Worley’s consulting business Advisian has secured a contract from BP to advise on a pair of projects central to the decarbonisation cluster in the north east of England.
The contracts will see Advisian act as the lenders’ technical advisor (LTA) for the Net Zero Teesside Power (NZT Power) scheme and the Northern Endurance Partnership (NEP).
With up to 860 MW of capacity, NZT Power is billed as the world’s first commercial-scale, gas-fired power station with carbon capture, and is being developed as a joint venture between operator BP and Equinor.
It will share CO2 transport and storage infrastructure with the NEP – a group comprised of BP, Eni, Equinor, National Grid, Shell and TotalEnergies – which will gather and compress CO2 from NZT Power and other regional sources and export it offshore sub-surface storage in the Endurance carbon store.
The infrastructure forms a major component of the East Coast Cluster scheme to decarbonise industrial emissions around the Humber and Teesside.
Advisian will work to assess both projects’ technical risks, propose mitigation measures where required, and assist prospective lenders in all technical aspects in support of BP’s bid to secure financing.
The company said it has already assembled subject matter experts from a range of industrial sectors, including carbon capture technology, alongside its project finance advisory team to execute the contract.
As the LTA, Advisian will support lenders though its multi-year contract period, which will spans an initial due diligence period for the projects leading up to financial close.
This will then be followed by periodic project reviews for the lenders through EPC execution, performance testing and the operations phase.
“It’s time to convert thinking into action and we must act now if we want to unlock our decarbonization ambitions and provide energy security,” said the consulting group’s vice president for EMEA, Steve Mabey.
“Technologies such as CCUS hold the power to achieve this through enabling more options to lower carbon emissions and accelerating the pace that we deliver energy transition infrastructure.”
Two consortia are currently preparing FEED work for the power scheme, after which they will also prepare more detailed engineering, procurement and construction (EPC) proposals for the execution phase.
BP intends to make a final investment decision (FID) on the scheme in 2023, at which point a single group will be selected to take the project forward into construction.