Carbon Catalyst agrees farmout of 10% interest in Orion Carbon Capture and Storage
(CCS) project to Summit Energy Evolution Limited
Carbon Catalyst Limited (CCL) is pleased to announce it has reached an agreement with
Summit Energy Evolution Limited (SEEL), a wholly owned subsidiary of Sumitomo Corporation,
to farmout a 10% working interest in the Orion carbon storage licence located in the Southern
North Sea sector of the UK Continental Shelf. SEEL joins CCL and licence operator, Perenco, in
this strategically advantaged decarbonisation project. The farmout agreement is subject to
regulatory approval.
Orion marks SEEL’s entry into the UK carbon storage sector. The project consists of two Carbon
Storage Licenses, CS017 and CS018, which cover the Perenco UK (PUK)-operated and
decommissioned Amethyst and depleted West Sole gas fields. These fields are the most
geographically proximal offshore storage sites to Humberside, the UK’s largest industrial
cluster, and are directly connected by pipeline to the PUK-operated onshore Dimlington Gas
Terminal.
Henry Morris, Executive Director at Carbon Catalyst, commented:
“CCL is very pleased to welcome SEEL to the Orion CCS project. SEEL not only brings extensive
experience from its former activities in the UK oil & gas sector and leadership of the Bacton
Energy Hub, but also leverages Sumitomo Corporation’s global energy transition activities
across shipping, hydrogen production and transportation, alternative sustainable fuels and
energy transition infrastructure.”