LONDON — Neptune Energy, Exxon Mobil subsidiary XTO Netherlands, Rosewood Exploration Ltd. and EBN Capital have agreed to collaborate on the L10 offshore carbon capture and storage (CCS) project in the Dutch North Sea.
They aim to reach the concept select stage later this year and to have the project FEED-ready by year-end 2022, followed by submission of a storage license application.
Discussions continue with industrial emitters from various sectors, ahead of the upcoming round for applications for SDE++ funding from the Dutch authorities.
Lex de Groot, Neptune’s managing director in the Netherlands, said the project “supports our strategy to go beyond net zero and store more carbon than is emitted from our operations, Scope 1, and sold products, Scope 3, by 2030.”
This will be one of the largest CCS facilities in the North Sea, he added.
“The reuse of our existing infrastructure means that, together, we can help achieve the climate goals, but also ensure this part of the energy transition becomes cleaner, cheaper and faster," he said.
According to Neptune, this stage of the L10 CCS project could lead to annual subsurface storage for industrial customers of 4 MM metric tons to 5 MM metric tons of CO2 in depleted gas fields around the Neptune-operated L10-A, B and E areas.
EBN’s program manager CCUS, Berte Simons, added, “With our subsurface knowledge and experience on storage, we’ll be able to contribute extensively to the development of this project."
Dan Ammann, president of ExxonMobil Low Carbon Solutions, said, “Carbon capture and storage is a proven, ready-to-deploy technology that can help reduce emissions in some of the highest-emitting sectors and advance society’s net-zero goals.”