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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.