the UK Oil and Gas Innovation Centre has reported success for its wave-tank tests and field trials of two thirds buoy and offshore tank developments which it said could cut production costs by eight and per barrel operating costs by 70% . “Investors and the energy industry are looking at lower Capex and Opex solutions with potentially net zero carbon emissions in short life cycles with quick capital payback; SBT Energy’s stable and flexible offshore acreage concepts meets that sweet spot as the facility of the future.” Such reductions would make offshore oil and gas more competitive against shale oil while supporting production rises, job creation and energy security. The buoys could hold equipment or act as exploration and production locations. The tests were carried out with the collaboration of the UK Oil and Gas Innovation Centre and SBT Energy .
the UK Oil and Gas Innovation Centre has reported success for its wave-tank tests and field trials of two thirds buoy and offshore tank developments which it said could cut production costs by eight and per barrel operating costs by 70% . Such reductions would make offshore oil and gas more competitive against shale oil while supporting production rises, job creation and energy security. The buoys could hold equipment or act as exploration and production locations. The tests were carried out with the collaboration of the UK Oil and Gas Innovation Centre and SBT Energy .