Offshore Energy
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
  • More news
JobsNewsletter
Offshore Energy logo

Your trusted source for global offshore energy news, part of the Navingo network.

Topics
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
Network
  • Offshore Energy
  • Offshore Wind
  • NavalToday
  • Dredging Today
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report your news
  • Privacy

© 2026 Navingo. All rights reserved.

Home›Fossil Energy›Wave energy and subsea solutions specialists unite to extend O&G hubs’ lifetime
Fossil Energy

August 24, 2023 · about 3 years ago

Wave energy and subsea solutions specialists unite to extend O&G hubs’ lifetime

Scottish wave energy specialist Mocean Energy and Norway-based offshore energy services provider Aker Solutions Subsea have teamed up to explore how locally generated wave energy can extend the lifetime of existing oil and gas hubs by accessing stranded reserves. To this end, the two companies signe

2 minutes read
  • LinkedIn
  • X
  • Email
Wave energy and subsea solutions specialists unite to extend O&G hubs’ lifetime
Courtesy of Mocean Energy

Scottish wave energy specialist Mocean Energy and Norway-based offshore energy services provider Aker Solutions Subsea have teamed up to explore how locally generated wave energy can extend the lifetime of existing oil and gas hubs by accessing stranded reserves.

To this end, the two companies signed a memorandum of understanding (MoU) pledging to combine their expertise in wave energy conversion and subsea-integrated solutions to develop a reliable, cost-effective means of powering subsea infrastructure.

As disclosed, the agreement could culminate in the development of a pilot project in UK waters within two years.

The MoU includes undertaking feasibility, front-end engineering and design and concept studies for wave-powered tiebacks. The studies will aim to identify the most economically and environmentally efficient solutions to develop marginal reserves, especially in combination with energy storage.

According to partners, using wave energy and subsea energy storage to tie back stranded reserves could extend the life of existing subsea production assets, reducing the need for new oilfield developments.

Mocean Energy and Aker said they will target the development of at least one concept study into a pilot project at sea, through various routes, including multi-customer joint industry projects.

Aker Solutions will supply the complete ocean-power system, including overall subsea system integration, system engineering support and subsea equipment plans.

Mocean Energy will supply the wave energy technology, wave-energy-specific project engineering and energy analysis for remote power delivery.

Morten Pedersen , SVP Systems and Products, Aker Solutions, said: “Today there are remote, marginal pockets within ageing fields that could potentially be powered with this technology at a lower lifetime cost than installing new umbilical cables.

“If our pilot project proves feasible, this solution will benefit mature regions such as UKCS and NCS (the UK and Norwegian continental shelves), enabling operators to maximize economic extraction from declining brownfields and reduce the need for new oil and gas development, a vital step in the transition to net zero. This collaboration could be highly beneficial for the industry globally.”

Cameron McNatt , Managing Director of Mocean Energy, added: “We are delighted to be working with Aker Solutions, a recognized industry leader in subsea technology and decarbonization. Our collaboration will provide customers with a complete solution to their power and communications needs that is reliable and low carbon.”

Mocean Energy is already a participant in a collaborative industry initiative called “Renewables for Subsea Power” which is currently proving the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

The £2 million (€2.3 million) initiative, which is currently operational in Orkney , has connected Mocean Energy’s Blue X wave energy converter with a Halo underwater battery developed by Aberdeen intelligent energy management specialist, Verlume.

Related Articles

Fossil Energy

Wave power for subsea equipment demo grabs oil & gas industry’s attention

3 min read

Subscribe and follow

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

Fossil EnergyMarine EnergyOil & GasSubseaTidal & Wave EnergyBusiness Developments & ProjectsCollaborationEquipmentInfrastructureOutlook & StrategyResearch & DevelopmentTechnology

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Saipem hands Saudi jack-up fleet to ADES in strategic shallow-water exit
  2. 2Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval
  3. 3Santos broadens Asia-Pacific LNG portfolio with Canadian supply and 10-year POSCO deal
  4. 4Borr Drilling keeps three jack-up rigs as it reorganizes Mexico ops with stake sale

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free