Page 15 - EurOil Week 26 2021

EurOil NEWS IN BRIEF EurOil

reduction opportunities.” UK Oil & Gas awaits drilling FPSO.
Hugo Heerema, CEO of Bluewater A total of four wells are planned to be
said: “We are pleased to have secured this in UK and Turkey as loss drilled with drilling costs making up a
contract extension, which facilitates field significant proportion of total investments in
life extension. This contract extension is a widens the project. The drilling will take place from
win-win for ourselves and our client.” two drilling locations, Gekko Sør and Gekko
Pretax loss widens to GBP1.0mn in the Nord, and the equipment on the seabed
six months that ended March 31, from has been designed with flexibility and the
Shell to serve as technical GBP771,000 a year before. Half year revenue possibility of further developments in mind.
multiplied to GBP721,000 from GBP88,000,

operator at Acorn CCS due to production at Horse Hill field. Horse
Hill was in development during the same
Oil and gas major Shell is taking the role of period the previous year, with oil sales netted Eni and Uniper join in on
Technical Developer for the Acorn Carbon off as exploration and evaluation expenditure. decarbonisation of North
Capture and Storage (CCS) Project in Scotland, Expands international asset base with
the partners in the project said June 29. the Basur-Resan project in Turkey, where Wales
The carbon capture and storage project in assets can be monetised in under a year,
the UK, run by Storegga, Shell, and Harbour rather than three to five years, as in the UK. UK unit of Italian oil and gas company Eni
Energy, includes the CO2 capture project at St Continues with planning applications for UK and German utility Uniper have signed a
Fergus and the transport and storage project gas appraisals Arreton on the Isle of Wight memorandum of understanding (MoU) to
which will transport CO2 offshore from St and Loxley in Surrey. Says gas from Loxley jointly evaluate decarbonisation initiatives in
Fergus through the existing Goldeneye pipeline could provide feedstock for reformation into North Wales.
to the Acorn CO2 Storage Site – a large volume hydrogen-based fuel. Adds, it is currently Eni UK owns and operates the oil and
of sandstone rock, found over 2.5km under the assessing the possibility to turning its UK sites gas fields in Liverpool Bay, feeding gas into
seabed, approximately 100km offshore from St into integrated hybrid energy hubs, including the Uniper’s Connah’s Quay power station in
Fergus. solar, closed loop geothermal, petroleum and Flintshire.
As Technical Developer, Shell will be battery storage facilities. This MoU will support Uniper’s
assuming responsibility for the technical investigations into opportunities for blue
planning and execution of these CCS projects and green hydrogen production at Uniper’s
using its capability and experience in major Aker BP files development site, capturing any carbon produced as a by-
infrastructure developments. product from the process.
“These projects establish St Fergus as the plan for new Alvheim tie- Eni UK will use its infrastructure to
hub for the Scottish Cluster as a key enabler in transport and store the CO2 in Liverpool Bay.
the transition to low carbon energy, and create back The collaboration is in line with the UK
growth potential for future CO2 transportation government’s ten-point plan for the green
and storage,” the partners in the project said. Norwegian oil and gas company Aker BP industrial revolution.
Storegga, through its subsidiary Pale Blue has filed its development plan for the Kobra It will investigate the technical and
Dot Energy, will continue as the Lead Project East and Gekko (KEG) project located in the commercial feasibility to work together on
Developer for Acorn. central part of the North Sea off Norway. future low carbon project initiatives in the
Based at the St Fergus gas terminal in North Aker BP is the operator of the project region.
East Scotland, Acorn CCS plans to repurpose with ConocoPhillips and Lundin Energy as Connah’s Quay facility is ideally located
existing gas pipelines to take CO2 directly to partners. The project will help extend the life for low carbon hydrogen production. It has a
the offshore storage site. of the Alvheim field, increase its production, source of gas from the national transmission
Acorn CCS Phase One would see around and reduce costs. system and is in proximity to the existing Eni
300,000 t/yr of existing CO2 emissions from Karl Johnny Hersvik, CEO of Aker BP, UK pipeline infrastructure.
the St Fergus gas terminal captured, dried, noted that, operationally, Alvheim is among The Eni UK pipeline infrastructure is being
compressed and sent through the Goldeneye the most cost-effective fields in Norway and repurposed to transport CO2. This is as part
pipeline to be injected into the offshore site. that the KEG project represents a new chapter of the HyNet North West project and of Eni
According to information on the project’s in the project’s history. UK’s move into carbon capture and storage
website, the first phase of Acorn CCS offers a The total investment for the project will (CCS).
low capital cost start, that can be delivered by amount to NOK8bn or about $933mn. The This MoU marks the latest in a number of
the mid-2020s – establishing the critical CO2 production is expected to start in the first agreements between Eni UK and companies
transport and storage infrastructure required quarter of 2024. Recoverable reserves are in the North West of England and North
for the wider Acorn build-out including estimated at around 40mn barrels of oil Wales as the company develops its CCS
Acorn Hydrogen and the import of CO2 to St equivalent. business.
Fergus from ships at Peterhead Port and from The project development includes the In May, Eni signed a framework agreement
Scotland’s industrial Central Belt. Kobra East and Gekko discoveries, located in with Progressive Energy to accelerate CCS
The project is funded and supported by production licence 203. It will be developed within the HyNet North West.
industry partners (Storegga, Shell and Harbour through subsea installations connected to the “This means that Preem’s production of
Energy), the UK and Scottish Governments Alvheim FPSO. renewable petrol is an important piece of the
and the European Union. It is led by Storegga’s It is expected that CO2 emissions per puzzle that Sweden must solve to achieve
Pale Blue Dot Energy with Shell now working barrel will be halved and oil production from the climate goals. Our long-term goal is to
as the Technical Developer for the Acorn CCS the Alvheim FPSO will double when KEG produce approximately 5 million cubic meters
Project. enters production. In addition, KEG will of renewable fuels by 2030, which means that
contribute to extending the life of the Alvheim we can reduce carbon dioxide emissions by

Week 26 01•July•2021 www. NEWSBASE .com P15