We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

McDermott, Schneider Electric and io consulting Join Forces to Develop Net Zero Upstream Facilities

GO NET ZERO ENERGY

McDermott, Schneider Electric and io consulting Join Forces to Develop Net Zero Upstream Facilities

McDermott International, Ltd, Schneider Electric and io consulting today announced a collaboration to advance research and design of carbon-neutral facilities for the upstream oil and natural gas market. The three companies will combine their capabilities and resources to explore and develop a proof of concept based on an offshore platform reference case. The result of the collaboration will be published in a joint study on Net Zero Upstream Facilities before the end of the year.

The study defines a hierarchy of emissions-reduction technologies, ranked by maturity, investment and impact to enable operators to make informed decisions when prioritizing areas for emissions reduction.

This unique venture demonstrates the valuable intersection of thought leadership, digital innovation and project excellence to advance the energy transition across the globe. By combining our individual strengths, we will deliver solutions that enable our customers to accelerate the industry-shared goal of reducing carbon impact throughout the production chain.

Samik Mukherjee, Senior Vice President, Projects, McDermott's Group

The program directly supports a significant carbon footprint reduction within the production and transformation of oil and gas, which, according to the International Energy Agency , is about fifteen percent of the entire oil and gas carbon footprint.

We are in an energy transition and while hydrocarbons will be required for decades, it is incumbent upon us to decarbonise their production. This study will show what can be achieved when we leverage the technical data and expertise of our parent companies, Baker Hughes and McDermott, and come together with the best minds in the industry to address this challenge. I look forward to working with our customers to deploy new standard practices for net zero facilities and transferring our learnings to other industries striving to reduce their carbon footprint.

Richard Dyson, CEO, io consulting

The companies expect the collaboration to demonstrate what is achievable with current technology, what new technologies are required and identify break-even carbon pricing to make the net zero facilities viable now and in the future. The team will adapt this proof of concept to any geographical region and project, considering local infrastructure and environmental policies regarding carbon pricing.

This partnership aligns with Schneider Electric's objectives around sustainability and energy transition. We bring our expertise in both energy and process efficiency to the industry. Our goal is to help customers ensure their future systems support remote operations, optimized asset performance and breakthrough micro-grid management. We believe our partnership facilitates overall digital transformation for our clients—making their operations more sustainable.

Chris Dartnell, President of Oil & Gas and Petrochemicals, Schneider Electric

The study applies a decision-quality framework to identify credible and achievable methods for achieving carbon neutrality including: power import and electrification; renewable micro-grids; integration with hydrogen networks; integrated energy storage; reduction of fugitive emissions; removal of flare systems; facility de-manning and access method; facility monitoring and control – remote operation; engineered offsetting methods (excluding nature-based offsetting); and digital transformation of design and operations.

Relevant news

GO DIGITAL ENERGY
Capgemini and Schneider Electric collaborate to help companies achieve energy optimisation
The “Energy Command Center” is an innovative energy management platform that will enable organizations to monitor and manage the performance of energy assets across their operations.
GO CIRCULAR
How does Schneider Electric boost PET recycling?
Delphine Largeteau, Schneider Electric's Sustainability Consulting Director, answered the Go Circular team's questions about the Microwave-Assisted Depolymerisation of Polyester (MADE) technology. She provided a detailed explanation of this technology at the Go Circular 2024 event in Cologne on April 16, 2024.
GO DIGITAL ENERGY
Schneider Electric announces innovative tax credit transfer agreement with ENGIE
Schneider Electric and ENGIE will Accelerate Toward its 100% Renewable Energy Goal in North America.
GO DIGITAL ENERGY
ABN AMRO fuels green innovation: Invests in SET fund IV's digital technology drive for a sustainable future
ABN AMRO is investing in data and digital technology companies that help to a zero-carbon society.
GO DIGITAL ENERGY
Schneider Electric and Phoenix contact deliver plug and produce universal automation
Schneider Electric announced that its universal automation solution can now seamlessly deploy.
GO NET ZERO ENERGY
What are the three key challenges for the energy industry today on it's path to energy transitions?
Interview with Eric Koenig, Global Strategy Vice President for Energies and Chemicals, Schneider Electric at the 4th Go Net Zero Energy Conference in Brussels.