Our Project

Veri Energy aims to be a major contributor of carbon storage solutions in the UK.

Veri received four carbon storage licences from the North Sea Transition Authority in May 2023 in the regulator's first UK offshore carbon storage licensing round in locations which are accessible from our existing infrastructure, including the 200km EOSPS pipeline and Magnus offshore platform. 

We are developing up to 10 million tonnes per annum of storage, and in excess of 300 million tonnes of total capacity at our 4 licensed storage sites, ramping up from as early as 2028/2029. 

The availability of the deep-water port and jetties located at SVT, and a pipeline network linked to several well understood offshore reservoirs presents Veri with the opportunity to repurpose infrastructure to import and permanently store material quantities of CO2 from isolated emitters in the UK, Europe or further afield.

Our Key Infrastructure

  • Carbon Storage Licenses

    • Four licences covering Magnus, Thistle (both currently operated by EnQuest), Tern and Eider.
    • Total capacity estimated in excess of 300 million tonnes

  • Offshore pipeline

    • 100% owned by our parent company EnQuest
    • 200km East of Shetland Pipeline
    • capable of transporting in excess of 10mtpa of CO2

  • Deepwater Jetties

    • 4 existing deepwater Jetties
    • Ability to accommodate range of vessel sizes
    • Jetty redundancy to accommodate forecast volumes

  • Magnus Offshore Platform

    • Can be repurposed for carbon storage, with conversion to normally unmanned installation mode and service to host well controls, pressure boosting, water production

  • Magnus Wells

    • Potential to repurpose Magnus wells (still currently drilling).
    • Planning new wells will be required for other storage sites

  • Sullom Voe Terminal Site

    • Brownfield site reduces required civil engineering work
    • avoids need for third party consents for onshore pipelines to connect CO2 export to jetties
    • Control of Major Accident and Hazard certified
    • Existing skilled workforce