The Fort Worth Press - From Liabilities to Assets: GORI Reimagines the Future of Offshore Platforms

USD -
AED 3.672504
AFN 63.000368
ALL 81.850403
AMD 368.180403
ANG 1.79046
AOA 918.000367
ARS 1411.841886
AUD 1.388696
AWG 1.8
AZN 1.70397
BAM 1.679981
BBD 2.014233
BDT 122.76083
BGN 1.66992
BHD 0.377275
BIF 2976
BMD 1
BND 1.278067
BOB 6.910443
BRL 5.037104
BSD 1.000073
BTN 94.959542
BWP 13.418887
BYN 2.740298
BYR 19600
BZD 2.011459
CAD 1.38005
CDF 2272.000362
CHF 0.781119
CLF 0.022615
CLP 890.050396
CNY 6.76635
CNH 6.764365
COP 3693.14
CRC 452.064266
CUC 1
CUP 26.5
CVE 94.87504
CZK 20.824204
DJF 177.720393
DKK 6.41042
DOP 58.340393
DZD 132.780279
EGP 52.325831
ERN 15
ETB 158.000358
EUR 0.857704
FJD 2.221804
FKP 0.742087
GBP 0.743356
GEL 2.670391
GGP 0.742087
GHS 11.74039
GIP 0.742087
GMD 72.503851
GNF 8780.000355
GTQ 7.628513
GYD 209.220224
HKD 7.83695
HNL 26.570388
HRK 6.460604
HTG 130.96772
HUF 303.492504
IDR 17823.65
ILS 2.80215
IMP 0.742087
INR 95.010504
IQD 1310
IRR 1351050.000352
ISK 122.960386
JEP 0.742087
JMD 157.513861
JOD 0.70904
JPY 159.30904
KES 129.410385
KGS 87.450384
KHR 4010.00035
KMF 422.00035
KPW 899.855249
KRW 1507.460383
KWD 0.30944
KYD 0.833462
KZT 487.321548
LAK 21952.503779
LBP 89550.000349
LKR 330.034874
LRD 183.125039
LSL 16.240381
LTL 2.95274
LVL 0.60489
LYD 6.350381
MAD 9.18375
MDL 17.306602
MGA 4190.000347
MKD 52.848875
MMK 2100.044704
MNT 3580.365831
MOP 8.070537
MRU 40.000346
MUR 47.370378
MVR 15.403739
MWK 1737.000345
MXN 17.354804
MYR 3.970504
MZN 63.905039
NAD 16.240377
NGN 1371.703725
NIO 36.570377
NOK 9.253504
NPR 151.935268
NZD 1.671822
OMR 0.385278
PAB 1.000103
PEN 3.399504
PGK 4.355039
PHP 61.474038
PKR 278.550374
PLN 3.62895
PYG 6017.110756
QAR 3.641038
RON 4.504104
RSD 100.681038
RUB 71.146838
RWF 1462.5
SAR 3.772303
SBD 8.03246
SCR 13.563987
SDG 600.503676
SEK 9.255045
SGD 1.276804
SHP 0.746601
SLE 24.603667
SLL 20969.502105
SOS 571.503662
SRD 37.170504
STD 20697.981008
STN 21.4
SVC 8.751074
SYP 110.532098
SZL 16.240369
THB 32.575038
TJS 9.231047
TMT 3.5
TND 2.894038
TOP 2.40776
TRY 45.852504
TTD 6.793623
TWD 31.426804
TZS 2629.583038
UAH 44.293077
UGX 3769.922222
UYU 40.112866
UZS 12022.503617
VES 548.68505
VND 26312.5
VUV 118.055972
WST 2.715197
XAF 563.44981
XAG 0.013284
XAU 0.00022
XCD 2.70255
XCG 1.802416
XDR 0.699507
XOF 562.503593
XPF 102.603591
YER 238.603589
ZAR 16.29669
ZMK 9001.203584
ZMW 18.382896
ZWL 321.999592
  • CMSC

    -0.1000

    22.74

    -0.44%

  • BTI

    -1.1300

    61.79

    -1.83%

  • RIO

    -0.0800

    106.39

    -0.08%

  • RBGPF

    -0.0100

    63.54

    -0.02%

  • CMSD

    0.0400

    22.93

    +0.17%

  • GSK

    -0.7000

    50.54

    -1.39%

  • BCE

    0.2000

    25.11

    +0.8%

  • RYCEF

    0.7000

    18

    +3.89%

  • BP

    0.2800

    41.87

    +0.67%

  • NGG

    -1.1562

    81.53

    -1.42%

  • JRI

    0.0600

    12.92

    +0.46%

  • RELX

    -0.3100

    32.79

    -0.95%

  • BCC

    -0.6300

    69.72

    -0.9%

  • VOD

    0.0300

    14.96

    +0.2%

  • AZN

    0.3400

    185.67

    +0.18%

From Liabilities to Assets: GORI Reimagines the Future of Offshore Platforms
From Liabilities to Assets: GORI Reimagines the Future of Offshore Platforms

