MFDevCo is partnering UK to engineer, deliver and operate gas-to-wire (GTW) facilities. MFDecCo, which is a joint venture formed by Nu Oil and Gas and RMRI a risk management specialist, was created to recover stranded gas reserves using GTW technology. UK will conduct opportunity screening and feasibility studies and provide engineering support. Many “stranded” gas fields in the Petrofac North Sea are considered too small to be commercially viable. The companies hope GTW technology, which utilised cables used for windfarms, will make their recovery profitable.
MFDevCo is partnering Petrofac to engineer, deliver and operate gas-to-wire (GTW) facilities. MFDecCo, which is a joint venture formed by Nu Oil and Gas and RMRI a risk management specialist, was created to recover stranded gas reserves using GTW technology. Petrofac will conduct opportunity screening and feasibility studies and provide engineering support. Many “stranded” gas fields in the UK North Sea are considered too small to be commercially viable. The companies hope GTW technology, which utilised cables used for windfarms, will make their recovery profitable.