National Oilwell Varco (NOV) has acquired 97% of the shares in Seabox for an undisclosed amount from a group of shareholders led by HitecVision.
Seabox is a Norwegian subsea technology company founded around the patented SWIT technology (Subsea Water Intake & Treatment). The technology enables treatment of raw seawater on the seabed (as opposed to on a platform) for injection into oil & gas wells for pressure support and increased oil recovery.
The company was established in 2004, and has, through a series of Joint Industry Projects backed by the Norwegian Research Council and by potential end-users such as ExxonMobil, ConocoPhillips, Shell, Total, Statoil, GDF Suez and others, developed the technology to a level where it is now ready for commercialization. Seabox has 12 employees.
Helge Lunde, CEO of Seabox comments: “We are very excited to team up with NOV’s global organization, which will significantly increase our reach and chances of succeeding in commercializing our technology. We are both proud and happy for their recognition of our efforts and technical solutions, and their commitment to backing us through the coming growth phase. We are convinced that our growth will be faster and stronger together with NOV.”
Michael Hjorth, President of Flexibles and Subsea Production Systems, comments: “NOV has a strong history and presence in Norway, where some of our key technologies for drilling, turret mooring and deck cranes have been developed, and to a large degree also manufactured. When it comes to subsea, which is an area where NOV wants to develop and expand, Norway is pretty much the “Silicon Valley” of the industry, so it is natural for us to search for new technologies and ideas here. In Seabox we have found what we deem to be innovative yet robust technical solutions, which offer more cost effective solutions but more importantly will offer the oil & gas companies greater flexibility in optimizing their reservoir drainage and field profitability. This is a huge market, with some 250 million barrels of seawater injected daily world-wide, which is almost three times the daily oil production. We are excited to explore these market opportunities together with Seabox.”
In the following video, National Oilwell Varco (NOV) and ULSTEIN present what they describe as the “next generation of modern offshore vessels.”
According to the caption of the video published on Ulstein’s YouTube channel “this is the standard for future offshore construction.”
The vessel platform used is the ULSTEIN designed Deepwater Enabler.
The 160.0 m long Deepwater enabler is a Multi-purpose Offshore construction vessel of a highly flexible design that can, according to Ulstein, be customized to meet client’s specifications and requirements.
The construction vessel is designed for various offshore operations. With a simplistic customization process it can be used to install and maintain offshore wind turbines, as well as for flex-lay, well intervention and slim hole drilling operations for the offshore oil and gas industry.
If February this year, Toisa placed an order for a construction vessel of the Deepwater Enabler design. The vessel will be built by South Korea’s Hyundai Heavy Industries.
See the video below:
November 6, 2012-Houston–
NOV’s gift will be used to establish the National Oilwell Varco Computational Engineering Laboratory and to conduct contractual research for UH’s subsea engineering program and NOV.
The computational lab will be used to perform detailed computational calculations on complex subsea equipment that must operate under high-temperature and high-pressure oil and gas conditions that occur in ultra-deep subsea reserves.
The lab also will support the subsea engineering curriculum and students, enabling them to complete capstone design projects using the latest in computational subsea engineering tools.
Recently, UH received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea engineering specialists. UH already offers a certificate program in subsea engineering, which also is the only such program in the United States.
“NOV has made an important investment in UH’s efforts to build a premier graduate program in subsea engineering. We are grateful to NOV for recognizing the value of this ambitious energy initiative,” said Matthew Franchek, founding director of UH’s subsea program and a mechanical engineering professor.
“The subsea engineering graduate program is part of UH’s ongoing efforts to support the area’s energy sector,” Franchek said. “With NOV’s help, this program will produce students with the skills needed to overcome the unique challenges of deepwater exploration.”
The Texas Higher Education Coordinating Board approved UH’s proposal to provide a graduate subsea engineering program, which is expected to begin in fall 2013.
Formed in partnership with the world’s leading energy engineering companies, the master’s program will include classroom lectures and hands-on software education for subsea systems design. Recognized experts in the industry will teach the courses.
Offshore oil and gas reserves are increasingly important sources of energy. Some experts believe that billions of barrels of oil and trillions of cubic feet of natural gas lie within federally controlled waters in the Gulf of Mexico alone. But these massive reserves lie underneath 10,000 feet of water, presenting unprecedented engineering challenges such as freezing temperatures, corrosive seawater and immense water pressure.
A subsea engineer is responsible for the design, installation and maintenance of the equipment, tools and infrastructure used in the underwater phase of the offshore oil and gas drilling and production.
Last year, UH began its subsea engineering certificate program in response to the oil industry’s increasing need for these skilled engineers. It was the first of its kind in the U.S. Subsea engineering typically has not been considered a distinct discipline in the U.S., but a number of universities abroad offer degree programs in the field.
The new subsea graduate program will dovetail into UH’s growing petroleum engineering program, which two years ago established an undergraduate degree program in addition to its graduate curriculum.
About the University of Houston
The University of Houston is a Carnegie-designated Tier One public research university recognized by The Princeton Review as one of the nation’s best colleges for undergraduate education. UH serves the globally competitive Houston and Gulf Coast Region by providing world-class faculty, experiential learning and strategic industry partnerships. Located in the nation’s fourth-largest city, UH serves more than 39,500 students in the most ethnically and culturally diverse region in the country.
- UH to offer first subsea engineering program (fuelfix.com)
- Sea Trucks Secures Subsea Installation Contract in Mexico (mb50.wordpress.com)
- Subsea equipment providers see boom ahead (fuelfix.com)
- National Oilwell Varco sees rig technology sales climb (bizjournals.com)