UK-based Marginal Field Development Company has entered into an initial two-year agreement with Siemens’ oil and gas engineering subsidiary, Dresser-Rand Group to recover stranded North Sea reserves through gas-to-wire (GTW) projects.
Numerous stranded fields containing gas reserves have been identified in the UK North Sea, however many are currently too small to be commercially viable for recovery.
GTW involves using gas produced from North Sea fields to be generated into electricity offshore, and then transmitted to the shore via spare capacity with subsea cables used for windfarms.
Siemens will provide information and support to secure GTW projects, in return for an exclusive first right option to provide equipment and services to those projects.
