Insight

Why powering oil and gas platforms with renewables makes sense

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16 October 2019

Why powering oil and gas platforms with renewables makes sense

Report summary

As oil and gas companies strive to reduce carbon footprints, should renewable energy play a greater role in day-to-day upstream operations? Around 5% of offshore wellhead production globally – over 1.7 mmboe a day – is used as fuel to power platforms. Against this backdrop, an unlikely nexus is forming between the hydrocarbon industry and the renewable energy sector. With rapid advances in renewable energy and increasing scrutiny of carbon emissions, the two sectors have much to offer one another. This Insight outlines the benefits of offshore electrification, the renewable power technologies that could be applied, the carbon implications and the opportunity for the Clair South field in the UK. This Insight frames the global opportunity for operators to harness renewable power for their oil and gas operations.

Table of contents

  • What’s to gain?
    • Power from shore
    • Power from existing offshore sources
    • Power from in-situ renewables
  • Which region will make a renewables splash first?
  • What are the carbon implications?
  • Case study: powering Clair

Tables and charts

This report includes 6 images and tables including:

  • Field-level benefits of electrification of platforms
  • Power use offshore vs. power consumption by selected countries
  • Platform opex vs. carbon costs (US$40, US$100 scenarios)
  • Value erosion from carbon-pricing mechanics
  • Fuel gas requirement at the Clair field
  • Location of Clair and Viking Wind Farm

What's included

This report contains:

  • Document

    Why powering oil and gas platforms with renewables makes sense

    PDF 1.18 MB

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