Page 23: of Maritime Reporter Magazine (October 2026)

OFFSHORE CO STORAGE 2 arbon capture and storage (CCS) is moving from a storage or enhanced oil recovery (EOR), as of 2025. collection of demonstration projects toward a new Europe is emerging as a leading market for shared net- infrastructure business. As of July 2025, 734 com- works and offshore storage development – its dedicated

C mercial CCS facilities were in operation or develop- CO transport-and-storage projects doubled between 2023 2 ment, up from 628 a year earlier, while total capture capacity and 2024. To the East, in Asia, CNOOC commissioned in the pipeline increased from 416 million tons per annum China’s ? rst offshore CCUS project at the Enping 15-1 (Mtpa) to 513 Mtpa (64 Mtpa operational) (Figure 1). oil? eld in 2025. The project is expected to inject more The number of operating facilities rose from 50 to 77 than 1 Mt of CO over the following decade for EOR 2 between 2024 and 2025, while 657 facilities were in differ- while increasing crude-oil production by around 200,000 ent development stages in 2025 (Figure 2). tons. To the West, in the Americas, Petrobras’ Santos Basin Commercially, this matters because more projects are pre-salt project provides an established offshore precedent, moving from studies toward physical assets, contracted reinjecting 14.2 Mt of CO into the basin’s pre-salt reser- 2 services, and long-duration operations. voirs in 2024, capturing EOR-associated CO . 2

Together, these developments show a strong ? t between

CCS growth and the existing offshore energy ecosystem. But

Growth Is Shifting Toward for maritime and offshore companies, the opportunity lies

Offshore-Capable Regions less in capture equipment than in what happens after capture.

An independent Intelatus Global Partners review identi-

Depending on the transport mode, CO must be dehy- ? es eight operating facilities and seven facilities under con- 2 struction involving offshore CO injection for geological drated and compressed for dense-phase pipeline transport, 2 or lique? ed, refrigerated, and stored for marine transport. It then requires receiving, injection, monitoring, and long-term stewardship arrange- ments. As storage shifts offshore, ships, ports, pipe- lines, wells, platforms, and subsea systems connect industrial emitters with the reservoir, creating a new offshore value chain and potentially a new commodity ? ow.

Figure 1.

Cumulative operating CCS facilities by region, 1972-2025

Source: Intelatus Global Partners’ interpretation of

Global CCS Institute data.

Figure 2.

CCS facilities project pipeline, year-on-year change, 2024-2025

Source: Intelatus Global Partners’ interpretation of

Global CCS Institute data.

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