The study, targeting deepwater offshore and subsea well applications, is sponsored and funded by the Nippon Foundation - DeepStar Joint Ocean Innovation programme and supported by Chevron, Shell, Petrobras and Equinor.
The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.
In its first deployment, the Surface Intervention System (SIS) was mobilised off the coast of Tunisia to set two frac sleeves on two wells.
Equinor, the operator of the field located in the Norwegian Sea, estimates recoverable volume to be 67 million bbls of oil and 1.4 billion m3 of gas.
The company’s share will increase from 23.55% to 46%.