Harbour Energy has a leading CO2 storage position in Europe and the UK with net storage resources of over 650 million tonnes of CO2. It offers the potential for long-term and stable cash flows which are complementary to Harbour’s business and provide a diversity of revenue that is not linked to oil and gas prices.
We have continued to mature our operated Viking project in the UK towards a potential final investment decision (FID) alongside the Acorn project in Scotland, while the Wintershall Dea transaction strengthened our pipeline of potential projects, adding CO2 storage licences in Denmark, Norway and the UK.
Located in the UK’s most industrial and emissions-intensive region, with the ability to reuse existing infrastructure and a robust and scalable CO2 storage system close to European markets, Viking is a strategically and cost-advantaged project. Viking aims to transport and store up to 15 mtpa of CO2 by 2035.
The project reached several major milestones in 2025, including the completion of front-end engineering design and the granting of a Development Consent Order for the onshore pipeline. In 2025, we also welcomed the government’s intention to provide development funding for Viking up to financial investment decision.
In Denmark, construction began on our most advanced project, Greensands Future. The project is expected to be operational by early 2027.
Harbour also has an interest in the cost-advantaged, onshore Greenstore CCS project in Denmark, which is being progressed through the appraisal work programme. Harbour has a 40% operator interest, with Ineos as our non-operated partner alongside the Danish state.
A 3D seismic campaign was also launched in Denmark to help chart the aquifer which will be used for CO2 storage at Harbour’s Greenstore onshore project.
Over in Norway, an exploration well confirmed a high-quality reservoir suitable for CO2 injection and long-term storage at Harbour’s Havstjerne licence in the North Sea.
We continued to mature our most advantaged CCS projects while moving to exit less competitive licences in 2025.
Funded by the European Union. Views and opinions expressed are, however, those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.
