Strong strategic and economic rationale to benefit investors and other stakeholders
Gas-to-wire is a means of monetising natural gas through the generation of electricity ‘on site’ on offshore hydrocarbon field infrastructure, which is then exported to the transmission network by either electricity cable to shore or to renewables infrastructure for onward input into the transmission network.
Gas-to-wire can be utilised both in brownfield and greenfield developments noting that brownfield opportunities can be more speedily developed due to the existing infrastructure.
Maximises recovery of gas resources
Extends life of gas fields
Supports transition to ‘net zero’
Gas-to-wire opportunities are a specific segment of the offshore oil and gas sector with unique characteristics which define the approach which must be taken if they are to be developed. Such projects:
- Can be designed to lower project risks in upstream, operational and commercial phases
- Are small scale so requiring the high quality performance commitment of all stakeholders
- Are modular in nature so repeatable processes to improve know-how
- Require careful ‘through-life’ project management to ensure forecasted IRRs are achieved.
From Platform to Grid
The platform is reconfigured for process modifications, electrical systems, gas turbine installation to convert reservoir gas to electricity
A subsea cable system installed and connected…..
The cable is connected to national transmission or grid after meeting with all permissions, approvals and OFTO regulations
With connection in place, electricity can be sold generally under a Power Purchase Agreement, PPA or private contract