Energy / EnQuest confirms green future for oil terminal, but details remain sketchy
ENQUEST, the operator of the Sullom Voe Terminal, says it is on track to turn the oil terminal “into one of the largest new energy hubs in Europe”.
According to chief executive Amjad Bseisu, the company is advancing three separate decarbonisation ambitions at the terminal: carbon capture and storage (CCS), electrification and green hydrogen and derivative production.
Announcing the oil and gas company’s full results for 2023 on Wednesday, Bseisu also said EnQuest had reduced its scope 1 and scope 2 CO2 equivalent emissions by 43 per cent and was “significantly ahead” of North Sea transition deal targets.
“Having established our infrastructure and new energy business in 2021, we have now identified and are maturing three discrete and scalable decarbonisation opportunities of carbon capture and storage (‘CCS’), electrification, and green hydrogen and derivative production,” he told shareholders at the London stock exchange.
There is close co-operation with the council-led Orion clean energy project. Its project manager Gunther Newcombe told Shetland News only last month that long-term the ambition was to create 30GW of offshore wind capacity to turn the Sullom region into a green energy hub.
“Our position at the Sullom Voe Terminal (SVT) provides a strategically advantaged, sustainable and tangible basis upon which to further progress each of these opportunities,” Bseisu continued.
“The first step in the process requires the existing site to be repurposed.
“A key enabler in this regard was the group’s success in securing exclusivity from the Shetland Islands Council to progress its proposed new energy opportunities on the Sullom Voe site in March 2022.
“This provides EnQuest with a strong position from which to hold discussions with other potential strategic partners to piece together the component parts of each of the three key opportunities the group has identified.
“EnQuest is committed to transforming the Sullom Voe Terminal to ensure it remains competitive and well placed to maximise its useful economic life and support the future of the North Sea.”
A request by Shetland News for EnQuest to put forward a senior manager for interview to explain in more detail what these plans would entail was declined as the company intends to offer a “full briefing on its plans for Sullom Voe” in the future.
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