UK’s oil and gas regulator has launched a decarbonisation competition for the electrification of offshore oil and gas installations following the government’s commitment in the North Sea Transition Deal to support the funding for early-stage electrification studies by the end of 2021.

The Oil and Gas Authority (OGA) on Thursday launched a £1 million ($1.4 million) competition to help decarbonise offshore oil and gas production, looking for studies (technical, engineering, and/or commercial) that will bring electrification projects a step closer to reality.