SBT Energy has reported success for its wave-tank tests and field trials of eight buoy and offshore tank developments which it said could cut production costs by two thirds and per barrel operating costs by 70%. The company is also working on a new wave energy storage system that would be able to store up to four hours of power from the sun or wind at sea in an emergency. The buoys could hold equipment or act as exploration and production locations. The technology has been tested with the support of the University of Edinburgh and the UK Oil and Gas Innovation Centre (OGIC) through the provision of a wave-tank facility and a financial grant respectively. The tests were carried out with the collaboration of the University of Edinburgh and the UK Oil and Gas Innovation Centre.
SBT Energy has reported success for its wave-tank tests and field trials of eight buoy and offshore tank developments which it said could cut production costs by two thirds and per barrel operating costs by 70%. The company is also working on a new wave energy storage system that would be able to store up to four hours of power from the sun or wind at sea in an emergency. The buoys could hold equipment or act as exploration and production locations. The tests were carried out with the collaboration of the University of Edinburgh and the UK Oil and Gas Innovation Centre.