The Oil & Gas sector is facing challenges to commit to emission reductions starting with 10% by 2025, 50% by 2030 and 90% by 2040. There is a gap between what is currently technically feasible and what is commercially feasible to deliver this ambition.
It starts with small steps. The opportunity to introduce relevant proven technology from other sectors that may be adapted for Oil & Gas use.
The time taken to achieve emission reductions from operational improvements reductions is shorter (perhaps one to two years) than from step-change actions which require much longer to define, develop and implement solutions (greater than five years) as these are large and more complex projects. Wärtsilä is there as part of your decarbonization journey. Starting with advice on what it is you can immediately do yourself and support you to meet your operational goals.
In today's competitive market, with ever increasing emphasis being placed on environmental performance, your assets need to be fit for purpose for the challenges ahead. This goal can be achieved by optimizing assts performance whilst maintaining a positive environmental impact. For Oil & Gas stakeholders, improvements in operational reliability and efficiency translate directly to increased profitability and a more sustainable future. Ranging from technical advice for optimisation of engines, propulsion system upgrades and improvements, to the latest advancements in digital technologies, machine learning and data intelligence, the available solutions are an effective way of future-proofing operations.
With a range of potential options to choose from, the fuels which give energy to the future Oil & Gas sector are still to be decided upon. Wartsila has invested significant R&D resources on how our products may be adapted to efficiently accept the future green fuels under consideration. You can opt for increased fuel flexibility and be prepared for whatever the future holds. State of the art technology enables the adoption of clean fuels while relying on proven and trusted combustion engines. Furthermore, it also ensures compliance with emissions regulations and introduces potential cost savings too – without compromising reliability and safety.
The future of the Oil & Gas market is becoming clearer. The vision is a step change towards electrification. Where land-based electrification is not viable, a step change solution could include a offshore floating energy hub concept, wind turbine power generation, with swing generation from 4 stroke engines fueled by either gas directly from the well or green fuel. All based upon proven technology: Full or partial electrification of offshore assets through connection to offshore renewables or onshore power distribution networks.