by Tina Olivero

    Welltec becomes a key partner in Project Greensand

    On August 9th, the UN Climate Panel published its report that paints a bleak forecast for our climate and signals a ‘code red for humanity’. A summer of floods and fires across Europe, only proving that the climate crisis continues to move closer to our reality. There is an immediate need for measures to effectively reduce CO2 emissions and CO2 capture and storage (CCS) has a critical role to play.

    Project Greensand is one such groundbreaking initiative. It consists of a consortium of 29 companies led by INEOS Energy and Wintershall Dea with the goal to develop a full CCS value chain in Denmark. The ambition is safe CO2 storage in Danish North Sea fields by 2025 and will address 25-40 percent of remnant emissions that must be managed in order to reach Denmark’s ambitious 70 percent reduction target by 2030.

    ”We are very proud to become a central partner for Project Greensand. Through 25 years of providing well intervention and completion solutions to the energy sector, including high concentration CO2 projects, Welltec has built an extensive knowhow within material selection, testing and solutions,” says Mette Fürstnow, Solutions Director, Green Initiatives, Welltec who will lead the well completions design team.

    The testing of the well materials will take place at Welltec’s testing center in Esbjerg, which will boast a newly constructed full-scale CO2 test loop, one of Europe’s largest.

    Welltec’s CEO Peter Hansen sees great potential in the development of wells that can handle the complicated process of storing captured CO2.

    ”The world has significant demand for technologies contributing to solving the climate challenges we are currently facing – particularly within the energy sector which plays a vital role in delivering on CO2 emission reduction targets. It is important for Welltec to take an active role to deliver solutions to CCS projects globally. We have uniquely positioned technologies with a strong track record within oil and gas, providing advanced solutions designed to operate under challenging subsurface conditions. We are already engaged in various CO2 projects and high temperature geothermal applications, we absolutely have a key role to play in CCS too”, says Peter Hansen.

    Source & Images: Welltec

    Tina Olivero

    30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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