Qatar and Shell to invest $70m researching carbon storage projects

09 June 2008
Qatar Petroleum is to jointly invest up to $70m with the UK/Dutch Shell Group in researching carbon dioxide storage projects in the Middle East, including the development of potential sites in the gas-rich state.

Shell, which is constructing the most expensive energy project ever seen in Qatar - the Pearl gas-to-liquids facility - says it aims to improve its understanding of carbonate reservoirs, which constitute the vast majority of hydrocarbons reservoirs in the Middle East.

The firms will work together with Qatar’s Science & Technology Park and the UK’s Imperial College to explore boosting recovery of oil and gas, and developing secure methods of capturing and storing carbon dioxide to help reduce the impact of climate change.

Researchers expect to draw up new carbon management plans and processes, and identify suitable rock formations in Qatar which can be used to store carbon dioxide from power stations, oil refineries and other manufacturing plants.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications