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Economic Development

First gas confirmed at Tolmount as significant new North Sea supply emerges at critical time

Harbour Energy estimates upwards of five per cent increase to º£½ÇÊÓÆµ production

Centrica's Easington terminal.(Image: Centrica Storage)

First gas has been achieved at Tolmount in the North Sea, the huge project to be processed at Centrica’s Easington facility in East Yorkshire.

Harbour Energy confirmed the long-awaited milestone, which will increase º£½ÇÊÓÆµ production by five per cent at a vital time for the country.

The announcement came as the company revealed its overall production was up 35 per cent.

Read more: Government asks Drax to keep coal on the back burner as energy crisis continues

Harbour is also behind the huge carbon storage plans off Lincolnshire - a vital element in the bid to decarbonise heavy industry on the South Humber Bank. Further commitments were made to that as the V Net Zero project enters the planning process with an initial consultation on the pipeline. Strong financial performance to underpin such investments was highlighted too.

Linda Z Cook, chief executive, said: “We have had a strong start to the year. Our increased production reflects the addition of the Premier portfolio, improved operating reliability and increased º£½ÇÊÓÆµ drilling activity. The Tolmount field in the º£½ÇÊÓÆµ began production in April and, once plateau levels are reached, the project is expected to increase º£½ÇÊÓÆµ domestic gas production by more than five per cent.

“We continue to invest in high return, infrastructure-led opportunities within our asset base to sustain production while at the same time generating material free cash flow. This together with our robust balance sheet provides us with significant optionality over future capital allocation.

“We are committed to producing oil and gas responsibly. As well as taking action to reduce emissions from our operations, we are very focused on progressing our CCS activities in the º£½ÇÊÓÆµ which include the V Net Zero project in the Humber region and an interest in the Acorn project in Scotland. These projects have the potential to capture and store multiple times Harbour's annual emissions."