Technip Energies has been appointed to oversee the front-end engineering design (FEED) phase for the Viking Link Project, which is a significant step forward for the carbon capture and storage (CCS) initiative in the UK.
The company’s responsibilities will include designing the CO2 transportation system, which is crucial for the project’s progress in terms of its overall design, costs, and schedule.
This contract award marks a crucial milestone for the Viking Link CCS Project as it moves closer to a final investment decision (FID) in the first quarter of 2025.
The CCS initiative aims to establish a vital link between the UK and the Southern North Sea in order to transport CO2 emissions for storage, contributing to efforts to reduce greenhouse gas emissions and combat climate change.
Technip Energies‘ involvement in the FEED phase will play a key role in advancing the project and bringing it one step closer to realization.
The Viking Link Project is a major CO2 transportation and storage network being developed in the Humber region, which is the largest CO2-emitting region in the UK.
Harbour Energy stated that the project has the potential to catalyze up to £7 billion of investment in the entire CO2 capture, transport, and storage value chain between 2025 and 2035, as well as to provide an estimated £4 billion of gross value added (GVA) to Humber and its surrounding areas, with an independently verified storage capacity of 300 million tonnes of CO2 in the depleted Viking gas fields.
Once it is up and running, the Viking Link project is expected to be among the most extensive CCS initiatives globally. Its goal is to capture and sequester 10 million tons of CO2 annually by 2030, which is equivalent to around a third of the UK’s CCS objective.