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Center for North Sea oil expertise set to boost jobs and growth
Date:5/23/2012

the Scottish Government and Scottish Enterprise are providing just over 200,000 over two years, alongside funding by 2C0, to establish the UK's first expertise Centre for CO2-Enhanced Oil Recovery, to take forward this exciting development."

Professor Stuart Haszeldine of the University of Edinburgh, who will lead the CO2-EOR Centre, said: "Our research will provide an independent voice to establish the conditions by which CO2-EOR can be made environmentally, commercially and technically feasible in the North Sea. This aims to sustainably extend and protect jobs in the offshore industries, whilst also enabling a smooth transition to developing low-carbon forms of energy."

Lewis Gillies, Chief Executive Officer of 2Co Energy, said: "Our economy, energy security and environment will get a major boost from harnessing these two inter-dependent technologies. De-carbonising the UK's energy supply will inevitably take decades, but the good news is both these smart technologies are available to us today. CO2-EOR will not only unlock new jobs and growth in Scotland's North Sea oil and gas industry but will transform the commercialisation of UK carbon capture and storage from a long-term ambition to an affordable reality."

David Rennie, Oil and Gas Director at Scottish Enterprise, said: "Our new research has reinforced the fact that CO2-EOR offers significant economic and environmental opportunity for Scotland. With the largest carbon storage capacity in Europe and a competitive advantage in skills and infrastructure from our accomplished oil and gas sector, we have an opportunity to lead the way in commercialising offshore CO2-EOR on an industrial scale. This new centre will become a hub for collaboration across the energy sector to help realise CO2-EOR's true economic potential for Europe."


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Contact: Catriona Kelly
catriona.kelly@ed.ac.uk
44-131-651-4401
University of Edinburgh
Source:Eurekalert

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