Statoil is aiming to revolutionise the subsea market by introducing the Cap-X subsea concept that it developed in-house to develop the Bauge field off Norway, which is a part of the Njord Future project.
The Norwegian Ministry of Petroleum & Energy (MPE) sent out invitations on Friday to several media outlets to attend the official hand-over of an "important plan for development and production" to Norwegian Energy Minister Terje Soviknes on Monday 27 March.
