Exxon Mobil Corporation is expanding a pilot program to use surplus natural gas from North Dakota oil wells to power cryptocurrency mining operations.
The pilot program of oil giant Exxon Mobil to mine cryptocurrency through the use of natural gas accompanying oil production was launched in January last year.
Oil fields in the US are one of the main sources of methane emissions, a by-product of oil production. Crusoe Energy Systems power plants solve this problem by converting 99.9% of the associated gas into electricity, which allows you to increase oil production while reducing methane emissions.
As part of a pilot program, Exxon signed an agreement with Crusoe Energy Systems to use gas from oil wells in the Bakken Shale Basin to power mobile power plants. The resulting electricity is used to power ASIC miners and modular mobile data centers.
Now the oil giant intends to reproduce the project at several more sites around the world. Exxon is considering implementing similar pilot programs in Alaska, the Vaca Muerta shale field in Argentina, and the Cua Iboe terminal in Nigeria, Germany, and Guyana.
In early March, the administration of the Zapala free economic zone in Argentina announced plans to create an attractive energy infrastructure for mining companies. Zapala’s development plan takes into account the presence of “more than 20 highly competitively priced natural shale gas suppliers in the Neuquen Basin” to be used to generate electricity.
