As the Oil and Gas Authority continues to work with industry to develop a single, compelling vision for the UK oil and gas industry, it is important to ensure that the Vision adequately addresses the threats and opportunities created by the transition to a low carbon future.
The ground-breaking Acorn Carbon Capture and Storage Project is set to move forwards after being awarded funding from the EU funding round ‘Accelerating CCS Technologies’ (ACT), part of the ERA-NET programme. Acorn represents an exciting step forwards for CCS in the UK, especially after several false starts over recent years.
The Acorn project, a full chain small scale carbon capture and storage (CCS) project in North East Scotland, has reached another milestone with support from the EU funding round “Advancing CCS Technologies” (ACT), a part of the ERA-NET programme. The project, being developed by CO2DeepStore, has been approved for funding under the programme to progress feasibility studies in 2017 and 2018. Pale Blue Dot Energy is leading the ACT study consortium which also includes Scottish Carbon Capture & Storage, Bellona (Norway), Liverpool University and Radboud University (Netherlands).
On December 12th, Pale Blue Dot Energy signed an MOU with the Guangdong CCUS Centre in China for collaboration on carbon capture and storage (CCS) projects. The agreement provides for the joint evaluation and development of CCS projects in both countries. The MOU also provides for exchange of capability and learning between UK and Chinese project design and development.
The Strategic UK CO2 Storage Appraisal project completed and published in early 2016 by the ETI/DECC confirmed that the UK Continental Shelf (UKCS) is endowed with a rich and diverse national offshore CO2 storage resource that could be mobilised into service readiness without extensive appraisal programmes. This is due to a wealth of prior knowledge arising from decades of petroleum exploration and development activity from commercial and national organisations. Whilst the UKCS hosts many high quality potential storage sites, the ETI project concluded that the UK’s requirements for CO2 storage through to 2070 could be accommodated by the mobilisation and development of just 8 sites. This portfolio of 8 sites spans a range of geography, geological storage types, development timetables and development risk. Further details are provided here.