Wood, a global engineering and consulting company, has signed a Memorandum of Understanding (MoU) with Transitus Energy to explore opportunities for onshore and offshore decarbonization projects in the UK energy sector.
This partnership aims to develop a duty holder model that supports infrastructure investments and positions Wood as a strategic partner, providing asset management engineering and operational solutions for onshore and offshore lifecycle projects.
Transitus Energy, as an agent of change, is dedicated to assisting oil and gas operators and the wider industry in transitioning their operations to low-carbon energy sources. Their goal is to facilitate industrial fuel switching and the transition of natural gas production to low-carbon hydrogen. By leveraging Wood’s extensive knowledge and experience in energy and infrastructure asset management, Transitus Energy aims to develop operating models, capabilities, and solutions that enable responsible, efficient, and safe production while supporting the growth of the energy transition and hydrogen production market.
Wood is committed to accelerating the energy transition in the UK and supporting the decarbonization of existing assets. With their decades of experience in the North Sea, Wood is well-positioned to contribute to Transitus Energy’s decarbonization strategy. By utilizing their expertise throughout the project lifecycle, Wood aims to bring Transitus Energy’s decarbonization plans to fruition and enable a low-carbon energy future.
Stuart Smith, Senior Vice President, Operated Assets at Wood, emphasized their commitment to the energy transition and stated that Wood’s team will collaborate with Transitus to leverage their through-lifecycle expertise and support the realization of the decarbonization strategy.
Jack Peck, Chief Executive Officer of Transitus Energy, expressed excitement about collaborating with Wood to drive decarbonization in the UK’s energy and industrial sectors. He believes that their partnership offers a pragmatic and affordable approach to accelerate the country’s decarbonization plans by repurposing existing expertise and resources. Peck also highlighted Wood’s essential role in the project strategy, leveraging their decades of experience for the benefit of the developing sector.
This partnership between Wood and Transitus Energy holds significant potential for advancing decarbonization efforts in the UK energy industry. By combining their expertise and resources, the two companies aim to drive the transition to low-carbon energy sources, contribute to responsible and efficient production, and support the UK’s decarbonization plans.
