Neptune Energy will conduct a feasibility study into a large-scale offshore carbon capture and storage (CCS) project in the Dutch North Sea with the potential to safely store 120-150 million tonnes of CO2. The operator will conduct the study in cooperation with license partners and CO2 emitters.
The study will assess feasibility of injecting 5-8 million tonnes/year of CO2 into depleted gas fields around Neptune-operated L10-A, L10-B, and L10-E areas. If the project is developed, it will be one of the largest CCS facilities in the Dutch North Sea and could meet more than 50% of the CO2 reduction targeted by the Dutch industrial sector, the company said.
Neptune already has carried out a 14-year CCS project on its K12-B platform offshore Netherlands, reinjecting CO2 into the gas field in partnership with TNO, the Netherlands organization for applied scientific research.