NSRI Mastermining Wave & Tidal Workshop 16/05/18 Opening Address David Rennie Head of Oil and Gas Scottish Enterprise
What I am aiming to cover today The economic opportunity associated with the blue economy Where subsea, wave & tidal and oil & gas fit A Scottish, UK and international perspective on all this The role of Scottish Enterprise
The Blue Economy The offshore opportunity for Scotland extends far beyond oil & gas Sectors such as wave and tidal energy offer huge potential Significant steps towards commercialisation have taken place Costs are coming down but input from oil & gas sector is vital Continued EU support is likely Benefits could be huge: Tidal: UK benefit of 1.4bn & almost 4,000 jobs by 2030 Wave: UK benefit of 4bn & over 8,000 jobs by 2040 Because of oil & gas legacy, Scotland is fantastically positioned
Global Opportunities for Subsea Supply Chain North America Potential: Offshore wind: 2,058 GW Marine Renewables: 290+ GW CCUS storage: >21,200 GtCO 2 Mariculture production worth 811m Asia and Pacific Potential: Offshore wind: 1136+ GW Marine Renewables: 837+ GW CCUS storage: 2077 GtCO 2 Mariculture production worth 674+m Europe Potential: Offshore wind: 1,350 GW Marine Renewables: 212+ GW CCUS storage: 161 GtCO 2 Mariculture production worth 8bn
Subsea Oil & Gas Expertise in Scotland Global National Regional
Did you know Over half of the world s subsea wells are in the North Sea The world s leading subsea companies have a base in Aberdeen, some with their engineering centres of excellence based there 620 companies specialising in subsea engineering products and services in Scotland Around 40,000 people employed in subsea engineering in Scotland Leading Academic Institutes based in Scotland strengths in areas such as Autonomous Underwater Vehicles, Data, Virtual reality etc. International activity accounts for around half of all UK based Subsea Activity Scottish Enterprise helped to set up Subsea UK the trade body for the industry
Strength Oil & Gas Company Capabilities Areas of Expertise Key Assets Development wells Platform structures Subsea systems Pipelines Floating production systems Project Management Subsea engineering Pioneering downhole technology Cutting edge research capability Industry leading education and training Health & safety Aberdeen a global investment hub National Subsea Research Institute O&G Innovation Centre O&G Technology Centre Grangemouth
Strength Wave & Tidal Company Capabilities Academic Capabilities Key Facilities & Projects Testing Surveying & consenting requirements Device & project design Device and cable installation Composites Fabrication Tank testing Resource assessment Machine design Economic modelling & assessment Environmental impact modelling CPD EMEC FloWave TT MeyGen (Atlantis) Shetland Tidal Array (Nova) Scotrenewables demo (EMEC) Wave Energy Scotland Corpower & Wello demos (EMEC)
Subsea Development Facilities
Oil & Gas as an enabler of the energy transition The Scottish O&G supply chain has built considerable expertise over 50+ years of North Sea exploration and extraction, which are now being employed to drive the low carbon energy transition, particularly in offshore renewables. Established in 1987 as an O&G fabrication company, Global Energy Group has built structures for several world first offshore renewable projects including Beatrice Demo, Hywind Scotland and MeyGen FoundOcean drew on 40+ years of O&G experience to win grouting contracts on early UK and Irish OW projects, before partnering with BASF to develop the OW specific solution that has made it a leader in the European OW supply chain. Ecosse Subsea has a strong reputation for seabed preparation and trenching within the O&G sector, and is quickly establishing itself as a leading supplier to OW having through its work on some of the world s largest OW projects.
Scottish Enterprise Goals To maintain and grow our subsea cluster Trade seek growth markets (both in oil and gas and elsewhere) Investment support companies to innovate Infrastructure investment where required Focus on regional competitiveness Subsea Action Plan Themes: 1. To continue to position Scotland as a Global leader in Subsea Engineering focus on the supply chain 2. To increase investment in innovation 3. To develop Scotland s Subsea Infrastructure