Offshore Market Review
The oil and gas industry is moving towards electrification, with the INTOG leasing round providing a meaningful opportunity to support this process through integration with floating offshore wind technology.
By considering a number of potential approaches to floating wind integration, including a range of technology solutions, this report seeks to demonstrate the benefits of this leasing round to the offshore wind industry.
Integration of offshore wind and oil and gas infrastructure presents some unique and complex technical challenges. It also presents opportunities for cost reduction and novel offtake solutions, which are considered throughout. For example, an off-grid solution would provide a floating wind project with a 100% electrical offtake from an oil and gas installation; however, this would likely require integration with a storage solution or alternative means of electricity production.
ScotWind has seen meaningful commitment to Scotland’s offshore wind supply chain, with 11 of 17 awarded sites seeking to deliver floating wind projects. The INTOG leasing round has similar commitment requirements, and the timescales associated with the projects provide Scotland’s supply chain with further opportunity to support major project activities.
This report considers opportunities within the scope of the Just Transition Commission for both the oil and gas sector and the wind sector. The Scottish Government has stated that support for the oil and gas industry is “conditional upon a sustainable, secure and inclusive energy transition”.
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