Energean’s Geoscience and Geology (G&G) team has consistently been active in the European Association of Geoscientists and Engineers (EAGE) conferences. This year, the 5th edition of the EAGE Global Energy Transition (GET 24) Conference & Exhibition placed a particular emphasis on Carbon Capture and Storage. Given that EnEarth promotes the Prinos CO2 Storage Project, we could not miss this opportunity, especially as the conference was held in Rotterdam, one of the world's first operational CCS hubs.
GET 24 provided a cross-industry platform for professionals in this field to connect and share insights on key topics related to subsurface use in support of the energy transition.
Yannis Tsiantis, a member of Energean’s G&G team, presented a technical paper on subsurface modeling for the Prinos CCS project, focusing on assessing near-wellbore effects during CO2 storage in nearly depleted oil fields. He also participated in a dedicated workshop at Panterra Geoconsultants that focused on geological risk assessment for CCS using core material.
Paschalia Kiomourtzi, Energean’s Subsurface Lead in Greece, visited the Porthos project, the first large-scale initiative aimed at storing CO2 in depleted gas fields beneath the North Sea. Porthos aims to store approximately 37 million tons of CO2, with an estimated capacity of 2.5 million tons per year over 15 years.
The final investment decision for Porthos was made in October 2023, and construction of the Porthos infrastructure is set to commence in 2024, with the system expected to be operational by 2026.
EnEarth’s Prinos CO2 Storage Project is part of the Mediterranean CCS Strategic Plan developed by France, Italy, and Greece. With a verified 2C storage capacity of 66 million tons, the project is anticipated to be fully operational by Q4 2028 to Q1 2029, playing a crucial role in implementing the CCS chain in Southern Europe. To date, EnEarth has signed 11 non-binding Memoranda of Understanding (MoUs) with hard-to-abate industries in the region.