Oil and Gas Decommissioning | Decom North Sea

Back to Directory

Company Overview

Ocean Power Technologies is a pioneer and world leader in wave energy technology.  Our PowerBuoyTMconverts wave energy into electric power.

  •     Founded in 1994
  •     Public company (Nasdaq: OPTT)
  •     HQ in Monroe Township, NJ USA
  •     Patented, proprietary technology (multi patents awarded and pending)

 Outstanding Capabilities to Support Your Global Operations!

OPT’s renewable ocean-wave based electric power generation technology will offer the Oil & Gas (O&G) market potential new solutions that could drive down project Operational Costs (OPEX) & Capital Costs (CAPEX) helping to make current fields that offer low commercial returns more attractive for development.

Oil & Gas Applications for PowerBuoyTM

Drilling / Post-drilling

           - Monitors wells prior to completion


           - Reduces size of production umbilical / Provides power and or commsto satellite wells


           - ROV/AUV charging


               - Monitor wells / Reduces need for support vessel after platform / FPSO is removed

AUV’s / Resident ROV’s

              - Increases range / mission duration of AUV by providing power recharging station & communications platform

              - Provides independent power source & communications platform for resident ROV’s

              - Provides real-time communications platform / method to download data

              - Reduces need for support vessel

Oil and Gas Decommissioning | Decom North Sea logo
We're very sorry…

The browser you are using predates the modern web technology used to build it, making it impossible for you to use this site in the way it was intended to be used. Please update your browser to one of the following, and try visiting again: Mozilla Firefox, Google Chrome, Opera.