Replacing conventional generation by power electronics based generation changes the dynamic characteristics of the power system. This results among others in the increased susceptibility to sub synchronous oscillations (SSO). This paper proposes a systematic procedure for mitigating the interactions between a DFIG and a series compensated transmission line using the phase imbalance compensation (PIC) concept. The impact of the series and parallel PIC on the resonance behaviour of the grid is first thoroughly investigated. Then, the influence of the system strength on the capabilities of the PIC to mitigate DFIG-SSR is assessed. Based on the findings a design framework which enables the systematic assessment of the series and parallel PIC for mitigating DFIG-SSR is developed and successfully implemented in the IEEE 39 bus system. Comparison between both concepts reveals that the parallel PIC is better suited to mitigate DFIG-SSR. The impedance based stability analysis and detailed time domain electromagnetic transient (EMT) simulations are used to screen and validate the results.