Norway

Norway

Oil and gas should harness offshore wind success says WindEurope CEO

EUROPE: The oil and gas industry has benefited from the success of offshore wind, as companies diversify their activities, WindEurope CEO Giles Dickson told an event in Norway.

WindEurope CEO GIles Dickson speaks to Windpower Monthly in Paris, November 2015
WindEurope CEO GIles Dickson speaks to Windpower Monthly in Paris, November 2015

Speaking at the Offshore Northern Seas event, a major conference for the North Sea oil and gas sector, Dickson said many companies in the supply chain were working in both sectors.

"The oil and gas supply chain showed real interest in the opportunities offshore wind offers. Delegates were impressed with the industry's growth projections.

"There was significant interest also in the potential of 'power-to-platform' applications to use floating offshore wind power to provide water injection for oil and gas production," WindEurope said.

In May, a DNV GL-led project found increasing extraction from oil reservoirs by using floating turbines is "technically feasible, capable of meeting performance targets and may offer a cost-competitive alternative to conventional solutions".

While operational expenditure for the case study, estimated at €4.7 million per year, is higher than conventional alternatives, the significantly lower capital expenditure of €75 million means that wind-powered water injection "comes out comparable in a 20-year lifecycle comparison," the study concluded

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