On behalf of a floating offshore wind farm developer, Westwood provided a detailed review of the offshore energy landscape in selected areas of the North Sea.
Project Brief
Provide a detailed review of the offshore energy landscape in selected areas of the North Sea. Our scope of work included:
- Geospatial analysis of offshore energy asset clusters (nowcast and forecast)
- Assessment of decarbonisation potential across energy clusters, considering emissions sources and electrification
- Scenario analysis of exposure to changes in commodity and carbon values
- Detailed review of asset characteristics including energy intensity
- Insight into competitive landscape, routes to market and possible cluster evolution
Consulting Sectors: Upstream Oil & Gas Consulting, Energy Transition Consulting, Offshore Wind Consulting
Westwood Approach
Westwood completed an assessment of the North Sea offshore energy market (oil, gas and offshore wind), leveraging our deep knowledge and experience of this region – especially our proprietary WindLogix global offshore wind market intelligence solution. Engagement with our network of associates and industry experts helped inform and define our view of potential cluster development.
We reviewed regional area activity, relevant business models, policy, and economic data to delineate key risks, commercial sensitives, and possible outcomes for enabling energy transition imperatives.
Project Outcome
Westwood’s analysis enabled the Client to quickly digest the status of the market, understand the nuances between the supply chain and assess the risks and market potential. Our report supported the Client in understanding how to engage with industry participants and to build a platform for growth with climate change at its core.
Westwood Consulting Project Team
For every energy consultancy mandate that Westwood delivers, we define key roles to ensure the smooth management and delivery of each project.
David Linden
David led engagement with the client on this time-sensitive project, ensuring that Westwood outputs were aligned with client needs and delivered in time to meet third party deadlines. He also provided broader strategic guidance to the project team.
Bahzad Ayoub
Bahzad led the coordination of Westwood's internal teams on this cross-sector workscope, drawing on the breadth of our capabilities in energy transition and oil and gas. He brings deep industry insight and a strong track record of delivering offshore wind analysis.
Peter Lloyd-Williams
Peter took primary responsibility for the competitor analysis elements of the project, drawing on Westwood's internal tools and market contacts to provide potential competitors for the client in an upcoming auction process.
Yvonne Telford
Drawing on extensive knowledge of the Northwest European oil and gas market, Yvonne developed Westwood's hub and emissions analysis to provide the client with potential demand for its services under various price and production scenarios.
