Assess Solar as a Decarbonisation Option
> £500 million
Evaluating cost and emission implications of electrification of operations.
Solar panels offer an opportunity to electrify isolated operations and/or to reduce reliance on hydrocarbon generators.
As part of a decarbonization strategy, a client asked for an assessment of the benefits and risks and costs of incorporating solar into their oilfield operations.
ERCE’s cost, facilities and emissions teams worked together to investigate the range of possible outcomes and the effects on NPV of the asset.
Solar was identified as a viable decarbonization option for the asset.