Projects

Project

Premier Oil - PB3 PowerBuoy feasibility study - Phase 1

Technology Organisation

Premier Oil

Premier Oil plc is a leading independent exploration and production company with oil and gas interests in the North Sea, South East Asia, the Falkland Islands, and Latin America.

http://www.premier-oil.com/

Premier Oil - PB3 PowerBuoy feasibility study - Phase 1

Project summary

We co-funded a successful project with Ocean Power Technologies and Premier Oil to study the feasibility of using the PB3 PowerBuoy for decommissioning operations in the North Sea.

The project determined the viability of using the PB3 Powerbuoy for monitoring and guarding remaining wells and subsea equipment after removal of a floating production, storage and offloading vessel and prior to subsea decommissioning and/or well plugging & abandonment operations.

The successful study paved the way for a field trial in 2018.

Challenge

Marginal Developments

Vision

Fix Today

Entry TRL

4

Field Trial

No

Technology

OPT Wave Power

Type

Develop

Target TRL

8

Potential Industry Value

Feasibility study leading to a field trial.