OEUK supports government plans to create carbon storage “treasure map”

World Oil Staff May 09, 2023

(WO) – The leading representative body for the offshore energy sector, Offshore Energies UK, has responded to government plans to create a “treasure map” of the North Sea’s carbon storage capacity. 

Michael Tholen, Director of Policy and Sustainability, Offshore Energies UK, said, “Deep beneath our waters lies a treasure trove of carbon capture business opportunities. An accurate map of the UK’s potential for this innovative sector will help to nurture a new wave of businesses and jobs.

"Offshore Energies UK produces leading data and analysis that informs the offshore energy sector and the public. We know such data is essential to support the long-term investments and policy needed to ensure the UK remains an attractive place to do business.

"We support this new initiative and the wider aims of the Energy Bill, which is needed to provide the sector with the legislative frameworks to unlock new potential in hydrogen, CCUS and floating offshore wind. We look forward to working with all parties and our members to ensure this exciting new industry is a success.”      

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