BRASÍlia – Oil company Harbor Energy and bp announced this Tuesday (11/4) an agreement to develop a carbon transport and storage project at the Viking CCS project in the North Sea. Located near the Humber industrial area in England, the development has the potential to meet a third of the national target of capturing and storing up to 30 million tonnes of CO2 per year by 2030.
In this deal, BP acquired 40% non-executive shares. Harbor is the operator of Viking CCS with a 60% stake.
Advertisement follows The second phase was launched by the UK government Its policy is to facilitate four Carbon Capture, Storage and Utilization (CCUS) clusters by 2030.
According to the companies, Viking CCS is one of the two main competitors for the transportation and storage system. It is estimated that over the next decade CCUS could unlock £7 billion of investment in the value chain.
Harper and BP already share a stake in the Lincolnshire Offshore Gas Gathering System (LOGGS) pipeline, which is to be redeveloped as part of the project – a low-cost opportunity to connect customers to Viking’s depleted gas fields, they said in a statement.
The verified storage capacity in the field is 300 million tons of CO2.
The development also has access to a new planned CO2 shipping terminal at Associated British Ports’ port of Immingham, which could transport and store greenhouse gas from other parts of the UK or from other countries.
A final investment decision should emerge in 2024, depending on the outcome of the second phase of the government’s cluster sequencing process. The project will be operational as early as 2027 and will save up to 10 million tonnes of CO2 per year by 2030.
CO2 storage begins in the North Sea
The Greensand consortium launched the Carbon Capture and Storage (CCS) project in early March, injecting the first carbon dioxide (CO2) into an oil field in the Danish North Sea.
This is the first project Transboundary CO2 storage Coastal It has 23 shareholders worldwide, including German oil major Wintershall and chemical multinational INEOS.
with Danish grant. The country hopes to achieve a 70% reduction in its emissions by 2030 and is investing in CCS as one of the tools to get there.
The CO2 is captured in Belgium and transported by ship to be injected into Nini, 200 km off the North Sea coast.
Greensand is in the testing phase. Gas injected this week will be stored about 1,800 meters under the seabed, where it will be monitored.
The final investment decision is planned for the second half of 2023, with a delivery period of approximately 24 months.
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