G R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher OfferG R Direct - Free Dishwasher Offer
Tuesday 23 July 2024
 11.2°C   NW Light Breeze
Ocean Kinetics - The Engineering Experts

Energy / Successful carbon storage licence applications ‘kickstart a new industry for Shetland’

Sullom Voe Terminal. Photo: BP

SULLOM Voe operator EnQuest has secured the offer of carbon storage licences – with the terminal set to be used to import liquid CO2 before it goes offshore.

The licences were given out in the first round of UK carbon sequestration licences issued by the North Sea Transition Authority (‘NSTA’).

Carbon capture and storage involves taking CO2 emissions from industrial processes, transporting it via a ship or pipeline and storing it underground offshore.

It is seen as a major component of the drive to net zero.

The successful licence offers are within application areas, known as Northern North Sea 1 and Northern North Sea 2, are some 99 miles northeast of Shetland and include fields currently operated by EnQuest – Magnus and Thistle – as well as the non-operated Tern and Eider fields.

These sites are large, well characterised deep storage formations connected by existing pipeline infrastructure to the Sullom Voe Terminal.

There are also proposals from EnQuest to produce hydrogen at Sullom Voe Terminal in the future.

EnQuest CFO Salman Malik said: “We are delighted to have successfully secured the offer of licences to develop our carbon storage business in the North Sea, utilising the Sullom Voe Terminal to import liquid CO2 from isolated emitter clusters in the UK, Europe and further afield.

“EnQuest has plans to develop a low-cost carbon megastore that will initially be capable of storing 10 million tonnes of carbon dioxide a year.

“Our vision is that geological formations in this area will ultimately be capable of permanently storing more than one billion tonnes of CO2.

“With our comprehensive operational knowledge of the North Sea and our extensive infrastructure operations, EnQuest is uniquely placed to maximise the potential of these geological reservoirs as cost-effective and efficient carbon stores, servicing emitters from Scotland, the rest of the UK, Europe and beyond.”

Become a supporter of Shetland News

 

EnQuest CEO, Amjad Bseisu added: “Our initiative presents a significant opportunity to transition oil and gas skillsets, leveraging EnQuest’s core capabilities and assets to deliver a just transition for the sector including new economic opportunities backed by education and skills training.

“As we build a low-carbon, sustainable economy essential for the well-being of future generations, EnQuest’s carbon storage proposition provides a vital service for areas where liquid CO2 is the solution, helping EnQuest achieve beyond net zero as a goal for its carbon footprint and helping the UK and Scotland achieve their national net zero targets.”

EnQuest said it has been working closely with SVT landlord Shetland Islands Council in developing its plans for carbon storage.

SIC chief executive Maggie Sandison said: “The successful offer of these licences gives a green light to Shetland’s ambition to make a major contribution to global decarbonisation, and kickstarts a new industry for Shetland offering new opportunities for our highly skilled workforce.”

Plans were released recently highlighting how EnQuest plan to reduce the size of existing terminal infrastructure to make it fit for purpose amid much lower production rates.

The company said this would then free up space for new energy opportunities.

Become a supporter of Shetland News

Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.

Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.

Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has  over 600 supporters  who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.

Your contribution will ensure Shetland News can: -

  • Bring you the headlines as they happen;
  • Stay editorially independent;
  • Give a voice to the community;
  • Grow site traffic further;
  • Research and publish more in-depth news, including more Shetland Lives features.

If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.

 

Newsletters

Subscribe to a selection of different newsletters from Shetland News, varying from breaking news delivered on the minute, to a weekly round-up of the opinion posts. All delivered straight to your inbox.

Daily Briefing Newsletter Weekly Highlights Newsletter Opinion Newsletter Life in Shetland Newsletter

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Your Privacy

We use cookies on our site to improve your experience.
By using our service, you agree to our Privacy Policy and Cookie Policy.

Browser is out-of-date

Shetland News isn't fully functional with this version of .
Head over to the help page for instructions on updating your browser for more security, improved speed and the best overall experience on this site.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Become a supporter of Shetland News

We're committed to ensuring everyone has equitable access to impartial, open and quality local journalism that benefits all residents.

By supporting Shetland News, you play a vital role in ensuring we remain a pivotal resource in supporting the community.

Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.