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OIL AND GAS
Cerulean Winds aims to make UK's oil and gas production cleanest in the world
by Staff Writers
Glasgow, Scotland (SPX) Jul 21, 2022

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Green energy infrastructure developer Cerulean Winds has revealed it will bid for four seabed lease sites to decarbonise the UK's oil and gas sector as this scale will remove more emissions quickly, keep costs lower for platform operators and provide the anchor for large scale North-South offshore transmission.

The floating offshore wind and green energy proposal for Crown Estate Scotland's Innovation and Targeted Oil and Gas leasing round (INTOG) includes four 1.5 GW sites of floating wind power.

With well over 6 billion pounds of investment proposed for each 100-turbine site, the scheme would abate tens of millions of tonnes of CO2 in line with North Sea Transition Deal targets.

Cerulean Winds, with its selected delivery partner NOV, has been engaging the supply chain for over 18 months and has a live request for information (RFI) with UK yards for the fabrication and assembly of its tri-floater technology.

The steel floating bases would constitute hundreds of thousands of tonnes of steel, which unlike cement fixtures, can be floated out from shore which is ideal for the UK.

The development would create over 10,000 jobs many of which would be high value manufacturing jobs in Scotland as a new generation of automated and hi-tech fabrication and assembly is established.

Dan Jackson, founding director of Cerulean Winds said: "We have a big, bold bid, which is ready to go on scaling the green economy, creating thousands of jobs and making Scotland's oil and gas production the cleanest in the world.

"The scale we are proposing makes the project economics appealing for providing affordable green power to the platforms to replace gas and diesel generation through a combination of green electrons from wind and molecules from hydrogen.

"We are absolutely committed to the local supply chain benefitting from this development and far surpassing local content targets. Our base structure design can be floated in very shallow water depths suitable for the UK, unlike alternative cement floating wind structures which require 90 metres so can't be built here."

The Cerulean Winds team is led by serial entrepreneurs Dan Jackson and Mark Dixon, who have more than 25 years' experience working together on large-scale offshore infrastructure developments in the energy industry.

A consortium of tier 1 contractors are in place as well as a number of industrial and financial partners, leading financial services groups Societe Generale and Piper Sandler, who have robustly engaged the financial markets. The development requires no subsidies so there is no expectation on the public purse. INTOG is for a very specific purpose and cleaning up the oil and gas industry does not need to be subsidised by the taxpayer, say Cerulean.

Jackson added: "There is a lot of concern about rising energy prices and energy security. Wind and green energy at this scale are a big part of the solution. We are engaging with oil and gas operators and can see the appetite is there to get behind cleaning up production, and we can deliver in a way that minimises disruption. Whilst smaller piece meal wind developments are useful for testing concepts or innovations, it will take a UK wide solution to remove the emissions at the pace required to hit the net zero targets governments. Furthermore, our large scale scheme lowers the LCOE - cost of the power - which is highly attractive to the operators."


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Senior military figures from Libya's rival eastern and western power bases have held an unprecedented meeting in the capital Tripoli, calling Tuesday for a unified command over their troops. Two rival governments are currently vying for power, one based in Tripoli, the other in the central city of Sirte. General Abdelrazzak al-Nadhouri, second in command of forces loyal to eastern strongman Khalifa Haftar, visited Tripoli on Monday and Tuesday to meet with his counterpart in the country's west, ... read more

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