Independent oil and gas company, Harbour Energy and energy giant, Bp have announced that they have entered into an agreement to develop the Viking CCS transportation and storage project, the Humber, UK.
Under the terms of the agreement, Harbour will continue as operator of Viking CCS with a 60 per cent interest and Bp will acquire a 40 per cent non-operated share. Located close to the heavily industrialised Humber region, Viking CCS has the potential to meet one third of the UK Government’s target to capture and store up to 30 million tonnes of CO2 a year by 2030.
The announcement follows the UK Government’s recent decision to launch Track 2 of its CCS cluster sequencing process, and its recognition that Viking CCS is one of two leading transport and storage system contenders for this process.
Linda Cook, CEO of Harbour Energy says: ‘We welcome the UK government’s recent announcement about the launch of Track 2 and the addition of Bp as a partner to this transformational project. Viking CCS has the potential to unlock billions of pounds of investment across the full CCS value chain and is crucial for the UK to meet its emissions reduction targets.’
‘We’re extremely excited to be joining Viking CCS, a project which can play an instrumental role in helping to decarbonise the UK and providing CO2 transport and storage as a service to emitters across industry sectors and geographies, including as a future CO2 shipping destination,’ adds Anja Dotzenrath, executive vice president of gas and low carbon energy at Bp.
