LONDON, UK: An agreement has been reached between Harbour Energy and bp to collaborate on the Viking CCS transportation and storage project. Harbour will continue to operate Viking CCS with a 60% interest, while bp will acquire a non-operated 40% share. The Viking CCS project is located in the Humber region and could capture and store up to one-third of the UK Government’s target to store 30 million tonnes of CO2 annually by 2030. Viking CCS has been identified as one of the two leading transport and storage system contenders under the UK Government’s Track 2 CCS cluster sequencing process.

The Viking project has the potential to attract up to £7 billion in investment, create over 10,000 jobs during construction, and contribute an estimated £4 billion of gross value add to the Humber region and surrounding areas.

Harbour and bp already have a shared interest in the Lincolnshire Offshore Gas Gathering System pipeline, which is planned to be repurposed as part of the Viking CCS project. Viking CCS is also connected to a planned new CO2 shipping terminal at the Port of Immingham, which could enable the storage of shipped CO2 from dispersed emitters in the UK and internationally.

A final investment decision is expected in 2024, depending on the outcome of the Track 2 Cluster Sequencing Process. The project could begin operating as early as 2027 and potentially store up to 10 million tonnes of CO2 annually by 2030.

Linda Z Cook, CEO of Harbour Energy, commented: “We welcome the UK government’s recent announcement about the launch of Track 2 and the addition of bp as a partner to this transformational project. Viking CCS has the potential to unlock billions of pounds of investment across the full CCS value chain and is crucial for the UK to meet its emissions reduction targets.”

Anja Dotzenrath, Executive Vice President of Gas and Low Carbon Energy bp, said: “We’re extremely excited to be joining Viking CCS, a project which can play an instrumental role in helping to decarbonise the UK and providing CO2 transport and storage as a service to emitters across industry sectors and geographies, including as a future CO2 shipping destination.”

Louise Kingham, SVP Europe and Head of Country UK for bp, commented: “Our entry into Viking CCS demonstrates bp’s commitment to Backing Britain through substantial investment and helping the country achieve its net zero goals. Viking CCS could help create thousands of new local jobs and enable supply chains that support growth of CCS in the UK.”

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