Britain could see a first floating wind-powered oil & gas field operating in its waters as early as 2025, following the inking of a potentially historic deal between UK green energy infrastructure developer Cerulean and Malaysia’s Ping Petroleum.

The agreement, signed during a meeting hosted by UK secretary of state Kwasi Kwarteng, targets development of the Avalon project in the central North Sea using a floating storage production and offloading (FPSO) vessel wired together with a single large-scale floating wind turbine.