INEOS Energy today announced the start-up of the electric-driven compressor at the Teesside Gas Processing Plant, which will significantly boost gas flows from the INEOS Operated Breagh Gas Field. The new compressor represents a significant investment that will secure domestic gas supplies for UK homes and industry for years to come, helping to stabilise prices. Electric driven compressors have a lower carbon footprint than the gas alternative, which means that Breagh will remain one of the lowest carbon intensity gas fields in the UK.
INEOS Energy CEO David Bucknall said: “We are delighted to see the electric compressor coming on stream at a critical time for UK gas demand. The project taps into precious North Sea gas reserves with a low carbon intensity and is the kind of investment that is crucial to the energy transition and affordable energy security for the UK.”
The Breagh gas field is operated by INEOS Energy. It is located in the Southern North Sea and was awarded development consent in 2011. It consists of a 12-slot minimum facilities wellhead platform with 11 production wells, a 100km wet gas export pipeline to the beach and a further 11km of onshore pipeline to the Teesside Gas Processing Plant - owned by North Sea Midstream Partners (NSMP) - for processing and delivery of gas into the NTS. The field is a normally unattended installation and has one of the lowest carbon intensities of gas fields in the UK.
ENDS
Press contacts
Richard Longden richard.longden@ineos.com
INEOS Agency ineos@firstlightgroup.io
Notes to Editors
About INEOS Energy
INEOS Energy is the energy division of INEOS, a multinational chemical company that operates across a variety of industries including petrochemicals, specialty chemicals, and oil and gas. The business was established in 2020 to oversee the company's growing portfolio of energy-related businesses, which includes exploration and production, as well as trading of oil and gas.
The company's exploration and production activities focus on onshore and offshore oil and gas assets in the North Sea, in the US, Denmark and USA. In recent years, it has made investments in low-carbon technologies, including Carbon Capture and Storage, and hydrogen.
INEOS Energy leads a consortium which completed the world’s first cross border offshore carbon capture and storage project. The Greensand project has potential sequestration volumes of 1.5 million tonnes of CO2 per year by 2025, increasing to a potential 8 million tonnes of CO2 per year by 2030.
INEOS is also part of a consortium of eleven companies that support the large-scale deployment of carbon capture and storage (CCS) technology in Houston, Texas. The potential storage capacity in the Houston area alone could lead to capturing and safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.
INEOS is involved in several projects to develop demand for hydrogen, replacing existing carbon-based sources of energy, feedstocks and fuel. It expects to develop further partnerships with leading organisations involved in the development of new applications.
The company has also pledged to reduce its carbon footprint and achieve net-zero emissions by 2050.