New North Sea carbon burial plan announced
Simultaneously an enhanced oil recovery (EOR) scheme and a carbon sequestration experiment, Shell and Statoil announced a plan on Wednesday 8 March, to work together to build an £860 million ($1500 million, €1250 million) gas-fired power station in Norway. The carbon dioxide produced, when the project comes on stream in 2010, will be pumped into two gas fields in the North Sea to improve production.
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