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Birmingham Post
Birmingham Post
Business
David Laister

BP buys into £7b Viking CCS South Humber Bank carbon capture and storage project

BP has bought into a huge carbon capture and storage scheme lined up to serve the South Humber Bank and beyond.

The oil and gas giant has taken a 40 per cent stake in Harbour Energy’s Viking CCS project, in an undisclosed deal described as bringing together two of the most experienced operators in the North Sea to develop the transformational infrastructure.

Set to serve the refining and power cluster at Immingham, seaborne imports and further emitters in the Humber hinterland, Viking was described as a leading contender in the track two cluster sequencing launch late last month. BP takes a non-operating share, with the London-headquartered multinational also a lead player in the East Coast Cluster forerunner, the Humber and Tees development that had the latter element pushed on as part of the same government announcement.

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