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Using wave energy to power oil and gas platforms
Lundin Energy and Ocean Harvesting Technologies are collaborating on a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform. The one-year project will run until February 2022.
Lundin Energy reports that its current carbon intensity per barrel of oil produced is approximately a sixth of the industry world average and it is aiming to be of the first oil and gas companies to achieve carbon neutrality from 2025.
Wave energy is the largest untapped energy source in the world, with global energy content in waves estimated to be up to 30,000 TWh /y – some 10 times the total electricity consumption of the European Union, report the companies.