Chrysaor is the UK’s leading independent North Sea oil and gas group and largest net producer with a diversified portfolio of interests.
In the UK, they produce ~200 mboe/day and operate 14 fields across several hubs including Armada, Everest, Lomond, Britannia, J-Area and the East Irish Sea. Chrysaor owns the Rivers Terminal at Barrow-in-Furness and has non-operated interests in nine fields including Erskine, Schiehallion, Beryl, Elgin/Franklin, Buzzard, Clair, Alder, Nicol and Galleon plus the CATS, ETS and Brent Pipeline Systems and the Sullom Voe Terminal in Shetland. The group also holds 17 licences over 36 blocks in Norway where they continue to pursue exploration opportunities.
Chrysaor aims to run safe and reliable operations, while protecting their people, assets and the environment, and generating profit from within their portfolio. They support an innovative and environmentally-responsible culture with a focus on a low-carbon future.
Chrysaor is committed to the dual challenge the world energy markets face in the future – increasing energy supply to meet growing demand with lower Greenhouse Gas emissions. Key to this is appreciating the context of the business and understanding what they as a company can influence either directly or indirectly, to minimise the use of energy and the emission of gases with global warming potential. All whilst continuing to grow their business.
They acknowledge the statement from the Committee on Climate Change (CCC), that carbon capture, usage and storage (CCUS) is critical to reducing CO2 emissions and meeting the UK’s 2050 emissions reduction targets.
Chrysaor is an early investor in the Acorn Project, which they see as an ideal opportunity to play their part with industry peers. The initiative aims to capture CO2 emissions from the St Fergus Gas Terminal, transporting it offshore for permanent sequestration. Subsequent build-out modules include hydrogen generation.