Energean, Shell investigate carbon storage offshore Egypt

Offshore staff

ATHENS, Greece — Energean and Shell plan to jointly explore a carbon capture and storage (CCS) development in Egypt.

The study, which follows a memorandum of understanding, will focus on decarbonization of the Shell-operated LNG terminal in IDKU by capturing and storing the produced CO₂ in a depleted reservoir in the Abu Qir offshore concession in the Gulf of Suez, operated by Energean.

Future development could expand the project to accept CO₂ from other industrial emitters such as fertilizer production.

Energean will apply its experience in designing a CCS solution in a depleted hydrocarbons field that it has operated for many years, mirroring the current process at the Prinos Field offshore western Greece.

02.16.2023