Transocean ltd. announces that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit

Transocean ltd. announced that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit. the system is now operational on the transocean spitsbergen, engaged in drilling operations at the snorre field in norway. transocean’s patented1 hybrid power technology, developed in partnership with aspin kemp and associates, reduces fuel consumption and increases a dynamically positioned rig’s station-keeping reliability by capturing energy generated during normal rig operations that would otherwise be wasted, and storing it in batteries. this energy is then used to power the rig’s thrusters. this important operational and safety enhancement targets a 14% reduction in fuel use during normal operations, leading to a significant reduction in nox and co2 emissions. transocean’s investment is funded in part through fuel saving incentives in its contract with equinor and by the norwegian nox fund.
RIG Ratings Summary
RIG Quant Ranking