Looking for a specific product?

Make a search for products & suppliers, articles & news.

Statoil and Siemens sign cooperation agreement

Statoil and Siemens have signed a technology development cooperation agreement which 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.

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

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.

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.

Related news

Latest news

SAR Celebrates 2nd anniversary in Kuwait

SAR Celebrates 2nd anniversary of operation in Kuwait.

SAR AS Celebrates 30 years of operation!

The history of SAR goes 50 years back to the late 1960s with the company Septik Tank Co. 

Ready to conquer the world with Hansen Protection Helicopter pilot suits

In 2017, for the first time in the history of helicopter sport, the World Cup in Helicopter Races is going to be held. It is going to take place in 7 countries, and starts on Friday April 7th in Konakovo, Russia.

SeaBass Fisherman's Work / Flotation Suit

SeaBass is a waterproof, buoyant work suit for anyone working on or around water.

Improved Surface Rescue Preparedness can Save Lives

A significant part of the Norwegian fire and rescue services lack good apparel for use in surface rescue operations. This can mean the loss of valuable time in rescue operations in water, and experts now call for a change ...

Historical contract for Norwater AS!

The excitement was at its height at Norwater AS in Høylandsbygd on Wednesday last week. The company signed its biggest contract in history, in strong competition with both Norwegian and foreign competitors. The order book ...

Export Credit Norway Finances Production of Ready-to-use Therapeutic Foods in South Africa

Since being founded in 1948, the Norwegian company GC Rieber Compact has developed into a leading supplier of ready-to-use therapeutic foods to customers such as Doctors Without Borders, the Red Cross, the World Food Progr...

Peru Corporate Day

On 26th September, Oslo Chamber of Commerce will for the first time receive a technological business delegation from Peru to Norway, led by PROMPERÚ.

New contract for delivery of Servogear CPP

The Servogear installation includes CPP propellers,