GLASSPOINT AND OC­CI­DEN­TAL OF OMAN SIGN AGREE­MENT TO FA­CIL­I­TATE OIL PRO­DUC­TION

Oil and Gas - - RENEWABLE ENERGY -

GlassPoint So­lar and Oc­ci­den­tal of Oman have an­nounced sign­ing of a Mem­o­ran­dum of Un­der­stand­ing (MoU) that could lead to a large so­lar ther­mal en­ergy plant, ex­ceed­ing two gi­gawatts, at the Mukhaizna oil­field in the Sul­tanate of Oman. As the lead de­vel­oper of the pro­posed project, GlassPoint would de­ploy its proven so­lar tech­nol­ogy to pro­duce up to 100,000 bar­rels of so­lar steam per day. The so­lar steam would be pur­chased by Oc­ci­den­tal and used to fa­cil­i­tate pro­duc­tion of heavy oil. With pre­lim­i­nary stud­ies com­plete, en­gi­neer­ing work has now com­menced to de­fine the project scope and field in­te­gra­tion plans.

HE Dr. Mo­hammed bin Ha­mad Al

Rumhi, Omani Min­is­ter of Oil and Gas said, “As we con­tinue to di­ver­sify Oman’s econ­omy and de­velop the re­new­able en­ergy sec­tor, we are also iden­ti­fy­ing ways to save our nat­u­ral gas re­sources. Oman’s vast heavy oil­fields present one of the largest op­por­tu­ni­ties to de­ploy so­lar en­ergy and con­serve gas, which can in­stead be used to fuel in­dus­tries and gen­er­ate power. We’re pleased to see this progress be­tween Oc­ci­den­tal of Oman and GlassPoint, which can de­liver sub­stan­tial eco­nomic and en­vi­ron­men­tal ben­e­fits to the Sul­tanate.”

Op­er­at­ing in Oman for more than 30 years, Oc­ci­den­tal of Oman is the largest in­de­pen­dent oil pro­ducer in the coun­try. At the Mukhaizna field, Oc­ci­den­tal of Oman has im­ple­mented one of the world’s largest steam flood pro­jects for en­hanced oil re­cov­ery (EOR).

GlassPoint’s so­lar steam gen­er­a­tors use large mir­rors to con­cen­trate sun­light and boil oil­field wa­ter into steam. Oc­ci­den­tal of Oman would pur­chase the steam un­der a long-term off-take agree­ment, pro­vid­ing a cost-ef­fec­tive, ze­roe­mis­sions al­ter­na­tive to steam gen­er­ated us­ing nat­u­ral gas. The pro­posed so­lar project could save more than 800,000 tons of car­bon diox­ide (CO2) emis­sions each year.

Oc­ci­den­tal Pe­tro­leum’s global strat­egy in­cludes ac­tive in­vest­ment in CO2 EOR and car­bon cap­ture, util­i­sa­tion and stor­age (CCUS), as well as other emis­sions-re­duc­ing tech­nolo­gies.

This low emis­sions en­ergy util­i­sa­tion project and ap­proach is one as­pect be­ing ex­plored and com­mer­cial­ized by Oc­ci­den­tal’s Low Car­bon Ven­tures busi­ness unit in part­ner­ship with as­set teams across their global op­er­a­tions. This project will en­able tech­ni­cal learn­ing and com­mer­cial­iza­tion suc­cess to pro­mote sim­i­lar pro­jects in other ar­eas to help re­duce Oc­ci­den­tal’s global car­bon foot­print.

Steve Kelly, Pres­i­dent and Gen­eral Man­ager of Oc­ci­den­tal of Oman said, “We are ex­cited about work­ing with GlassPoint to en­hance our en­vi­ron­men­tal ste­ward­ship in Oman and strengthen Oc­ci­den­tal’s po­si­tion in the lower-car­bon econ­omy.

This is a strate­gic op­por­tu­nity for us to tap into so­lar as a sus­tain­able source of en­ergy in or­der to min­imise the car­bon foot­print of our op­er­a­tions.”

Steven Moss, CEO of GlassPoint So­lar said, “We’re look­ing for­ward to build­ing on our suc­cess with an­other ma­jor so­lar project in Oman. Oc­ci­den­tal of Oman’s in­ter­est shows the scale of op­por­tu­nity re­new­ables can play in re­duc­ing the en­ergy use and en­vi­ron­men­tal im­pact of oil pro­duc­tion. We’re pleased to work with Oc­ci­den­tal of Oman to grow Oman’s so­lar in­dus­try and the global mar­ket for so­lar pow­ered oil pro­duc­tion.”

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