Wintershall hunts for CO₂ storage in Egypt and Argentina

German oil and gas company Wintershall Dea is studying potential offshore carbon storage sites in both Argentina and Egypt as it broadens the scope of its ambitions in CCS beyond Europe. The company has been active in oil and gas exploration and production in both countries for decades and is therefore well placed to identify storage potential.

“We have been screening the Argentinian subsurface to look at what would be suitable CCS storage locations. This work is ongoing, we have not concluded it yet,” chief technology officer Hugo Dijkgraaf said in a first quarter results briefing. In Egypt, the company has also started preliminary screening of potential storage sites.