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  • Chrysaor submits licence application for CO2 storage
    édité le 13/11/2020 - Plus de news de "Chrysaor" - Voir la fiche entreprise de "Chrysaor"


Chrysaor submits licence application for CO2 storage
Chrysaor, the leading North Sea oil and gas independent, has submitted a Licence Application for the purpose of storing CO2, and will, in parallel, seek agreement for a Storage Lease with The Crown Estate for the storage of CO2 in a depleted Southern North Sea gas reservoir. These applications are in support of the V Net Zero Project, which aims to store and transport CO2 from the Immingham cluster on Humberside. The capture, compression and conditioning of the CO2 will be performed by the Humber Zero project, a coalition of industry partners including Vitol and Phillips 66.

The V Net Zero project is aligned to Chrysaor’s energy transition strategy and will be critical to delivering low carbon infrastructure on Humberside, the UK’s most carbon intensive industrial region.

Commenting on the application, Phil Kirk, Chief Executive, Chrysaor, said: “This application is a meaningful step for V Net Zero and our ambition towards delivering the UK’s first industrial scale carbon capture and storage project. We are delighted to work alongside a strong industrial coalition of leading energy companies and play a key part in the UK’s net zero journey.”

Jonathan Briggs, Project Director, Humber Zero, said: “Humber Zero represents a critical part of UK industry; one of Europe’s most efficient power plants and a highly sophisticated refinery, providing power, fuels and components vital to the electrification of transport. Capturing and storing CO2 from this industrial complex will significantly reduce UK emissions, whilst preserving jobs and British industry. It will also provide a platform to build a hydrogen economy in an around the Humber, with a view to developing green-energy expertise and processes which can be replicated across the country and provide a meaningful contribution to net-zero targets.

The V Net Zero project and Chrysaor’s licence application represent an important and exciting step toward delivering net zero in the Humber by offering advantaged CO2 storage sites at scale to Humber Zero and other emitters in the wider industrial cluster.”

About Chrysaor

Chrysaor is a privately held company established in 2007 and focused on developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.
Chrysaor is also working with the wider industry to ensure it is consistent with the necessary transition to a low carbon economy. As part of this, Chrysaor is investing in the Acorn CCS project alongside partners in industry and government.


Origine : Communiqué Chrysaor

Voir la fiche entreprise de "Chrysaor"



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