A new screening tool announced today (June 21) could save £7bn ($8.6bn) and give oil and gas infrastructure a new lease of life with hydrogen and carbon capture and storage (CCS).
The tool developed by the North Sea Transition Authority (NSTA) is set to be handed out to operators with oil and gas fields six years from cessation of production to identify kit that could be repurposed for hydrogen or CCS.
It is hoped the tool could be instrumental in multibillion-pound savings across hydrogen and CCS scale up, by cutting back the need to construct new equipment.
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