8,465 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Siemens Signs Deal to Target Stranded North Sea Reserves

Published in Oil Industry News on Friday, 15 February 2019

Graphic for News Item: Siemens Signs Deal to Target Stranded North Sea Reserves

UK-based Marginal Field Development Company (MFDevCo) has entered into an initial two-year agreement with Siemens’ oil and gas engineering subsidiary, Dresser-Rand Group.

Numerous “stranded fields” containing gas reserves have been identified in the UK North Sea, however many are currently too small to be commercially viable for recovery.

It is hoped that the use of GTW will make their recovery more economic.

GTW involves using gas produced from North Sea fields to be generated into electricity offshore, and then transmitted to the shore via spare capacity with subsea cables used for windfarms.

Due to the intermittence of wind, annual use of the infrastructure is typically around 40%, according to the Oil and Gas Authority, leaving plenty of spare capacity for GTW.


The initial focus of the deal will be in improving the value and recovery of fields in the UK North Sea, but will also investigate other projects that Manchester-based MFDevCo is pursuing worldwide.

Siemens will provide information and support to secure GTW projects, in return for an exclusive first right option to provide equipment and services to those projects.

MFDevCo managing director Alison Pegram said: “We are very pleased to be working with Siemens in our latest initiative to maximise the economic recovery of resources currently considered stranded.

“I am excited about the opportunities that gas to wire presents and encouraged that a company like Siemens shares our belief in both the potential and our plans.”

Both parties have said they hope to extend the initial two year period to a “long-term relationship”.

Rob Barnes, Head of Siemens Oil & Gas ERA Region, said, “We are delighted to support the MFDevCo team which has a real insight into the viability of the marginal fields in the UK.

“By applying the right technologies to the efficient development of these fields we believe that the untapped potential of these assets will be realised.”

Please leave comments and feedback below


North Sea Oil and Gas, Norwegian Oil and Gas, Aberdeen Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com