STAVANGER, Norway — ABS is providing New Technology Qualification services for pioneering subsea storage technology from NOV.
The joint development project includes NOV, ABS, Equinor, Shell, The Research Council of Norway and The Net Zero Technology Centre. This project unites a group of industry leaders actively enabling an economical subsea storage solution for the market, ABS said.
The subsea technology brings a new solution for the safe storage of larger volumes of fluids such as EOR chemicals, production chemicals, oil, condensate and maritime fuels. The subsea storage system is being designed to be placed at any water depth and adjusted in capacity depending on customer requirements.
The New Technology Qualification process from ABS offers guidance on early adoption and efficient implementation of new technologies, demonstrating their level of maturity and that potential risks have been systematically reviewed.
“We are excited to collaborate with NOV and the other project partners on this new technology. It has the capacity to add flexibility to an operator’s logistical package, especially when topside space is limited, and to improve the overall safety profile of upstream storage needs. Our primary goal is always to work with the offshore industry to verify the components that will allow safe and reliable subsea development,” said Patrick Ryan, ABS senior vice president of global engineering and technology.
The subsea storage technology allows the storage on the seabed of all type of fluids whether it is for the oil and gas industry, as an all-electric enabler, or e-fuels such as e-methanol and liquid ammonia for the rapidly growing shipping industry.