The OGTC and ORE Catapult recently set out direction for a UK net zero offshore energy system. The key takeaway point (for us) is that by investing in technology today, to create an integrated net zero North Sea, the UK could become a supplier, rather than a buyer, of affordable clean energy solutions in the future. Taking that a step further – this opportunity will be missed if the UK offshore energy sector does not invest now and embrace the cross-industry support required to enable it.
Reimagining a Net Zero North Sea: An Integrated Energy Vision for 2050 shares a vision that we ourselves hold and aim to convey. Offshore wind, oil and gas, hydrogen and CCS must interact/integrate and become interdependent to accelerate the energy transition process and deliver carbon neutrality by 2050. The approach that G2WV is taking holds a similar value at its core – recognising that natural gas has a critical role to play in the transition process, it can also be used to enable and accelerate greener technologies. Existing ‘traditional’ offshore natural gas developments are key to providing the catalyst. Conversion of traditional gas production and export facilities to ‘gas2wire’ brings many benefits to the field operator and partners, as well the energy transition process. For example; reduced OPEX, extended field/infrastructure life, enhanced recovery of remaining resources, lower carbon emissions, methane abatement, increased energy efficiency, acceleration of the roll-out of electrical infrastructure ‘into the basin’, enablement of electrification for brownfield/greenfield projects and pilot/testing programs for greener technologies (including blue, green hydrogen and carbon capture and storage).