H1 2015 IR Report Rig-less exploration and monitoring Steinar Bakke Oslo, 20-August-2015 Gunnar Dolven Stavanger, 21-August-2015
Agenda 1.Development Program - status 2.Partners 1.Statoil 2.CNPC-DR 3.Industrial Partners 4.Financials 5.Outlook
Development Program Three main deliverables Q4-2015: Milestone: Status: Solid State Locomotion system Feasibility study finished and delivered report August 2015. Positive conclusion, recommend further work Ultrasonic transducer…
Solid State Locomotion System BXPL is together with a sub-contractor investigating the potential of using piezoelectric actuators to make a locomotion solution. The first part of the project is a feasibility study evaluating the…
Ultrasonic Transducer for Compaction BXPL are developing ultrasonic transducers primarily for the compaction system. The effect of ultrasonic vibrations on compaction has been established through literature reviews and experiments.…
Cuttings Transport System Project with Honeybee Robotics Honeybee Robotics are designing, building and testing a system for cuttings transport, and are currently working with phase 2, prototyping. Parts for the first prototype is in…
Agenda 1.Development Program - status 2.Partners 1.Statoil 2.CNPC-DR 3.Industrial Partners 4.Financials 5.Outlook
Partners Statoil BXPL signed contract for the first phase of Development Program 1.5 MNOK sign-on fee 6.0 MNOK for delivery of Milestone 1 (MS1) MS1 expected to be completed in December 2015 CNPC DR Expected to meet CNPC-DR in…
Agenda 1.Development Program - status 2.Partners 1.Statoil 2.CNPC-DR 3.Industrial Partners 4.Financials 5.Outlook
Industrial Partners Industrial Partner In dialog with the large international industry players
Agenda 1.Development Program - status 2.Partners 1.Statoil 2.CNPC-DR 3.Industrial Partners 4.Financials 5.Outlook
Agenda 1.Development Program - status 2.Partners 1.Statoil 2.CNPC-DR 3.Industrial Partners 4.Financials 5.Outlook
Outlook The oil business is currently undergoing comprehensive changes and cost cuttings which also have a serious effect for BXPL. 2015 has to be completed at minimum cost. BXPL is confident that the agreed technical deliveries…