News from CCS TLM - May 2012

CCS TLM, together with its parent company Tractebel Engineering, is a provider of integrated, expert consultancy, engineering and advisory services to the emerging CCS sector.

In this issue:

INDEPENDENT PROJECT REVIEWS
NEWS
CCS TLM ACADEMY TRAINING:
'Carbon Capture & Storage: A Field-Based Masterclass': 4-6th September 2012

INDEPENDENT PROJECT REVIEWS

As commercial scale CCS projects approach the end of the Front End Engineering and Design (FEED), project sponsors and/or financing agencies will be looking for information to assist them in their decision whether to participate in the construction and operational phases of the project. A Financial Investment Decision (FID) is the expected outcome of a successful project management process.

Since establishing CCS TLM, the management team have performed several Independent Project Review (IPR) giving the project sponsors information about the readiness of the project for FID, and also explore and quantify what options might still remain for improving the commercial outcome for the sponsors.

CCS TLM Limited is a specialist Carbon Capture and Storage consultancy with expertise in the commercial, process engineering, reservoir engineering and project management required to deliver these complex projects.

A key feature of the IPR process is that it examines the entire integrated project, rather than a specific feature. Focused reviews have a place but it is our opinion that a potential investor requires a view across all features of the project to obtain a view of the potential commercial outcomes as balanced by the risks to delivery.

The review process is based on an independent assessment of the risks that would normally be addressed before FID. The extent to which these risks have been addressed is determined by review of the applicable work packages and by discussions with project team members. Understanding the project risks and delivery plans underpin the next phase of the review which is to explore what ways might yet remain to improve the commercial outcomes.

CCS TLM staff have performed a number of similar reviews on integrated CCS projects. Some of these reviews were performed by the founders of CCS TLM in their earlier roles in BP and Hydrogen Energy. Others have been conducted as CCS TLM for various project owners. In all cases the clients have gained valuable insights into their projects that were not available to them until commissioning the review.

If you are a project developer or a potential project financier and are interested in such an independent review/assessment of your project, then please contact us now by email or by calling us on +44 (0) 203 463 8529.

Dewi ab Iorwerth, Head of Business Development

NEWS

Strong interest for CCS Competition

CCSA

The Government has today published a list of companies that have signalled their intention to apply to the new UK CCS competition.

Publication of the list is aimed at encouraging further discussion within the CCS industry to support collaboration between companies and any interested suppliers.

This forms part of the new concerted approach the competition is taking to help stimulate the early development of the supply chain for CCS.

A Department of Energy and Climate Change spokesman said:

"This high level of interest proves that the UK is back on track with CCS.

From the outset, we are working through collaboration with industry to ensure we make CCS a reality and importantly create the maximum return for what is one of the best offers anywhere in the world."

The list covers companies that have indicated that they will lead a bid and not all companies that may be involved in that bid. It is not a list of applicants - the closing date for bids remains 3 July and we don't expect all parties who have expressed an interest to apply. Over the coming weeks DECC will continue to hold meetings with potential bidders to ensure that Government and Industry continue to work together and bidders can submit their best bids possible.

DECC will also be making bidder documentation available in the coming weeks.

For the full news article click here.

DECC commissions CCS Cost Reduction Task Force Discussion Paper

CCSA

DECC commissioned a discussion paper which looks at the scope for cost reduction in CCS in the UK to enable further discussion with industry through the CCS Cost Reduction Task Force.

The work was tackled from three angles, a literature review of existing studies, comparison with practical experience, and bottom up analysis, which identifies the cost drivers acting on the main components for each of the four main capture technologies, pipelines and the two main storage options.

The paper shows the potential for a downward trend in costs, but highlights the uncertainty in both initial costs estimates and cost trajectory.

Paul Bryant, CCS TLM CEO is a member of the CCS CR TF.

For more information click here.

CCS TLM ACADEMY TRAINING

Our 'Carbon, Capture and Storage: A Field-Based Masterclass' taking place on 4-6 September 2012 in Dorset, is being conducted in conjunction with AGR TRACS Training who provide technical and commercial training courses to the oil and gas industry and Dr Bryan Lovell OBE.

The Field-Based Masterclass in Dorset combines the specialised team from AGR TRACS with the academic excellence of NCCCS and the full value chain experience of the CCS TLM team. The course is unique all-encompassing training experience combining classroom sessions, case studies and field visits.

Delegates will follow the path of carbon from extraction from ancient rocks in the subsurface, through eager use by us, to capture and safe storage back in those same rocks. The course will study the spectacular exposures of rocks and real oilfield facilities and data, set in the demanding financial and legal framework of a World Heritage site. Participants will be supported by tuition in the technical essentials as they work through the logic of a full CCS scheme.

There is an early booking discount of 25% for bookings made prior to 3 June 2012. For full information, click here.

More dates are planned throughout 2012 in various locations. We will keep you updated through this newsletter, alternatively please keep checking our website for more details.

Courses are undergoing endorsement by the Geological Society and are supported by Dr Bryan Lovell OBE, Senior Research Fellow in Earth Sciences, University of Cambridge.

Fellows of The Geological Society receive a 10% discount on course fees.

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To book your place or discuss your individual or bespoke CCS training requirements, please call +44 203 463 8529
or email academy@ccstlm.com.