Operator Synergia Energy is looking for a new partner for its 6.5mn metric tonnes/yr Medway Hub Camelot carbon capture and storage project following the withdrawal of 50% partner Harbour Energy. The project had been part of Wintershall Dea’s portfolio, which is now owned by Harbour following the September completion of the takeover.
Synergia said late November it was committed to the project which is being progressed through the regulated work programme and solid progress is being achieved. Harbour Energy’s decision to withdraw from the CCS Project is seen as part of a rationalisation of its CCS portfolio, Synergia said.
Subject to NSTA approval, Synergia will own all of the project and seek to identify a replacement joint venture partner. It said it remained committed to progressing the project through to commercial operations and that it was “pleased with the technical work undertaken to date on the project, which has reinforced its potential long term value to shareholders.”
Stock exchange statement: Medway Hub Camelot CCS Project Update – 16:00:00 28 Nov 2024 – SYN News article | London Stock Exchange
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