Eni UK awarded carbon storage licence
Oil and Gas Authority (OGA) announced it has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Eni UK Limited (Eni).
The CS licence will cover an area located within the Liverpool Bay area of the East Irish Sea. Under the CS licence, Eni plans to reuse and repurpose depleted hydrocarbon reservoirs (the Hamilton, Hamilton North and Lennox fields) and associated infrastructure to permanently store CO2 captured in NW England and N Wales.
The application for a CS licence was made by Eni in order to help address the decarbonisation needs of NW England and N Wales and aims to be part of a collaborative effort with industrial companies to capture and transport CO2 from existing industries and future hydrogen production sites for fuel switching, heating, power and transportation in the context of UK targets for net zero emissions by 2050.
Eni expects the project to benefit local communities by creating new job opportunities and assist to develop the economy of the area whilst providing a tangible pathway to energy transition and decarbonisation.
Eni has been awarded a CS Licence with a six-year ‘Appraisal Term’, allowing assessments and planning that may lead to a subsequent application to the OGA for a storage permit and the associated approvals required prior to any CO2 storage operations commencing.
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