BP takes stake in Viking CCS

The project is a ‘leading contender’ for track two sequencing and could take FID by next year

BP has taken a 40pc stake in the proposed Viking CCS project. UK independent Harbour Energy will continue as the network’s operator with a 60pc stake. Viking could potentially capture up to 10mn t/yr of CO₂ by 2030 and will be sited near the Humber industrial region in northern England. Viking was previously cited by the UK government as a “leading contender”, along with the Acorn CCS project in Scotland, to be selected in the recently announced track of its CCS cluster sequencing process. The cluster sequencing process will allocate funding toward meeting an ambition for 20–30mn t/yr of CO₂ storage and four operational clusters by 2030. The UK government had previously selected the Hynet an