UK  Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2)  appraisal and storage license in the Southern North Sea to Harbour Energy.  Harbour’s V Net Zero proposal would reuse  depleted Rotliegend gas fields, Viking and Victor, 140 km off the Lincolnshire  coast to store the CO2 9,000 ft below seabed. The project would also  potentially use the Bunter Formation aquifer which could increase its future  storage capacity. 
Harbour  plans initial injection rates of 3.6 million tonnes/year (mtpy), rising to 11  mtpy by 2030. The government’s 2030 carbon capture, usage, and storage (CCUS)  target is 10 mtpy, part of its efforts to reach net-zero greenhouse gas  emissions by 2050. 
V  Net Zero would transport CO2 along a newbuild pipeline from  Immingham to Theddlethorpe, and then reuse existing 120-km Lincolnshire  Offshore Gas Gathering System pipelines to move it to the offshore fields.  First injection is targeted for fourth-quarter 2026. 
The  license requires Harbour to show progress by hitting milestones along the way,  including reprocessing legacy 3D seismic data. It does not convey permission  for development activities including drilling and injection testing. These  require further consents from the OGA.