Old assets, new tricks: the challenge and promise of brownfield assets
Offshore brownfield developments will be some of the most important energy engineering projects of this decade.
The world is awash with assets reaching their stated end of life – from the North Sea to the Gulf of Mexico, the Middle East and South East Asia. And we probably haven’t reached the peak – the steadily climbing oil price of the early 2000s will have prompted a wave of projects which will turn 25 years old over the next ten years.
Some of these will need to be retired and decommissioned, yet for many others there is life in them yet. From converting these assets to run on renewable energy to introducing CCUS, they also have a valid place in the energy transition. However, despite their value, they’re not always easy projects and require real, rigorous, investigative, problem-solving engineering work.
Download our latest article to find out the challenges and opportunities brownfield sites will pose for the offshore energy industry in the next decade.