Offshore staff
KASSEL, Germany — Wintershall Dea has joined the Poseidon CCS project offshore/onshore eastern England through acquiring a 10% stake from Carbon Catalyst.
Operator Perenco and Carbon Catalyst secured the associated area under the UK’s first CO2 storage licensing round.
Poseidon, which could be operational by 2029, will offer annual storage capacity of up to 40 MM metric tons once fully developed, with the partners targeting permanent subsurface offshore of about 1 billion metric tons of CO2.
The development will connect CO2 emitters across eastern and southeast England. CO2 will be transported via the Perenco-operated Bacton gas terminal on the Norfolk coast to the offshore Poseidon storage site.
The carbon storage license area is 65 km from Bacton in the southern UK North Sea and covers the Leman gas field, offering a combination of depleted gas reservoirs and saline aquifers thought to be suitable for safe and permanent carbon storage.
Wintershall Dea now has positions in five offshore CCS licenses in three North Sea countries.
Via the BlueHyNow and CO2nnectNow projects, the company is a participant in the Energy Hub Wilhelmshaven development on the German North Sea coast.
In collaboration with Equinor, it plans to develop the NOR-GE pipeline to connect continental European industry clusters with CO2 storage sites in the North Sea.
And as a member of the Ineos-led Greensand consortium, the company participated in the pilot injection this March of the first volumes of CO2 delivered from a Belgian emitter for storage in the depleted Nini West oil field in the Danish North Sea.
11.14.2023
