Statoil and the 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.

Statoil and NASA have formed an agreement to explore a wide range of technologies to assist Statoil in the search for oil and gas exploration and production efforts, which are increasingly moving into frontier regions. The contract with NASA is effectuated at Jet Propulsion Laboratory (JPL) at Pasadena, California, which is managed by the California Institute of Technology (Caltech).

Statoil has a solid track record of being an innovative energy company and is always looking for safer, more cost-effective and smarter solutions. Collaborating with world-leading institutions and working across disciplines has led to a number of the company's ground-breaking solutions.

"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.

Tags: National Aeronautical and Space Administration (NASA), Statoil