Transocean Deploys Hybrid Energy Storage on Floating Drilling Unit
October 02 2019 - 5:23PM
Dow Jones News
By Stephen Nakrosis
Transocean Ltd. (RIG) said Wednesday it has successfully
deployed the world's first hybrid energy storage system aboard a
floating drilling unit.
The system captures energy generated during normal rig
operations and stores it in batteries, the company said.
The new system targets a 14% reduction in fuel use, and will
reduce emissions of carbon dioxide and oxides of nitrogen,
according to Transocean.
The system is being used on the Transocean Spitsbergen, which is
located at the Snorre field in Norway, the company said. The
investment is "funded in part through fuel saving incentives in its
contract with Equinor and by the Norwegian NOx Fund."
"This first of its kind hybrid power upgrade will further
enhance the reliability of our operations, while simultaneously
reducing fuel consumption, operating costs and our environmental
footprint," said Jeremy Thigpen, Transocean's president and chief
executive. "We are pleased and proud to work alongside Equinor to
jointly identify and implement more efficient and sustainable
technology to deliver high-value wells to the industry."
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 02, 2019 17:08 ET (21:08 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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