Start of UK's first CO 2 injection test for CCS
Following the carbon storage licence award by the North Sea Transition Authority (NSTA) to progress the Poseidon project over the Leman field in the UK Southern North Sea, Perenco UK and partners Carbon Catalyst Ltd and Harbour Energy (The Project Poseidon Joint Venture) are currently conducting the CO2 injection test from the ERDA rig, newly equipped with the injection test facilities. Petrodec's ERDA is the first rig in the UK to have achieved an approved safety case for CO2 injection support.
The start of the test follows months of preparatory work, which included the successful conclusion of the workover of the well, a former gas producer, and entailed a new completion specifically designed for the CO2 injection test.
The CO2 injection test has the potential to unlock the Poseidon Carbon Capture and Storage (CCS) project, which has an initial injection capacity of 1.5Mtpa, rising to an ultimate capacity of 40Mtpa, commencing in 2029. The injection test follows the UK Government's recent pledge of approximately £22 billion for CCS though the funding of two carbon capture sites.
Commenting on the start of the injection test, Jo White, General Manager Perenco UK, commented:
"As the first test of its kind in the UK, today's news is a key moment, not only for Perenco and the wider Project Poseidon Joint Venture, but also for the UK's decarbonisation ambitions. If successful, the project could be a significant store for CO2 in the future, playing a key role in decarbonising industrial emitters and helping the UK achieve its net zero objectives. I would like to extend our thanks for the support to date from the North Sea Transition Authority (NSTA) and congratulate our industry partners, including Petrodec, and the Perenco team in getting the project to this important stage."
Louis Hannecart, CCS Manager, Perenco, commented:
"We are very pleased with the progress of the project to date. This is a groundbreaking test and the results, which are expected in the coming weeks, will enable us to further develop our approach to delivering the Poseidon CCS project. The energy industry is uniquely placed to use its geological and engineering expertise for this important initiative as we move down the path to Net Zero."
Short films
A series of short films following the build up to the injection test can be viewed at Perenco's dedicated CCS website: www.perenco-ccs.com.
About Perenco UK:
Perenco UK is a leading provider of energy to the UK. It has been present in the UK Southern North Sea Basin (SNS) since 2003 and has operated Europe's largest onshore oil field at Wytch Farm since 2011. In the North Sea, Perenco UK processes almost 15% of the production from UK gas fields. It owns and operates the largest infrastructure on the UKCS, comprising 45 offshore platforms, 14 subsea wells, and a network of more than 2,400 km of pipelines connected to its two onshore terminals at Bacton and Dimlington where the gas is received, treated, metered and then exported into the UK National Grid. Perenco UK produces approximately 40,000 barrels of oil equivalent per day, of which approximately 10,000 barrels is from Wytch Farm, in which Perenco UK holds a 95% share. Perenco UK, as part of the UK based Perenco group, adheres to the highest operating standards and supports economic growth and social development wherever it works.
www.perenco.com
Logo: https://mma.prnewswire.com/media/2618542/Perenco_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/start-of-uks-first-co-2-injection-test-for-ccs-302374646.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
05-08-2025
- Yahoo
Halliburton to support NEP's CCS project in UK
Halliburton has secured a contract for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system, part of the East Coast Cluster (ECC) in north-east England. Under this contract, the company will deliver completions and downhole monitoring services. The equipment necessary for the CCS project will be primarily manufactured at Halliburton's UK completion manufacturing facility in Arbroath, Scotland. This facility has been instrumental in backing North Sea operations for more than five decades, offering manufacturing capabilities and on-site product development and testing resources. Halliburton Europe, Eurasia and sub-Saharan Africa senior vice-president Jean-Marc Lopez said: 'Halliburton is pleased to develop and deliver innovative well completions and monitoring solutions for this groundbreaking carbon storage project. 'This project allows expansion of our completions activity and showcases Halliburton's leadership in CCS projects. We look forward to the opportunity to deliver our services to support the NEP project.' The NEP infrastructure is engineered to oversee a CO₂ collection network, onshore compression facilities, a 145-km offshore pipeline, and subsea injection and monitoring systems for the Endurance saline aquifer. It is situated roughly 1,000m beneath the sea floor. The system aims to transport and permanently store up to an initial four million tonnes per annum of CO₂. NEP, established in 2020 as the ECC's CO₂ transportation and storage provider, is a joint venture (JV) comprising Equinor, bp and TotalEnergies. The JV will manage the transport and storage of CO₂ emissions from the industrial clusters of Teesside and Humber. Earlier in the year, Halliburton also secured a five-year contract with Repsol Resources UK to improve the full well life cycle at Repsol's platform assets in the UK North Sea. "Halliburton to support NEP's CCS project in UK" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
04-08-2025
- Business Wire
CommScope to Sell its Connectivity and Cable Solutions Segment to Amphenol Corporation for $10.5 billion
