Predator Oil & Gas Holdings plc said its pioneering CO2 sequestration operations in Trinidad could also be used in Ireland.
The chief executive’s words came as Predator welcomed yesterday’s renewed commitment by the Irish Government to honour existing licences for oil and gas.
The Jersey-based hydrocarbon company has operations in Ireland, Trinidad and Morocco. It focuses on gas and on the sequestration of CO2 for enhanced oil recovery.
Predator has a 50% interest in licensing option 16/26 (Corrib South) together with its partner, Theseus (50%).
“We have pioneered a new era of CO2 injection in Trinidad and de-risked the potential for larger scale CO2 sequestration,” said CEO Paul Griffith.
“Why not Ireland?”
Predator said that all options for energy security in the future that utilised existing oil and gas infrastructure should be explored.
Subsurface oil and gas reservoirs provided a potentially valuable asset for safe CO2 sequestration during the transition to green energy dominance. Predator is currently focused on promoting CO2 sequestration projects in Trinidad.
Mr Griffith added: “With the natural transition to greener energy, it is incumbent on policy makers and regulators to be inclusive, in order to utilise all the available expertise and practical knowledge to develop a workable policy for CO2 sequestration along the way to a sustainable energy future.
“To facilitate such developments Predator will work with regulators, where invited to do so, to promote enabling legislation that facilitates CO2 sequestration.”