Norwegian energy producer Statoil and the US National Aeronautical and Space Administration (NASA) have formed a partnership to explore how technologies and knowledge from the space and oil and gas industries can be relevant to one another.
"Searching for oil and gas resources has become so advanced technically over the past decade that new solutions and ideas are needed. To Statoil this is a significant opportunity to take technologies developed by NASA and JPL for the harsh and challenging environments of space and apply them to the equally demanding environments of oil and gas production," said Lars Høier, Statoil acting senior vice president of research, development and innovation.
"We're excited to work with NASA—one of the leading research organisations globally—to evaluate the development and application of technologies that have more in common with outer space exploration than previously thought."
To read the full press release, please visit The Norway Post.