Happy Tuesday! We hope you have been able to keep dry today!
In the US,
there hasn’t been much going on in the carbon capture and sequestration (CCS) or
at least there hasn’t been much from the Press.
The Houston CCS Alliance back on January 24, 2025, mentioned in their
newsletter the 2024 Global Status of CCS Report Rundown and the status of many
of the projects. Please click the link to
see the report, if you would like to see it: 2024 Global Status of CCS Report shows record number of projects in CCS pipeline,global capture capacity on track to double » Houston CCS Alliance.
Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update on February 11,
2025, their article titled, “Perenco advances to test phase following first CO2
injections offshore UK”? In the article,
it speaks on Perenco UK, and its partner have made had a historic moment by inserting
their first carbon dioxide (CO2) into an exhausted subsurface formation
offshore the UK in the Perenco-operated Leman gas field. This offshore CCS project is called The Poseidon Project,
and it is a partnership between Perenco UK and Carbon Catalyst Ltd. (CCL). The Poseidon Project was granted their
carbon storage license by the North Sea Transition Authority in 2023 for the
Southern North Sea sector of the UK Continental Shelf, and it was the first of
its kind for the UK.
The Poseidon
Project will be depositing CO2 in exhausted oil and gas subsurface formations
and brine formations, and the project is now proceeding to the next stage of
their project to experiment with different pressures and temperature of CO2 to
find the optimum storage conditions. The
Poseidon Project is expected to make final commitments in 2026, and it is
expected to start commercial operations in 2029. Once the project is in operation its initial CO2
rates for storage is expected to be roughly 1.5 million tonnes/year (tpy)
increasing to 10 million tpy in the early 2030s and maxing out at 40 million
tpy by 2040. The Leman field is linked onshore
to the PUK Bacton Terminal where it will be liquefied and transported to the
injection site. We wish them luck in
finding the right circumstances to store the CO2 in their offshore project. If you would like to read more of the Oil
& Gas Journal’s article, please click the link: Perenco
advances to test phase following first CO2 injections offshore UK | Oil &
Gas Journal.
Don’t forget
to check out our ESC website or
contact us via the email in the Blog, if you have a hydrocarbon liquids
project you would like to see get off the ground or you would like to see
what’s under your feet to help with your emissions!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **