Wintershall Dea welcomes a decision by the Danish Energy Technology Development and Demonstration Program (EUDP) to award funding for a feasibility study into offshore CO2 storage in Denmark.

The funding has been awarded to a new CO2 storage consortium involving Wintershall Dea, INEOS Oil and Gas Denmark, Maersk Drilling, and a research partner - the Geological Survey of Denmark and Greenland (GEUS). The consortium aims to use depleted offshore oil reservoirs to permanently store CO2 captured at onshore industrial facilities. The EUDP funding will support a feasibility study to validate compatibility of the reservoirs. Wintershall Dea has been producing from the oil fields in question, Nini and Cecilie, for decades, so knows them well.

Hugo Dijkgraaf, Chief Technology Officer at Wintershall Dea, says “Offshore CO2 storage plays an important role for a cleaner energy future, so we are pleased to be a part of this project which has the potential to significantly mitigate CO2 emissions in Denmark. We bring to the table Wintershall Dea’s world class offshore and subsurface expertise and knowledge to the handling of CO2.”

About Wintershall Dea

Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business.

Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs around 2,800 people worldwide from over 60 nations.