Aquaterra Energy, a leader in global offshore energy engineering solutions, has secured a contract with INEOS, one of the world's largest chemical and oil and gas producers, and emergent Carbon Capture and Storage operator. Aquaterra Energy has been contracted to support with the life extension of an existing offshore platform for CO2 injection as part of the Project Greensand CCS development, offshore Denmark.
Greensand is the most mature CO2 storage project in Demark. It aims to store up to 1.5 million tonnes of CO2 per year by 2025, making it a key project in meeting the International Energy Agency’s sustainable development scenario goal of 5,635 megatons of CO2 stored globally per year by 2050. The CO2 will be captured from European emitters and transported to the platform located in the North Sea. It will then be sent underground via the existing offshore platform to be stored permanently in a sandstone reservoir 1,800 meters below the seabed.
Awarded through a competitive tender, the contract will see Aquaterra Energy working with INEOS to support the repurposing of the Nini platform for CO2 injection until 2045. Aquaterra Energy will deploy its expertise in offshore platform structural analysis, brownfield engineering and asset life extension to determine the viability of the structure and guide the implementation of any necessary modifications. The Nini platform represents the initial project stage and will serve as the basis for the adaptations of further nearby platforms, in later phases of the project.
Commenting on the contract win, James Larnder, Managing Director of Aquaterra Energy, stated: 'Project Greensand stands at the forefront of CCS deployment, so this also marks a pivotal moment in our own CCS journey. A key part of Aquaterra Energy’s growth strategy has been leveraging our deep oil and gas expertise to fast-track new offshore energy initiatives and Greensand represents an ideal opportunity for us to continue this. We're excited about the prospects of further supporting the CCS sector, especially as innovative projects like Greensand come online.'
Anne Haase, Renewables Director at Aquaterra Energy, added: 'CCS is set to be a game-changer in the global transition to net zero. Over the past few years, we've been honing our skills and knowledge to really make a mark in the sector. This project is a fantastic opportunity for us to combine our rich offshore heritage and energy expertise to facilitate large-scale CO2 storage. Being a part of Project Greensand is really exciting - it's an ambitious project leading the charge in implementing CCS at the speed and scale we need.'
Source: Aquaterra
