Carbon capture, usage and storage (CCUS) projects: re-use of oil and gas assets
Overview
A consultation on the re use of oil and gas assets for Carbon Capture, Usage and Storage (CCUS) projects.
In the CCUS Deployment Pathway: An Action Plan we committed to complete a process to identify existing oil and gas infrastructure that has the potential for re-use to support the development of CCUS in the UK and develop a policy on this.
We’re seeking views on this infrastructure and on associated policy proposals to:
- introduce a discretionary power for the Secretary of State to remove the decommissioning liability from previous oil and gas asset owners if assets are transferred to CCUS projects
- change policy and guidance documents to encourage owners and operators of oil and gas assets to propose a period of suspension prior to decommissioning
Why your views matter
Audiences
- SMEs (small and medium businesses)
- Large businesses (over 250 staff)
- Multinational businesses
- Trade bodies
- Oil and Gas
- Low carbon technologies
- Investment
Interests
- Industrial strategy
- Oil and Gas
- Energy and climate change
- Carbon capture and storage
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