The Oil and Gas Authority (OGA) recently announced it had awarded a carbon dioxide (CO2) appraisal and storage licence to Eni UK Limited (Eni). The ‘CS licence’, to be located in the East Irish Sea, will allow Eni to consider the reuse and repurpose of their depleted Hamilton, Hamilton North and Lennox fields, along with the associated infrastructure, to permanently store CO2 captured in NW England and N Wales.
Gas2WireVentures has identified a number of similar field clusters, with remaining resources, where the existing infrastructure could be repurposed to similar effect, however with a combined use, for both gas-to-wire and carbon capture and storage operations. Critically, the remaining field resources in these instances can be used to build an attractive and investable business case for implementing the necessary infrastructure changes.
As a simple example, we see three stages at which operators might consider extending the useful life of their field infrastructure…
1. When there are sufficient remaining resources for justified continuation of traditional operations, but management may wish to consider the benefits of GTW and CCS in the near future
2. When remaining resources are depleted to a point where GTW is likely already a more attractive option than continuing traditional operations
3. When resources are already depleted and CCS is an option to extend useful infrastructure life
If we haven’t talked to you already, we encourage operators interested in extending field life, deferring decommissioning and reducing Category 1-3 emissions to get in touch with us to discuss our options.