The Government of Canada has approved funding for the Waterford Energy Services Inc. (WESI) and Saitec Offshore project designed to power offshore drilling platforms using a ready-to-use renewable energy solution.
The funding program was designed to support programs that would help reduce greenhouse gas (GHG) emissions from offshore oil and gas activities in Newfoundland and Labrador. The funds awarded to the Saitec-WESI partnership come from a competitive process in which around 100 plans were evaluated for a pool of $ 24.4 million.
âThe partnership between WESI and Saitec combines the technical know-how and offshore oil and gas engineering of WESI with the floating wind expertise of Saitec,â the companies said.
Together as part of their project titled “Modifying Mobile Offshore Drilling Units for Shared Renewable Energy Supply and Storage, WESI and Saitec plan to develop solutions for harsh environments and create a project plan for the creation of renewable energy. a renewable “plug-and-play” option for offshore drilling rigs and other offshore or nearshore installations in Newfoundland and Labrador, Canada and abroad
A second phase of the project, not covered by the announced government funding, aims to develop a field demonstration in which energy will be produced by a floating wind turbine and transmitted to an offshore or near shore facility.
Blair MacDougall, President of Waterford Energy Services, said: “There is no reason why we cannot be leaders in renewable and non-renewable energy technology, and that fits the vision perfectly. of Waterford to have our feet firmly planted in both spaces. Saitec is a great partner for us, our skills and capabilities complement each other very well. It’s amazing how our joint venture was born in the midst of a global pandemic, but it speaks to our collective belief that we can make this project a reality in the near future. “
David Carrascosa, Chief Technology Officer, Saitec Offshore Technologies, said: âWe are very grateful to all Canadian institutions and our colleagues in Waterford for providing us with this opportunity. Usually, professionals from the oil and gas industry have joined the offshore wind industry bringing valuable know-how and skills. Paradoxically, Saitec is taking the opposite direction from the renewable world towards oil and gas. Either way, Saitec is genuinely motivated to take on the enormous challenge of decarbonizing these valuable oil and gas assets.