Oil and Gas Technology Centre sets out new vision for establishing North Sea basin as a globally significant clean tech hub
A new era of net zero energy production has the potential to transform the North Sea into one of the world’s leading clean technology hubs, according to a major new report from the Oil and Gas Technology Centre (OGTC).
The wide-ranging plans hail the potential for the basin to become a test bed for next generation offshore wind turbines boasting larger blades and taller towers, saltwater electrolysis plants capable of slashing the cost of green hydrogen production, and the development of advance catalyst materials for the manufacture of hydrogen fuel cells. The electrification of oil and gas platforms, methane leak detection and flaring mitigation, meanwhile, could help to limit the climate impact of fossil fuel production and provide a show case for how the fossil fuel industry can support the transition towards net zero emissions.
The sweeping plans are outlined in Closing the Gap: Technology for a Net Zero North Sea, a report by global energy and infrastructure consultancy Wood Mackenzie on behalf of the Oil and Gas Technology Centre (OGTC), with support from exploration and production firm Chrysaor and the Scottish Government.
Delivering on the roadmap would cost as much as £430bn, but could generate more than £2.3tr in value to the UK economy, providing up to 200,000 jobs and significant manufacturing opportunities in the process.
The report urges the government to “invest now to close the gap on the key technologies needed to make this