UK-based offshore oil and gas operator Serica Energy has embarked on a groundbreaking partnership with Swedish floating wind turbine developer SeaTwirl.
The two companies have formalized their collaboration by signing a Memorandum of Understanding (MoU) aimed at exploring innovative methods to decarbonize Serica’s offshore assets in the North Sea.
This joint effort will focus on harnessing renewable energy sources, particularly through the deployment of floating wind power and subsea energy storage, to reduce the carbon footprint of offshore operations.
A Strategic Alliance for Renewable Energy and Subsea Storage
The partnership between Serica Energy and SeaTwirl is poised to revolutionize the approach to offshore electrification.
By pooling their expertise, the companies will work together to gather and analyze data from Serica’s existing operations.
This collaborative effort will enable SeaTwirl to evaluate the commercial feasibility and practicality of implementing their advanced floating wind turbine technology in the context of offshore energy assets.
The focus will be on identifying opportunities where renewable energy can effectively replace traditional energy sources, thus contributing to significant carbon emission reductions.
Serica Energy’s North Sea Portfolio
Serica Energy boasts a robust portfolio of 11 producing fields in the North Sea, with a projected production guidance for 2024 ranging between 41,000 to 46,000 barrels of oil equivalent per day (boed).
The company’s operations are centered around two primary hubs: the Bruce hub, where Serica serves as the operator, and the Triton Floating Production Storage and Offloading (FPSO) unit, which is operated by Dana Petroleum, a partner of Serica.
In addition to these hubs, Serica Energy operates the Columbus and Orlando fields and holds a partnership stake in the Erskine Field located in the UK Central North Sea.
Notably, Serica’s assets are recognized for operating at a lower carbon intensity compared to the average production levels on the UK Continental Shelf (UKCS), demonstrating the company’s ongoing commitment to sustainable practices.
The Vision of a Low-Carbon Future
Johan Sandberg, Chief Executive Officer of SeaTwirl, expressed his enthusiasm for the partnership, highlighting the innovative spirit of Serica Energy.
He stated, “We are truly excited to enter into this MoU with such a strong and innovative oil and gas operator as Serica Energy, who operates multiple assets in the North Sea and who has a solid reputation around innovation and decarbonization of their operations.”
Sandberg emphasized that the collaboration aims to explore a wide array of options, with a clear ambition to develop an electrification solution that could potentially be a pioneering model for the industry.
Conclusion: Pioneering Offshore Decarbonization
The collaboration between Serica Energy and SeaTwirl marks a significant step toward the decarbonization of offshore oil and gas operations.
By leveraging renewable energy sources like floating wind power, the partnership aims to set a new standard for sustainable offshore practices.
This initiative not only aligns with global efforts to combat climate change but also positions both companies as leaders in the transition to a low-carbon future.
The focus on decarbonization, renewable energy, and subsea energy storage underlines the strategic importance of this partnership in shaping the future of offshore energy production.