• Oil and gas fields can to a large extent be electrified without power from shore
• Significant emission reductions can be realised with impact already in 2024
• This can lay the foundation for a large export industry based on offshore floating wind for Norway

• The UK and Norway have set ambitious emission reduction targets for 2030
• Offshore floating wind has been identified as the key tool to de-carbonise the oil and gas industry in both countries
• Policymakers must enable the floating offshore wind industry to deliver on these targets

Odfjell Oceanwind has entered into a Memorandum of Understanding with the Norwegian exploration and production company OKEA and the utility company TrønderEnergi to jointly evaluate the potential of developing a floating offshore wind farm connected to the Draugen platform.

• The oil and gas industry in Norway has set an objective to reduce its emissions by 50% by 2030
• Halving the emissions from oil and gas installations means having to shift their power generation systems from fossil fuels to renewable energy
• Odfjell Oceanwind’s Mobile Offshore Wind Units (MOWUs) and the WindGrid™ hybrid system allows operators to reduce CO₂-emission by up to 70% compared to power generation from gas turbines only
• The WindGrid™ system is developed based on the learnings from the hybridisation and de-carbonisation of Odfjell Drilling’s rigs

Odfjell Oceanwind is, together with its partners Siemens Energy and Siemens Gamesa Renewable Energy, a finalist in World Oil’s 2021 New Horizon Idea Award for its Mobile Offshore Wind Units (MOWUs) and WindGrid™ system.

• A fit for purpose, predictable commercial framework for de-carbonisation is necessary to accelerate investment decisions and to deliver on the oil and gas industry’s de-carbonisation goals.
• The legal framework needs to be up to date in order to not slow down the green shift.
• Mobile offshore wind can be an efficient de-carbonisation solution for oil and gas.

Odfjell Oceanwind's unique portfolio of proprietary solutions for floating offshore wind was presented at Pareto Securities’ 28th annual Energy Conference 2021 in Oslo.

Below you can watch the full video of our CEO Per Lund’s company presentation in which he presents the company’s history, philosophy and plans for the future.

Watch the presentation (video):