the development of new technologies:
- In-house research and development (R&D)
- Cooperation with academia and research institutes
- Collaborative development projects with our major suppliers
- Project related development as part of our field development activities
- Direct investment in technology start-up companies through our Statoil Technology Invest venture activities
- Invitation to open innovation challenges as part of Statoil Innovate
Collaboration and cooperation
The key to progress
For 40 years, collaboration between industry, universities, research and government institutions has helped to solve some of the most complex technology challenges our industry has faced.
Innovation and continuous improvement throughout the industry are essential to sustain high performance across our global activities. To maintain competitiveness, we must be at the forefront of technology development and research. In Statoil, we believe in the power of collaboration, and that we can achieve more through working together with others. That is why we invest in exciting new technology start-ups, enter into wide-reaching research cooperation with suppliers, and why we aim to have 50% of our research carried out by external institutions and researchers. At the end of the day, it benefits us all.
SUPPORTING KNOWLEDGE AND LEARNING
Our commitment to external research ensures flexibility and cooperation with other world-leading research institutions. Internally, we focus on priority areas where it is of strategic importance to have world-leading expertise within Statoil, in order to maintain our competitive edge.
Long-term investment in basic research is needed to build world-class expertise. That is why we founded our Academia Programme in 2009 to develop basic research and capacity building at strategically important universities. Through this programme, we collaborate with the Norwegian University of Science and Technology, the University of Bergen, the University of Stavanger and the University of Texas at Austin, to mention a few. Annually, about NOK 90 million of our research budget is distributed through our Academia Programme to universities in Norway and abroad.