Wintershall is investing in CCS
Wintershall breaks into UK CCS market
German independent oil and gas firm secures licence to develop storage in Camelot area of North Sea in breakthrough for its growing carbon management business
German oil and gas company Wintershall DEA has broken into the UK CCS market by securing a licence to develop storage capacity in the Camelot area of the North Sea. The Camelot licence, awarded by UK regulator the North Sea Transition Authority, covers a combination of depleted gas fields and an overlying saline aquifer, giving a potential storage capacity of up to 6mn t. Wintershall will hold a 50% stake in the project together with Australia-based Synergia Energy, which will be project operator in the appraisal phase. Access to the UK’s rapidly developing CCS market is a significant breakthrough for Wintershall, which aims to make carbon management a mainstay of its business as it regroups
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