US ExxonMobil to support European carbon capture research

London (Platts)--2Nov2006

US major ExxonMobil said Thursday it would support European research into
carbon capture and storage technology that could help reduce greenhouse gas
emissions.
In a statement ExxonMobil said it would contribute over Eur1 million
($1.3 million) and provide expert technical advice to the CO2ReMoVe project,
sponsored by the European Commission Directorate General for Research.
Over the next five years, CO2ReMoVe will evaluate a range of technologies
to monitor the injection and storage of carbon dioxide from gas streams at the
Sleipner and Snohvit fields in the Norwegian North Sea, at In Salah in the
southern Saharan desert in Algeria and in the German locality of Ketzin.
ExxonMobil shares in the ownership of the North Sea Sleipner gas field
where over 1 million metric tonnes of CO2 have been sequestered each year
since 1998.
The project aims to provide a sound scientific basis for establishing
guidelines for the certification of future sites for CO2 storage.
Along with ExxonMobil, energy industry participants in the CO2ReMoVe
project include BP, ConocoPhillips, Schlumberger, Statoil, Total, Vattenfall
and Wintershall.
Other participants include the International Energy Agency; DNV, an
organization specializing in risk management in the oil and gas industry; and
a number of national agencies and academic research organizations.
The European Union will contribute Eur8 million to the project, with the
balance of Eur7 million coming from the other participants.
The project will be coordinated by the Netherlands Organization for
Applied Scientific Research.

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