• Licence award for Perenco’s Poseidon Carbon Capture and Storage (CCS) project
• Major milestone in project with potential to significantly decarbonise E & SE England

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) 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.

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.”

KeyFacts Energy: Perenco UK country profile   l   KeyFacts Energy: Carbon Capture news