We are exploring, evaluating and implementing the three R’s; Re-use, Re-purpose and Re-cycle
- Re-use or adapt equipment and infrastructure in the same or a different location
- Re-purpose wells and reservoirs
- Re-cycle equipment when removing infrastructure onshore and offshore
Examples of potential benefits can be the following, of which some are new and innovative;
- to use existing infrastructure to help accelerate new renewable industries (saving time and money) – e.g. overlap with wind industry, CO2 storage, geothermal
- to combine the throughputs and capacities of existing equipment and pipelines– e.g. smooth transition from hydrocarbons to hydrogen
- to move equipment to a new location and re-use for new oil and gas production or for a combination with renewable industries (again saving time and money) – Self installing platforms, or reusable decks
The industry already has experience with several aspects of re-use. By combining learnings through Nexstep real opportunities can be evaluated, recommended and facilitated.