We’ve Got You Covered | UK First Carbon Storage License Round

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PGS has excellent data library coverage for evaluating UK Carbon Storage (CS) license opportunities in the southern, central, and northern North Sea. These areas are covered by the UK’s first-ever carbon storage licensing round, launched this week by the North Sea Transition Authority (NSTA).  

Thirteen offshore areas are offered for potential licensing in the southern North Sea, central North Sea, northern North Sea and East Irish Sea, and offer storage reservoirs in a mixture of saline aquifers and depleted oil and gas fields. Picking and developing these sites will be important to the UK’s ambition of providing storage for 20 million to 30 million tons of CO2 per year by 2030. 

The NSTA has published detailed evaluation criteria and is expected to apply a high standard when assessing applications, based on technical and financial criteria. Seismic data will be highly valuable in the bid, for database evaluations, and for planning future work commitments.

“A thorough understanding of the attributes and geology of the areas is essential to pick the best storage locations, manage risk and monitor the site integrity over time, and high-quality PGS seismic data is a great foundation for analysis. Secure carbon storage will be vital to industrial areas around the North Sea to help meet their net-zero goals,” says Sonia Pereira, VP Sales at PGS.

The application window is open for 90 days and closes on 13 September.

Find Out More

PGS offers good data coverage over the new carbon storage areas and the six licenses previously issued. To arrange a data show, or to discuss CS mapping or imaging needs, contact europe.info@pgs.com  

Contact a PGS expert

Please contact a member of our Europe team for more information.