On 15 September 2023, the NSTA announced the 14 companies that have accepted the 21 awarded licences in the UK’s 1st Carbon Storage Licence Round. The results of the Round saw both an expansion of existing carbon storage projects as well as adding several new projects. Westwood forecasts that if all projects can achieve their proposed timelines and secure a source of CO₂ to inject, then the UK could achieve its 2030 and 2035 targets. However, not every project will progress to a Storage Permit application, some projects will be delayed, while others will under-deliver.
Westwood’s 35-page analytical report provides a full review of the awards and explores some of the key risks and challenges the industry faces.
Contents
- The UK’s 1st Carbon Storage Licensing Round Awards
- Company Awards
- Licence Commitments
- Westwood Comment
- APPENDIX 1: Company / Licence Highlights
- Eni: CS008
- Perenco and Carbon Catalyst: CS009, CS017 & CS018
- Spirit Energy: CS010
- Storegga, Shell & Harbour Energy: CS011 & CS012
- EnQuest: CS013, CS014, CS015 & CS016
- Synergia Energy & Wintershall Dea: CS019
- Neptune Energy: CS020 & CS022
- Neptune Energy & ExxonMobil: CS021
- Harbour Energy & BP: CS023 & CS024
- BP & Equinor: CS025
- Shell & ExxonMobil: CS026, CS027, CS028
- APPENDIX 2: The UK’s CCS Industry
- Disclaimer
Stuart Leitch, New Energies Research Manager
[email protected]
Catherine Horseman-Wilson, Senior Analyst – NW Europe
[email protected]
Alyson Harding, Technical Manager – NW Europe
[email protected]
Emma Cruickshank, Head of NW Europe Research
[email protected]
The report is available to all Atlas and Atlas New Energies subscribers. Non-subscribers can complete the form below or contact [email protected] for information on report pricing and access.