From Liabilities to Assets: GORI Reimagines the Future of Offshore Platforms

Gulf Offshore Research Institute wins $20 million Gulf Futures Challenge award to transform offshore platforms into hubs for energy, food, and ocean monitoring

Text size:

MANDEVILLE, LA / ACCESS Newswire / April 23, 2026 / More than 1,300 offshore oil and gas platforms in the Gulf Coast Region face decommissioning - and with them, the potential loss of thousands of jobs, a significant drop in reef fisheries biomass, and billions in revenue for Gulf Coast communities. Today, the Gulf Offshore Research Institute (GORI) announced it has been selected as one of only two recipients of a $20 million award through the National Academies of Sciences, Engineering, and Medicine (NASEM) Gulf Futures Challenge - funding that will transform these aging structures from liabilities into hubs for clean energy, sustainable seafood production, critical mineral recovery, and real-time ocean monitoring.

The Gulf Futures Challenge, led by NASEM's Gulf Research Program (GRP), invests in bold, community-centered solutions to the Gulf region's most pressing challenges in energy transition, environmental change, and community resilience. GORI's award will support a five-year effort to retrofit and operationalize five offshore platforms, with permitting already underway through the Bureau of Ocean Energy Management.

GORI's proposal - Repurposing Petroleum Infrastructure for Sustainable Energy, Food, and Critical Minerals - turns existing offshore structures into engines for the blue economy. By leveraging these structures as vertical reef ecosystems, the project protects marine biodiversity while creating new, innovative industries. This approach expands seafood production, supports renewable energy and mineral recovery, and strengthens coastal communities historically dependent on oil, gas, and fishing industries.

"We are transforming the backbone of oil and gas production into a more sustainable and prosperous Gulf Coast. By integrating renewable energy, aquaculture, mineral recovery, and ocean monitoring, we strengthen marine habitats, support thriving ecosystems, boost coastal economies, and advance sustainable energy production," said Kent Satterlee, Executive Director of GORI.

"We are delighted by the national acknowledgement of the importance of offshore infrastructure in sustaining essential marine habitats, while simultaneously highlighting the potential to advance a thriving and sustainable blue economy supporting coastal communities in the Gulf," said Rob Fondren, Co-Founder and Chairman of GORI.

"Offshore platforms already support flourishing ecosystems below water, while at the same time serving as infrastructure for the blue economy in the Gulf Region. Repurposing them offers a once-in-a-lifetime opportunity to leverage existing assets and avoid the massive cost of replacement," said Dr. Greg Stunz, Senior Executive Director, Harte Research Institute.

"Choosing the right platforms is the foundation of this entire effort. Through FishLAT, our machine learning assessment tool, we can screen all 1,300 platforms in the Gulf and match each one to its highest-value reuse - whether that's aquaculture, renewable energy, or ocean monitoring. This moves platform repurposing from a concept to a data-driven, defensible decision," said Amber Sparks, Co-Founder of Blue Latitudes LLC and GORI partner.

Project Partners

What makes this project distinctive is the breadth of expertise assembled under a single initiative - spanning marine science, offshore engineering, renewable energy, aquaculture, critical mineral recovery, and community workforce development. No comparable multi-benefit strategy has previously been attempted at this scale in U.S. waters. The project brings together a multidisciplinary team, including:

  • Harte Research Institute (HRI) at Texas A&M University-Corpus Christi - expertise in fisheries, socioeconomics, and marine policy and law

  • Blue Latitudes, LLC - a women-owned marine environmental consulting firm specializing in offshore work and Rigs to Reefs planning

  • University of Southern Mississippi and Louisiana State University - advancing open-ocean aquaculture, hydrographic science, and uncrewed ocean monitoring

  • University of Houston - specializing in offshore hydrogen production and energy transition feasibility (ROICE Program) and workforce development

  • University of Michigan - pioneering sustainable critical mineral extraction from seawater

  • Gulf Trust - advancing solutions that unite industry, environment, and communities

  • The FerVID Group - assessing geothermal energy potential in offshore reservoirs

  • Blue Silo Aquaculture, LLC - specializing in platform-assisted open-ocean aquaculture

Work begins with platform permitting, stakeholder engagement, and structural assessments. An offshore platform located off the Mississippi River delta in 470 feet of water will serve as the flagship demonstration site, with aquaculture and critical mineral pilots, ocean monitoring systems, and renewable energy testbeds to follow in Years 3 through 5. By 2030, GORI expects to have five operational platforms producing measurable environmental, economic, and social returns - and a replicable playbook for the remaining structures across the Gulf.

For more information about GORI's work, visit www.gulfoffshoreresearch.com.

Media Contact:

Sara Hamann
Communications Director
Gulf Offshore Research Institute
[email protected]

SOURCE: Gulf Offshore Research Institute



View the original press release on ACCESS Newswire

P.McDonald--TFWP