Oil & Gas Projects

De-carbonisation of Oil & Gas Production – by cost effective Floating renewable Technologies

Floating Power Plant, Lundin Norway AS, APL Norway AS, Semco Maritime, CEFRONT and Aalborg University have been granted 4,79 mDKK by the Danish EUDP - Det Energiteknologiske Udviklings- og Demonstrationsprogram for the project; “De-carbonisation of Oil & Gas Production – by cost effective Floating renewable Technologies”.

DNW GL has been awarded the contract to support the project on rules, regulations and certification.

The project will, with FPP’s combined floating wind and wave technology as the basis, develop and adapt new designs and business concepts, for utilisation in combination with the extraction of hydrocarbons. This is an emerging market but with significant potential.

Advisory board

- To be announced

Communications

Project funding statement

Read the interview with CEO Anders Køhler

The article was published on EnergiWatch.dk on the 22nd of July 2019.

Click to read the article (in Danish)

Project kick-off

To kick-off the project; “De-carbonisation of Oil & Gas Production – by cost effective Floating renewable Technologies”, we brought together all our partners Lundin Norway AS, APL Norway AS, Semco Maritime, CEFRONT and Aalborg University at Floating Power Plant's Copenhagen office, for a two day workshop and of course a nice team building dinner.

The partnership has been granted 4,79 mDKK by the Danish EUDP - Det Energiteknologiske Udviklings- og Demonstrationsprogram for the project; “De-carbonisation of Oil & Gas Production – by cost effective Floating renewable Technologies”. A project that will, with FPP’s combined floating wind and wave technology as the basis, develop and adapt new designs and business concepts, for utilisation in combination with the extraction of hydrocarbons. This is an emerging market but with significant potential.

 

Kick-off meeting with the partners

Timeline of deliverables and milestones

Generic Concepts & development

Renewables in oil and gas

Why combine

CO2 emission from the actual O&G production (extraction and processing) is substantial.

The cost of offshore renewables has come down rapidly, making renewables a feasible alternative to other power generation sources.

New offshore renewable technologies that are feasibly in deeper waters and harsh conditions are emerging.

Driven by the increased focus on climate change and sustainability the general public and some shareholders/investor are increasing the pressure for operators to reduce the environmental impact of operations. E.g. the environmental cost per barrel oil produced is becoming a key CSR parameter.

Renewables can provide increased flexibility in the design of O&G operation both in new field developments but especially in expansions / late life upgrades.

Renewables can provide increased redundancy, increasing uptime.

Moving part of the power production away from the top side can increase safety in e.g. in regard to vibrations, noise, carbon monoxide, ATEX, etc.

As renewables technologies mature the risk profile reduces, making them more feasible to integrate.

Potential applications

Potential applications

FPPs value proposition in Oil and gas

Greater power capacity and a reduced cost of energy.

A more consistent and predictable power output.

Increased safety, both from the lee/harbour effect provided by potentially removing hazardous equipment from other manned platforms on the field.

Technology is built up of High TRL subsystems and standard components from O&G and offshore industry.

The technology is designed for exploitation of high energy sites.

The mooring design secures flexible and cheap operations.

Space for auxiliaries, the P80 has significant indoor area for auxiliary systems e.g. storage, power generation, process equipment, helipads, etc.

Floating Power Plant