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Utilizing Retired GoM Platforms to Achieve ESG Goals | Hart Energy
Exploration & ProductionEmissionsEnergy TransitionESGTechnology Utilizing Retired GoM Platforms to Achieve ESG Goals. Research shows abandoned offshore oil platforms can be repurposed for a multitude of purposes including carbon capture and storage. Kent Satterlee III, Gulf Offshore Research Institute Mon, 10/18/2021 - 11:00 AM After surrendering their oil and natural gas contents, undersea production zones have room for large caches of carbon capture and storage. This technology is one of the things being studied by the Gulf Offshore Research Institute.?(Source: Shutterstock.com ) In the heyday of Gulf of Mexico (GoM) oil and gas production, as many as 4,000 platforms speared its warm waters and silty bottoms, pumping hundreds of millions of barrels of black gold to coastal refineries. Today, less than half of those platforms—approximately 1,600—remain standing. Each year, about 175 more are hauled to scrapyards.? A small amount of these are reefed.Over the decades that these structures housed people and gargantuan machinery on the surface, a strange thing happened below the waterline. Marine life—plant and animal—congregated and multiplied in the safety and stability of these massive structures. Many types of corals, red snapper, sea turtles and many other species found homes there. Already have an account? Log In Sign up for FREE access to view this article now! . Unlock Free AccessAccess to in-depth interviews with industry insiders. Watch exclusive videos with energy executives. Receive the Breaking News Alerts newsletter. No credit card required.OffshoreShare this article . Facebook . Twitter . LinkedIn . Email .313 14 In this article .Private Company Gulf Offshore Research InstituteChart reflects yearly performance.Recommended Reading . E&P International Highlights (Week of Oct. 18, 2021) . Check out these E&P and drilling activity highlights from around the world. Hart Energy Unconventional Activity Tracker (Week of Oct. 18, 2021) . The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia and the Gulf Coast also gained rigs. The Williston Basin had the largest drop though. Utilizing Retired GoM Platforms to Achieve ESG Goals . Research shows abandoned offshore oil platforms can be repurposed for a multitude of purposes including carbon capture and storage.Subscribe to get unmatched coverage of the oil and gas industry’s entire landscape.See more offersAlready a subscriber? Sign inNewsletter Sign Up . Subscribe for free to our newsletters for the latest energy newsSign up today Follow Us .Facebook . Twitter . Youtube .
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