Japan's Sumitomo farms into UK CCS project
UK-based Carbon Catalyst (CCL) has reached an agreement with Summit Energy Evolution (SEEL), a wholly owned subsidiary of Sumitomo Corporation, to farmout a 10% working interest in the Orion carbon storage licence located in the Southern North Sea, it said on November 17.
SEEL joins CCL and licence operator, Perenco, in this decarbonisation project. The farmout agreement is subject to regulatory approval.
Orion marks SEEL’s entry into the UK carbon storage sector. The project consists of two carbon storage licenses, CS017 and CS018, which cover the Perenco UK (PUK)-operated and decommissioned Amethyst and depleted West Sole gas fields.
These fields are the most geographically proximal offshore storage sites to Humberside, the UK’s largest industrial cluster, and are directly connected by pipeline to the PUK-operated onshore Dimlington gas terminal.