Perenco & Carbon Catalyst Awarded License For Poseidon Carbon Capture Project

Perenco & Carbon Catalyst Awarded License For Poseidon Carbon Capture Project - Carbon Herald

On completion of the North Sea Transition Authority’s (NSTA’s) first competitive Carbon  Storage licence round, Perenco UK and partner Carbon Catalyst Ltd (CCL) are pleased to  announce that they have been awarded a licence to progress the Poseidon carbon capture  and storage (CCS) project encompassing the Leman gas fields.

Leman is one of the largest  geological structures in the Southern North Sea sector of the UK Continental Shelf (UKCS) and  offers a mixture of depleted gas reservoirs and saline aquifers in which to permanently store  recovered CO2.  

Leman is connected via pipeline to the PUK Bacton Terminal, which will receive and process  CO2 from various onshore sources and send offshore to inject into reservoir rocks for  permanent geological storage. 

Relevant: Aker BP, Wintershall Dea Land Carbon Storage Licenses Offshore Norway

The project, which has the potential to significantly decarbonise both the East and Southeast  of England, is due to come online by 2029. Initial CO2 injection rates will be circa 1.5 million  tonnes per annum (Mtpa), ramping up to 40 Mtpa, over a 40-year period. 

The project will immediately move into further detailed appraisal of the storage sites and  commence work, with our mid-stream and up-stream partners, to bring the selected concept  to an on-time and on-budget delivery. 

The award of CCS licenses in the UK with Perenco as operator is an exciting milestone,  formalising the start of a new strategic division within the Perenco Group. Based in its London  head office, the new Perenco CCS Department is building a team of diverse competencies  with the goal to assess and deliver these and other opportunities for carbon storage projects  in the UK and internationally.  

Jo White, General Manager Perenco UK, commented: This is a fantastic opportunity to  leverage Perenco UK’s deep experience of gas operations by developing a project that will help  to support the UK’s energy transition, generate highly skilled jobs locally and nationally, and  actively facilitate the government’s NetZero targets. We look forward to working with all  stakeholders to deliver this strategic project.” 

Read more: UK Awards First 20 Carbon Storage Licenses

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