Transocean Deploys Hybrid Energy Storage on Floating Drilling Unit

   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 [e-mail]

(END) Dow Jones Newswires

October 02, 2019 17:08 ET (21:08 GMT)

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