This evaluation demonstrates optimal power configurations for offshore platforms, indicating decarbonization potential.
Key Points
The aim is to evaluate the optimal configuration of renewable and conventional power systems for offshore oil and gas platforms to reduce emissions and costs.
Developed a Mixed Integer Linear Programming (MILP) model for sizing power systems.
Considered technologies like wind turbines, gas turbines, and battery systems.
Analyzed cost functions based on decision maker risk aversion and deployment locations.
Implemented a demand response mechanism for load management.
Fully renewable configurations can reduce emissions by 70% with only a 6% cost increase compared to fuel-based solutions.
A tenfold increase in carbon tax is necessary for REC-based solutions to become financially viable.
Flexible load management can reduce costs by about 4%.