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“This project is significant becauseif successful, it will clearr the way to more affordable, more realistic deepwater production,” said Jim a spokesman for RPSEA. “The current situatiom in deepwater exploration is that often companies drilkl several deepwater wells andcommingle production. Measuring the flow from each well and allocating the oil and gas production is a big issue atthose depths,” Chitwood said. Both the Department of Interiofr and have called for advances in technology to address issues in measuringv and monitoring deepwater production and this project is expected to addresxs thosetechnology gaps.
Funding for the projec t comes from the federal government plus a coalition of oil and gas companieseincluding , , , , , and . The Letton-Hall research team plans to also draw on the deepwatef expertiseof Houston-based , a global leader in remotely operatexd subsea vehicles. RPSEA projects are authorized and funded by the Energyh Policy Act of 2005 through lease bonuses and royalties paid by industryh to produce oil and gas onfederakl lands.
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