We have conducted an extensive study into the geology and recovery factor of various small fields on the North Sea. The field we selected for our first project, 'Cranberry', achieves a daily production of 800,000 m³ of gas for 25 years. This field can stabilize the power production as long as the lifespan of a wind farm.
Our estimates of the recoverable gas in the reservoir, are based on a realistic Recovery Factor (RF). The Recovery Factor is the extent to which the Gas Initially In Place (GIIP) can be produced. That RF is significantly lower than the RF for a classic gas development.
No soil subsidence
We drill multiple wells, both for the production of natural gas and the injection of CO₂. This allows us to develop the field in such a way that we get the largest possible production and that we can store all CO₂. Keeping the pressure due to the CO₂ injection also prevents soil subsidence and reduces the risk of earthquakes. The experience that we gain with this offshore field can also be used on land in the future.