Improved safety and billions more in petroleum revenues
Just before Christmas, the Centre for Drilling and Wells for Improved Oil Recovery was named as of one of seven research centres for Researchled Innovation. The Centre will help to improve offshore safety and to bring Norway many more billion kroner in petroleum revenues. IRIS, SINTEF, the University of Stavanger and NTNU established the Centre last year.
Improved drilling methods will raise safety levels during drilling operations and will provide the fastest route to raising oil and gas recovery rates from existing fields on the Norwegian continental shelf. Enhanced oil recovery prolongs the lifetime of oilfields and brings billions of kroner more to the national coffers.