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The Poseidon Project
Delivering a Carbon Capture and Underground Storage project, with an initial injection capacity of 1.5Mtpa, rising to an ultimate capacity of 40Mtpa, commencing in 2029.
In the North Sea Transition Authority’s (NSTA’s) first competitive Carbon Capture and Storage (CCS) licence round, Perenco UK and partner Carbon Catalyst Ltd (CCL) were awarded a licence to progress The Poseidon Project, a carbon storage project in the Leman gas field. Leman is the largest reservoir complex in the UKCS, located in the Southern North Sea sector of the UK Continental Shelf (UKCS) and offers a mixture of depleted gas reservoirs and saline aquifers in which to permanently store recovered CO2. Ultimate storage capacity, utilising both the BC9 aquifer and the various depleted reservoirs is ~1000Mt.
The field is connected to the PUK Bacton Terminal, which will receive and process CO2 offshore.
The project, which has the potential to significantly decarbonise the East Anglia, Greater London and the Southeast of England, is due to come online by 2029. Initial CO2 injection rates will be circa 1.5 million tonnes per annum (Mtpa), ramping up to ~10Mtpa by 2034, and with further geological potential to peak up to ~40Mtpa, over a 40-year period.
Perenco UK currently operate one of the largest portfolios of gas assets within the UKCS and are ideally placed to leverage the existing infrastructure and capability to deliver a world class CCS operation.
The project will immediately move into further detailed appraisal of the storage sites and commence work, with our mid-stream and up-stream partners, to bring the selected concept to an on-time and on-budget delivery.
Indicative Project Timeline
