Petrofac unit CO2DeepStore has signed an agreement with Shell UK to re-develop the Goldeneye gas field in the UK North Sea to store carbon dioxide from a power plant in Scotland.

As per the agreement, CO2DeepStore and Shell will work together to develop the potential CO2 storage solution for the ScottishPower Carbon Capture and Storage (CCS) project, one of two contenders in the UK Government’s carbon capture and storage competition.

Petrofac said that work is currently progressing on the initial design phase for the carbon capture and storage demonstration project.

If successful in securing government support, this project will be the world’s first commercial scale CCS scheme to be fitted to a coal-fired power plant.

Shell will be the operator for the storage venture while Petrofac, through its subsidiary CO2DeepStore, will partner the project in addition to providing offshore engineering, modification and operations services to the storage venture through its Offshore Engineering & Operations business.

CO2DeepStore is a UK based company specifically focused on the development and ownership of CO2 transportation and storage assets.