Published by Todd Bush on June 1, 2023
HONG KONG, May 31, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announces the official commissioning of China's first offshore CCS demonstration project.
The CCS project is an auxiliary part of the Enping 15-1 oilfields development. Enping 15-1 oilfield is located in the Pearl River Mouth Basin, about 190 kilometers southwest of Hong Kong, with an average water depth of approximately 80 meters and has a high carbon dioxide content.
>> In Other News: Bloomberg Introduces New Bloomberg Commodity Carbon Tilted Index
The CCS module can capture and process the CO2 produced from the oilfield and inject the CO2 into the saline water layer at a depth of around 800 meters under the seabed to realize zero emission of carbon dioxide. The successful commissioning of the project demonstrates that CNOOC Limited has a complete set of technology and equipment system for the capturing, processing, injection, sequestration and monitoring of carbon dioxide at offshore oil and gas fields, which fills the gap in China's offshore carbon dioxide storage technology. The project can store over 1.5 million tons of carbon dioxide, equivalent to planting nearly 14 million trees.
Mr. Zhou Xinhuai, CEO of the Company, said, "The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the Company's efforts in increasing reserves and production and pursuing green and low-carbon development. CNOOC Limited will continue to gear up its R&D activities, to promote the green development of offshore oilfields, and explore 'offshore storage of onshore carbon' to provide a new solution of carbon reduction for the high-emitting enterprises in the coastal areas."
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
SOURCE CNOOC Limited
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💰 Cabot Corporation and Partners Selected for $5M in U.S. Department of Energy Grant to Support Continued Advancement of Global Hydrogen Economy ☀️ Eversource Energy Announces Ex...
Inside this Issue 🚌 Ballard Announces Orders for 70 Hydrogen Fuel Cell Engines for Delivery to Wrightbus in 2024 🏭 FuelPositive Announces Completion of Factory Acceptance Testing and Shipping of F...
Inside this Issue ⛽ Air Products Receives Funding to Build Two Large-Scale Hydrogen Refueling Stations in the Region of North-Rhine Westphalia Nordrhein Westfalen ✍️ VINCI Signs a Strategic Partne...
_Grant will support development of innovative, scalable manufacturing processes for producing carbon catalyst supports for fuel cells_ April 18, 2024 09:00 AM Eastern Daylight Time BOSTON--[C...
New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel
WALL, N.J.--Expanding on its sustainability leadership, [New Jersey Natural Gas](https://njng.com) (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), **announced it is switching ...
Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind
BOSTON & HARTFORD, Conn.--[Eversource Energy](https://www.eversource.com) (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreemen...
_Fourteen private sector and university-led projects will support sustainable industrial practices that deliver economic opportunities and a healthier climate for U.S. communities and workers_ *...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.