French-based engineering and technology company Technip Energies has been awarded a front-end engineering design (FEED) contract for the Viking CO2 transportation and storage network.
The contract for the project, developed by Harbour Energy and BP, entails the design of the CO2 transportation system. According to BP, the project has been under development for three years and has now reached the FEED phase.
Once operational, Viking CCS is expected to be one of the largest CCS projects in the world, aiming to capture and store 10m tonnes of CO2 a year by 2030, up to a third of the UK’s target. This could rise to around 15m tonnes by 2035.
With an independently verified storage capacity of 300m tonnes of CO2 across the depleted Viking gas fields, it could potentially unlock up to £7bn ($8.85bn) of investment across the full CO2 capture, transport, and storage value chain between 2025 and 2035, and provide an estimated £4 billion of gross value add to the Humber and its surrounding areas.
Humber is the UK’s most industrialised region and largest emitter of CO2. Viking CCS will reuse existing pipelines and utilise decommissioned gas fields in the Southern North Sea to provide UK industries with a competitive option for the transport and storage of their CO2 emissions.
“The Humber region has long been a global leader in the energy sector, and Viking CCS will help to protect around 20,000 jobs in local industries, while also creating up to 10,000 jobs during construction across all cluster projects,” said Harbour Energy’s Viking CCS project director Graeme Davies.