Herald Scotland: Statoil deal boost for oil and gas research

Norwegian oil and gas giant Statoil has underlined its enthusiasm for the North Sea after forming a partnership with Scottish Enterprise to encourage small and medium sized businesses to develop the technology needed to realise the territory's potential.

The agreement is expected to help the company work with firms in Scotland to develop solutions that could help tackle key challenges facing oil and gas firms.

These include maximising the recovery of reserves from finds in the North Sea and increasing the efficiency of operations in the area.

The agreement forms part of a programme of initiatives that Scottish Enterprise hopes could unlock an additional £80 million research and development spending over the next five years.
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