The global oil and gas downturn continues to significantly impact the North
Sea oil and gas industry. So to help companies consider the opportunities
in offshore wind, BVG Associates (BVGA) has produced an “Oil and Gas Seize
the Opportunity: Offshore Wind” guide for Scottish Enterprise.
The guide highlights the opportunities for the oil and gas supply chain in
the £210 billion global offshore wind CAPEX and OPEX expected by 2025.
The guide shows how the oil and gas sector can transfer its skills and
experience, built up over the last 50 years of working in some of the
world’s most challenging environments. Packed with case studies, it
demonstrates how companies have successfully diversified into offshore wind
from the oil and gas sector.
Alan Duncan
Alan Duncan, Senior Associate at BVGA, said: “Scotland is leading the world
in floating wind development and has helped the UK become a world leader
for deployed offshore wind. Scotland’s capable and dynamic oil and gas
suppliers can play a key role in the offshore wind drive to increase
innovation and reduce costs”.
“This guide provides an opportunity map based on real examples from our
industry engagement work. The offshore wind supply chain is broken down
into 35 sub-elements. This allows oil and gas companies to identify where
their specific opportunities lie and what they can learn from companies
that have already achieved success,”
For example, FoundOcean – the world’s largest dedicated offshore grouting
specialist, with a European Offshore Service Base in Livingston – first
entered the offshore wind industry in 2010 following a 50-year history in
oil and gas. The offshore wind sector now accounts for around half of the
firm’s revenues.
A FoundOcean spokesman said: “We realised that offshore wind was a market
that offered us a diversification opportunity right on our doorstep. We
identified that there was a gap in the market for companies, like
ourselves, able to offer competitive and innovative solutions.
“Entering the offshore wind sector is challenging but get it right, and it
can be a long-term part of a company’s strategic vision with excellent
global prospects.”
Offshore wind is a growing market that presents exciting new business
opportunities for oil and gas supply chain companies. This guide, along
with the sources of information and support that are profiled within it, is
intended to help companies realise these opportunities.
Scottish Enterprise’s Offshore Wind Expert Support framework can help
Scottish oil and gas based companies receive bespoke expert advice from BVG
Associates in areas such as market sizing, socio-economic modelling,
business planning and market entry strategy development.
Based in Aberdour, Fife, BVG Associates is an independent consultancy with
expertise in the technology, implementation and economics of renewable
energy generation systems.
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