Morecambe Bay gas fields begin energy-saving drive
Morecambe Bay gas fields, one of the UK’s largest gas accumulations, has enlisted the services of a world-renowned engineering consultancy to help reduce energy use and save costs.
The contract, won by Wood, has been awarded by operator Spirit Energy. It lasts five years and is worth $130m (approximately £95m.)
The company will use its 'late life asset optimisation' experience to extend field life, lower costs, and reduce late life carbon intensity across the Morecambe Hub’s offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the northwest coast of England.
Craig Shanaghey, Wood’s president of operations for Europe, Middle East and Africa, said: "Our shared ambition is to leverage the greatest value from the Morecambe Hub in its late life phase, by focusing on driving down operational costs and creating opportunities to extend field life.”
John Cowie, Morecambe Hub asset director at Spirit Energy, said: "The Morecambe Hub has produced gas for the UK for more than 30 years, and remains a key asset in our portfolio as we continue to maximise economic recovery from the area.
"There is still more we can do to extend Morecambe’s field life while reducing its emissions and contribute to the UK’s Net Zero targets, and we look forward to working with Wood on both of these goals."
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