Techno-Economic study for Offshore Electrification

Motivation:

Goal7's client required a techno-economic assessment of a proposed electrification project slated for several offshore oil & gas assets in their portfolio, including greenfield (power from shore) and brownfield scopes (offshore modifications to existing assets)

Our Approach:

Goal7 completed a phased approach to the study.

• Phase 1: Review, assess and critique current proposals for electrification of assets
  • Energy requirements, power systems
  • Emissions by installation/asset
  • Critical review of each proposal – including pros/cons, issues/key risks, potential carbon reduction and highlight further work required
  • Development of net basis economic model to allow rapid scenario analysis
• Phase 2: Developed a client-specific strategy with 'independent' solutions/ range of solutions for their assets
  • Build a project on paper focused explicitly on clients' asset requirements, including power from shore and power from offshore wind
  • Develop a credible alternative electrification project
  • Allow comparison and assessment versus base case project
  • Develop a roadmap/ steps required to reach a desired financial target
• Phase 3: Provide strategy input to partner in meetings / communications

Benefit and Impact:

• Clarity on the financial impact on their assets and understanding of economic levers
• Deep dive into the proposed project
• Detail and understanding to allow management decision making and aid in effective dialogue with project partners

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