Synergia Energy Ltd UK CCS License Applications (0511E)
27 Junio 2023 - 4:17AM
UK Regulatory
TIDMSYN
RNS Number : 0511E
Synergia Energy Ltd
27 June 2023
RNS Announcement
27 June 2023
AIM: SYN
UK CCS License Applications
Synergia Energy Ltd (the "Company" or "Synergia") is pleased to
provide the following update concerning the award of licenses under
the North Sea Transition Authority ("NSTA") 1(st) carbon storage
licensing round.
NSTA have confirmed that the license application made by
Synergia, CS01_2022_APP25 (Camelot), has been successful. The
license application was made jointly with Synergia's 50:50 partner,
Wintershall Dea, with Synergia as operator.
The award of the carbon storage license marks a significant
milestone for the Company's Medway Hub CCS project.
The Medway Hub CCS project provides for the capture and
transportation of CO(2) emissions from coastal Combined-Cycle Gas
Turbine power stations in liquid form by marine tanker to a
Floating Injection, Storage and Offloading vessel (FISO) from which
the CO(2) would be injected into depleted gas fields and saline
aquifers, which are situated in the UK Continental Shelf, for
permanent sequestration.
The carbon storage license has a work program that incorporates
an appraisal phase comprising seismic re-processing, technical
evaluations and risk assessment, a contingent FEED study leading to
the potential storage license application in 2028 following the
final investment decision ("FID"). The Camelot license also
includes a contingent appraisal well. First CO(2) injection is
anticipated for 2032. The Company's share of the initial work phase
is subject to funding as would be the FID, to be made in due
course.
Synergia's Chief Executive Officer, Roland Wessel, said:
"The Company has been working closely with Wintershall Dea over
the last 12 months to develop the Medway Hub CCS project and
prepare the carbon storage license applications. Synergia is
delighted to have Wintershall Dea as partners in the Medway Hub CCS
project given Wintershall Dea's significant involvement in CCS
projects in Norway and Denmark."
For and on behalf of Synergia Energy Limited
Roland Wessel
CEO
For further information, please contact:
Investor Enquires AIM Broker AIM Nominated Media Enquires
Synergia Energy Novum Securities Adviser (UK)
Ltd B roker Strand Hanson Vigo Consulting
Briana Stayt Colin Rowbury Limited Investor Relations
Investor Relations Email: Nominated Adviser Patrick d'Ancona
Email: crowbury@novumsecurities.com Ritchie Balmer/Rory / Finlay Thomson
bstayt@synergiaenergy.com Tel: +44 20 Murphy Email:
Tel: +61 8 9485 7399 9427 Tel: +44 20 7409 patrick.dancona@vigoconsultin
3200 UK 3494 g.com
Australia UK finlay.thomson@vigoconsulting
.com
Tel:+ 44 20 7390
0230 UK
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END
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