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V Net Zero carbon storage licence granted by Oil and Gas Authority

Harbour Energy secures vital consent for South Humber Bank project that could open up plans for Immingham to be shipping and trading hub

'Gret news for the Humber' - how Phil Kirk, European president and chief executive of Harbour Energy, welcomed the licensing news.

The Oil and Gas Authority has awarded a carbon storage licence to Harbour Energy for its V Net Zero project off the Lincolnshire coast.

The company is overseeing the transportation and storage element of the bid to clean up the South Humber Bank refining sector, with a £500 million plan involving miles of new pipelines and significant infrastructure.

It will follow the route gas was brought ashore, connecting Immingham to Theddlethorpe, from where the existing Lincolnshire Offshore Gas Gathering Systems pipeline would be used to access the Viking Fields below the North Sea.

Read more: How carbon capture can seal the Humber's emergence as the industrial equivalent of Silicon Valley

First injection is targeted for late 2026 - and securing the approval will be a huge boost to the project, currently awaiting the results of the government’s carbon capture and storage cluster sequencing work.

Phil Kirk, president and chief executive at Harbour Energy, said: “The OGA’s decision to grant Harbour Energy a carbon storage licence is great news for the Humber and for the V Net Zero Humber Cluster. It is an essential milestone which comes at an exciting time for the project as we seek to remove more than 50 per cent of existing industrial emissions in the Humber region.

“The V Net Zero Humber Cluster will create and support an average of 6,000 construction jobs between 2024 and 2030 and safeguard over 20,000 regional jobs.

“We look forward to the results of BEIS’s cluster sequencing competition and stand ready to deliver the entirety of Government’s carbon sequestration target by 2030 through the deployment of the V Net Zero Humber Cluster.”