“As we continue to optimise our portfolio, we look forward to enhancing our position as the leading independent gas-focused exploration, development and production company in the region." Energean plans to spend $400-500 million this year.
The company went on to say there may be opportunities in future to take emissions from other sources, such as fertiliser producers.
Screening legacy wells can be more important than 3D seismic when picking storage areas, Elaine Campbell said. “They provide valuable data but they’re also likely to be the highest risk to containment,” the Storegga official said.
In many ways the CCS world with its wells, reservoirs and sealing cap-rocks will be familiar to PESGB members.
Energean has shifted its AGM in London in response to a proposed demonstration around working conditions at its Greek oilfield.
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.