Paterson Nominated for ASTech Awards Amid Growing Interest in Repurposed Energy Infrastructure

Paterson Consulting Inc.'s owner, Paterson, received two nominations for the ASTech Awards. The nominations reflect growing interest in repurposing aging oil and gas infrastructure.

According to Paterson, technology has advanced significantly, allowing for more efficient use of existing infrastructure. However, he notes that there is a backlog of inactive and orphaned wells in Alberta, which poses a significant concern.

Paterson cites the success of pilot projects, including a recent one-megawatt project in the MD of Taber, as proof that repurposing oil and gas infrastructure can be viable. He also mentions interest from international investors looking to invest in Canadian energy opportunities due to uncertainty in other countries.