WoodMac: UK North Sea needs ‘rapid action’ to mirror Norway’s platform electrification successes

WoodMac: UK North Sea needs ‘rapid action’ to mirror Norway’s platform electrification successes

A “tough challenge” awaits if the UK is to replicate Norway’s successes in decarbonising offshore assets, Wood Mackenzie has forecast.

According to analysis from the energy research organisation, there are four key barriers to platform electrification in the North Sea – carbon pricing, cost, capex and power source.

Decarbonising offshore assets will be fundamental if oil and gas companies are to retain their licence to operate in the years ahead.