CLAREMONT, N.C.--(BUSINESS WIRE)-- CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today it has entered into a definitive agreement to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation (NYSE: APH). CommScope (the 'Company') is selling its CCS business to Amphenol for approximately USD $10.5 billion in cash, to be paid by Amphenol upon closing. The sale is expected to close within the first half of 2026, subject to customary closing conditions, including receipt of applicable regulatory approvals and the affirmative vote of the shareholders. The vote is required under Delaware law due to the nature and size of the transaction. The Company expects net proceeds after taxes and transaction expenses to be approximately $10 billion. After repaying all debt, redeeming all preferred equity, which is held by global investment firm Carlyle (NASDAQ: CG), and adding modest leverage on the remaining business, the Company will have significant excess cash. The Company expects to distribute this excess cash to shareholders as a dividend within 60 to 90 days following the closing of the proposed transaction. The exact amount and timing of the dividend will be determined by the Company after closing and after taking into account all relevant factors. "I'm excited to announce this transformational deal that unlocks equity value, returns cash to our shareholders and strengthens our remaining businesses,' said Chuck Treadway, CEO, CommScope. 'ANS and RUCKUS will continue to stay focused on what matters most—our shareholders, customers, employees and other stakeholders. In our ANS and RUCKUS businesses, we will continue to develop the next generation of network connectivity. CommScope's CCS business is positioned to continue to perform well under Amphenol's leadership.' The release will be followed by a 4:30 p.m. Eastern conference call in which management will discuss the transaction and second quarter 2025 results. The live, listen-only audio of the call will be available through a link on the Events and Presentations page of CommScope's Investor Relations website. The webcast replay will be archived on CommScope's website for a limited time following the conference call. Advisors Evercore is acting as financial advisor to CommScope. Alston & Bird LLP are acting as legal advisors to CommScope. CommScope and the CommScope logo are registered trademarks of CommScope and/or its affiliates in the U.S. and other countries. For additional trademark information see All other product names, trademarks and registered trademarks are property of their respective owners. About CommScope CommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world's most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what's next and invent what's possible. Discover more at Follow us on Twitter and LinkedIn. Sign up for our press releases and blog posts. Additional Information about the Proposed Transaction and Where to Find It This communication may be deemed solicitation material in respect of the proposed sale of the Company's CCS business to Amphenol. In connection with the proposed transaction, CommScope will file with the SEC and furnish to CommScope's stockholders a proxy statement and other relevant documents. This communication does not constitute a solicitation of any vote or approval. Stockholders are urged to read the proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed transaction or incorporated by reference in the proxy statement because they will contain important information about the proposed transaction. Investors will be able to obtain free of charge the proxy statement and other documents filed with the SEC at the SEC's website at In addition, the proxy statement and CommScope's annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge through CommScope's website at as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. The directors, executive officers and certain other members of management and employees of CommScope may be deemed 'participants' in the solicitation of proxies from stockholders of CommScope in favor of the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders of CommScope in connection with the proposed transaction will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. You can find information about the Company's executive officers and directors in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and filed on February 26, 2025 and in its definitive proxy statement filed with the SEC on Schedule 14A on March 24, 2025. Forward Looking Statements This communication includes certain statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views with respect to future events and financial performance. These forward-looking statements include all statements that are not historical facts, and are generally identified by their use of such terms and phrases as 'intend,' 'goal,' 'estimate,' 'expect,' 'project,' 'projections,' 'plans,' 'potential,' 'anticipate,' 'should,' 'could,' 'designed to,' 'foreseeable future,' 'believe,' 'think,' 'scheduled,' 'outlook,' 'target,' 'guidance' and similar expressions, although not all forward-looking statements contain such terms. This list of indicative terms and phrases is not intended to be all-inclusive. These forward-looking statements are subject to various risks and uncertainties, many of which are outside our control, including, without limitation, the occurrence of any event, change or other circumstances that could give rise to the termination of the purchase agreement; the inability to complete the proposed transaction due to the failure to obtain stockholder approval for the proposed transaction or the failure to satisfy other conditions to completion of the proposed transaction, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks related to disruption of management's attention from the Company's ongoing business operations due to the transaction; the effect of the announcement of the proposed transaction on the Company's relationships, operating results and business generally; the risk that the proposed transaction will not be consummated in a timely