Oil & gas operation
Converting excess wasted gas into computing
Enerhash provides a viable solution for oil and gas operations that reduces routine flaring and promotes sustainability for all market players, regardless of scale and emission rates. Although emission regulations vary by location, they share a common goal: to minimize gas flaring and venting. By using surplus gas to power on-site data centers, total emissions resulting from routine flaring can be reduced. This helps oil producers meet ESG standards and satisfy investor scrutiny.
For data center operators, using wasted gas converted into electricity to run data centers offers the most favorable electricity prices. This makes data center operations at oil and gas wells an outstandingly mutually beneficial transaction.
Main challenges of oil & gas wells
To meet global commitments such as the World Bank’s Zero Routine Flaring by 2030, environmental regulations are becoming increasingly stringent at both the national and local levels. As more global players commit to reducing emissions, the pressure on all oil producers grows.
In general, the lack of midstream infrastructure near producing wells means that gas flaring and venting are the only economically viable solutions. However, this poses challenges for oil producers in terms of complying with gas flaring regulations and satisfying the growing number of stakeholders focused on environmental, social, and governance (ESG) issues.
The Enerhash solution
Enerhash’s solution monetizes energy that would otherwise go to waste, by leveraging the revenue generation potential of the reserves. The gas engines can convert 250 mcf/d of wasted gas into 1,25 MW of power, which is then used by the Enerhash DATABOX. The DATABOX is a mobile, state-of-the-art data center built on the steel structure of a standard marine container, designed specifically for high-performance computing.
Lean burn gas generators are used to contribute towards environmental protection, as they work at a much higher efficiency and excess gas is burnt in a much more controlled environment.
The power consumption of our data centers can scale up to multiple megawatts. A single DATABOX takes up 270 square feet and provides 0,5 MW capacity, built on the structure of a standard 20-foot marine container. The procurement of computing units is secured by ENERHASH’s strategic partners.
Key benefits of an on-site consumer for oil & gas wells
By utilizing excess gas to power data centers, we help oil producers reduce methane emissions by 96% and CO2e emissions by 41-62%. In addition to regulatory compliance, scaling up our wasted gas utilization solution demonstrates a high level of commitment to ESG goals.
Furthermore, Enerhash’s solution provides an environmental business case and may open up other opportunities, such as receiving carbon credits for reducing emissions and increasing production. We handle permitting and ESG regulatory processes.
Our DATABOXes require no special infrastructure, allowing them to be shipped and set up at remote locations or relocated within a month.
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Sell excess energy
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