Scottish Carbon-Capture Drive to Help Unlock $299 Billion of Oil
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Scotland is targeting a 3 billion-barrel increase in North Sea oil output by using carbon dioxide to push out hard-to-reach energy resources valued at 190 billion pounds ($299 billion).
The Centre for North Sea Enhanced Oil Recovery With CO2, which opened today, will help advance technologies to inject carbon emissions from power plants and industry into aging oilfields to force out crude, according to 2Co Energy Ltd., funding the venture with the Scottish government.