manner; exceeding the expected costs of the transaction; our dependence on customers' capital spending on data, communication and entertainment equipment, which could be negatively impacted by a regional or global economic downturn, among other factors; the potential impact of higher than normal inflation; concentration of sales among a limited number of customers and channel partners; risks associated with our sales through channel partners; changes to the regulatory environment in which we and our customers operate; changes in technology; industry competition and the ability to retain customers through product innovation, introduction, and marketing; changes in cost and availability of key raw materials, components and commodities and the potential effect on customer pricing and timing of delivery of products to customers; risks related to our ability to implement price increases on our products and services; risks associated with our dependence on a limited number of key suppliers for certain raw materials and components; risks related to the successful execution of CommScope NEXT and other cost saving initiatives; potential difficulties in realigning global manufacturing capacity and capabilities among our global manufacturing facilities or those of our contract manufacturers that may affect our ability to meet customer demands for products; possible future restructuring actions; the risk that our manufacturing operations, including our contract manufacturers on which we rely, encounter capacity, production, quality, financial or other difficulties causing difficulty in meeting customer demands; our substantial indebtedness, including our upcoming maturities and evaluation of capital structure alternatives and restrictive debt covenants; our ability to refinance existing indebtedness prior to its maturity or incur additional indebtedness at acceptable interest rates or at all; our ability to generate cash to service our indebtedness; the ability to recognize the expected benefits of the sales of the OWN segment and DAS business unit and Home business (the Transactions), including the expected financial performance of CommScope following the Transactions; the effect of the Transactions on the ability of CommScope to retain and hire key personnel and maintain relationships with its key business partners and customers, and others with whom it does business, or on its operating results and businesses generally; the response of CommScope's competitors, creditors and other stakeholders to the Transactions; potential litigation relating to the Transactions; our ability to integrate and fully realize anticipated benefits from prior or future divestitures, acquisitions or equity investments; possible future additional impairment charges for fixed or intangible assets, including goodwill; our ability to attract and retain qualified key employees; labor unrest; product quality or performance issues, including those associated with our suppliers or contract manufacturers, and associated warranty claims; our ability to maintain effective management information technology systems and to successfully implement major systems initiatives; cyber-security incidents, including data security breaches, ransomware or computer viruses; the use of open standards; the long-term impact of climate change; significant international operations exposing us to economic risks like variability in foreign exchange rates and inflation, as well as political and other risks, including the impact of wars, regional conflicts and terrorism; our ability to comply with governmental anti-corruption laws and regulations worldwide; the impact of export and import controls and sanctions worldwide on our supply chain and ability to compete in international markets; changes in the laws and policies in the United States affecting trade, including the risk and uncertainty related to tariffs or potential trade wars and potential changes to laws and policies, that may impact our products and costs; the costs of protecting or defending intellectual property; costs and challenges of compliance with domestic and foreign social and environmental laws; the impact of litigation and similar regulatory proceedings in which we are involved or may become involved, including the costs of such litigation; the scope, duration and impact of disease outbreaks and pandemics, such as COVID-19, on our business, including employees, sites, operations, customers, supply chain logistics and the global economy; our stock price volatility; income tax rate variability and ability to recover amounts recorded as deferred tax assets; and other factors beyond our control. These and other factors are discussed in greater detail in our 2024 Annual Report on Form 10-K and may be updated from time to time in our annual reports, quarterly reports, current reports and other filings we make with the Securities and Exchange Commission. Although the information contained in this press release represents our best judgment as of the date of this release based on information currently available and reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. Given these uncertainties, we caution you not to place undue reliance on these forward-looking statements, which speak only as of the date made. We are not undertaking any duty or obligation to update this information to reflect developments or information obtained after the date of this press release, except to the extent required by law.
Bloomberg
03-08-2025
- Bloomberg
Amphenol Nears Deal to Buy CommScope's Broadband Unit, WSJ Says
Amphenol Corp. is nearing an acquisition of CommScope Holding 's broadband connectivity arm in a deal valued at roughly $10.5 billion including debt, the Wall Street Journal reported on Sunday, citing people with knowledge of the matter. CommScope was exploring a sale of the business — known as CCS — as part of efforts to repay debt, Bloomberg reported in May.
