The North Sea Transition Authority (NSTA) is piloting a new approach as part of its work with industry to overcome barriers to ensure that oil and gas assets enable energy transition. In this instance, opportunities relate to the repurposing of terminals, platforms, subsea structures and wells, for use in CCUS, offshore hydrogen and offshore renewables.
In the recent announcement, Pauline Innes, Head of Decommissioning at the NSTA, said:
“Repurposing makes sound business sense from a cost perspective, and it’s also good from an environmental point of view – helping operators fulfil their North Sea Transition Deal pledges to lower emissions and guide the country to net zero.”
During the late life operating phase of an oil and/or gas field, at least six years prior to the expected cessation of production (CoP) date, operators must evaluate the re-purposing potential for the assets. Going forwards, they will be asked to screen infrastructure using a standard template, which is anticipated to provide invaluable data and feedback.