The Norwegian company Green Minerals AS and Oil States Industries (UK) Ltd (“OSI”) have announced a Memorandum of Understanding (MOU) establishing a collaboration for the development of a Harsh Environment Deep Sea Minerals System (HEDSMS) – against a long-term contract for exclusive use in Norwegian waters.
OSI under their OSI Minerals™ brand will lead a Consortium of companies including a major global drilling contractor, a global pump supplier, RiserTec, and SMD to collaborate with Green Minerals on a project covering a full HEDSMS concept study through to the delivery of ore to port, including subsea minerals harvester, pump system, riser system, dewatering station, mining support vessel, and bulk transfer.
Green Minerals will present at Deep Sea Minerals 2022 in Bergen in October.
As part of the agreement, OSI will take a 4,3% ownership stake in Green Minerals by way of issuance of 580,000 shares at NOK 15 per share.
“The MoU with OSI is an important milestone for Green Minerals. It provides us with world-class expertise in all areas involved in the extraction and handling of the mineral-rich ore found on the Norwegian Continental Shelf and helps solidify Green Minerals’ position as the leading marine minerals company on the NCS,” says Ståle Rodahl, Executive Chairman of Green Minerals.
Green Minerals AS is a pioneer in marine minerals on the Norwegian Continental Shelf and – according to their own evaluations – targets a NOK 1000bn (roughly USD 100bn) resource potential on the NCS and expects pilot production to commence in 2026.
“Oil States Industries, a subsidiary of Oil States International, is a major global provider of integrated energy systems and solutions. We enable our customers to build and operate high-performance offshore fields, tying it all together, from beginning to end, with solutions for the most demanding environments. With leading-edge technologies and unsurpassed technical expertise, we deliver reliable, cost-effective solutions to meet drilling & workover, production, lifting and mooring challenges. We also serve customers in the onshore, marine and industrial markets. With a strong track record of supporting customer success for over 75 years, Oil States now translates the proven components and seamless project performance you have come to trust into high-tech, reliable systems and services.» Source: https://oilstates.com/company-profile/
