The Oil & Gas Technology Centre (OGTC) is to create a Net Zero Solution Centre to accelerate development and deployment of technologies to decarbonise offshore operations.
Announced on 3 September, the £50mn centre – to be created in partnership with industry – will also look to develop the UKCS as the first net zero oil and gas basin globally, supporting the industry’s Roadmap 2035. BP, Shell, Wood and Ineos are among the major companies supporting the centre, which also has the backing of the UK and Scottish governments. Specifically, the centre will work with industry and government to address the UK offshore oil and gas industry’s emission footprint alongside developing technologies to contribute to growing demand for hydrogen production and carbon sequestration.
Furthermore, it will champion an integrated offshore energy system – partnering with companies to speed up development of carbon capture, utilisation and storage, hydrogen capability and other net zero technologies – to transform the UKCS into a net zero oil and gas basin. The centre has also developed a roadmap and will collaborate with academia institutions and industry sectors in a bid to identify shared challenges and take the lead on cross-sector collaboration on technologies to accelerate carbon reduction and create export opportunities for the UK supply chain.