CapeOmega has grown quickly to be the largest private gas infrastructure owner on the Norwegian Continental Shelf. This has provided the company a formative position from which to expand, while building on the existing investment mandates and the team’s expertise and creativity. The asset and portfolio strategy of the company is focused on long-term relationships with global leaders, investing in infrastructure that will support global decarbonisation efforts and ensure energy supply.
We invest in the next generation low maritime infrastructure and focus on building long-term relationships with global industrial leaders, to support global decarbonisation efforts and ensure energy supply to the global markets.
CapeOmega’s maritime investments have strong infrastructure characteristics and have created significant further growth opportunities in the company’s low emission LNG carrier portfolio. Additionally, CapeOmega has ambitions to grow into new maritime segments such as e-fuels, ammonia, and CO2 transport. CapeOmega’s approach is to partner up with industry leaders to unlock potential in maritime infrastructure in order to accelerate the Energy Transition.
Image courtesy of Knutsen OAS Shipping
Since 2019, CapeOmega has partnered with Knutsen OAS Shipping, a global leader in LNG shipping, to construct 10 LNG vessels on the back of long term charters to gas majors.
The vessels are two stroke 174,000 cbm liquified natural gas (LNG) carrier vessels. The two stroke gas propulsion engine and air-lubrication system make the vessels the most modern and fuel-efficient LNG carriers in the market today.
Five vessels have been commissioned over the past 2 year, and 5 more are still under construction.
NAME | DELIVERY | IMO NO. | DWT | GROSS RATE/DAY (USD) | CHARTERER | CHARTER EXPIRY | SHIP MANAGER | DETAILS |
|---|---|---|---|---|---|---|---|---|
Bulk Sandefjord | Aug-2019 | 9844590 | 208 000 | US$21,790 + scrubber benefit (1 Dec 2023 – 29 Feb 2024), index-linked + premium + scrubber benefits thereafter | KOCH | DEC-2026 – DEC-2027 | OSM Thome | PDF |
Bulk Sandefjord | Aug-2019 | 9844590 | 208 000 | US$21,790 + scrubber benefit (1 Dec 2023 – 29 Feb 2024), index-linked + premium + scrubber benefits thereafter | KOCH | DEC-2026 – DEC-2027 | OSM Thome | PDF |
Bulk Sandefjord | Aug-2019 | 9844590 | 208 000 | US$21,790 + scrubber benefit (1 Dec 2023 – 29 Feb 2024), index-linked + premium + scrubber benefits thereafter | KOCH | DEC-2026 – DEC-2027 | OSM Thome | PDF |
All of CapeOmega’s fixed gas infrastructure is regulated by the Norwegian State and operated by the Norwegian stated-owned company Gassco. The gas network, the largest of its kind in the world, supplies a significant amount of gas to Europe and the UK.
Image courtesy of Gassco
CapeOmega has a 26.3 %% working interest in the Norwegian gas transport system Gassled. This system consists of ca 9000 km of pipelines, offshore riser platforms, onshore processing facilities and receiving terminals in four European countries.
This investment includes ownership in Norsea Gas GmbH (21%), Zeepipe JV Terminal (12.9%), and Dunkerque Terminal (17.1%).
Gassco is the operator for the system.
Image courtesy of Kvaerner
The process facility at Nyhamna in Aukra municipality in Møre and Romsdal became operational in 2007. Nyhamna was orginially built as a facility for processing and export of gas from the Ormen Lange-Field in the Norwegian Sea.
Aasta Hansteen as the second field linked to Nyhamna. After a considerable upgrade, the facility is capable of handling gas from other fields in the Norwegian Sea, connected to the Polarled pipeline. The export capacity from Nyhamna is now 84 mill scm gas daily.
Nyhamna is owned by the partnership Nyhamna Joint Venture and consist of the following companies: Equinor, Petoro, Shell, Ineo, OMV, North Sea Infrastructure, Total, ConocoPhillips og CapeOmega. CapeOmega share: 18,2 %.
Shell is the Technical Service Provider and Gassco is the Operator for the facility.
Image courtesy of Equinor
CapeOmega has a 28,27% working interest in the Norwegian gas transport system Polarled. It consists of 480 km of pipelines and will tie the Aasta Hansteen platform to the Nyhamna gas processing facility.
All of CapeOmega’s fixed gas infrastructure is regulated by the Norwegian State and operated by the Norwegian stated-owned company Gassco. The gas network, the largest of its kind in the world, supplies a significant amount of gas to Europe and the UK.
Image courtesy of Vajiram & Ravi (https://vajiramandravi.com/)
CapeOmega is working in partnership with RWE and Neptune Energy, amongst others, to develop a Carbon Capture and Storage (CCS) value chain, for evacuation of CO2 from the Netherlands (Noordkaap) and other sites for permanent offshore sequestration in the North Sea. The CCS value-chain project is currently in the Pre-FEED stage and aims to permanently store up to 10 Mtpa of CO2 by 2030. CapeOmega’s focus is on the terminal and maritime transport solution within the value chain.
For more information: CapeOmega, Neptune announce cross-border CO₂ transport & storage development
Image courtesy of Ocean-Power AS
CapeOmega has a 20% working interest in Ocean-Power AS. Ocean-Power AS provides low-carbon intensity offshore electricity aiming to take on build, own and operate responsibilities. Ocean-Power has introduced an offshore power hub, with high efficiency power generation by use of gas turbines combined with carbon capture, resulting in low CO2 emissions.
For more information: Ocean-Power
Image courtesy of Aukra-Aker Horizons
CapeOmega, Shell and Aker Horizons are developing a large-scale production facility for low-carbon (blue) hydrogen at Aukra near the Nyhamna gas processing facility. The Aukra project has the potential of being a key driving force in Norwegian hydrogen export to Europe, and an important contributor to industrial scale decarbonization. Its initial capacity is 2,500 MW (1,200 tonnes hydrogen per day by 2030) resulting in an abatement potential: 4 million tonnes of CO₂ per annum.
For more information: Aukra – Aker Horizons
The process facility at Nyhamna in Aukra municipality in Møre and Romsdal became operational in 2007. Nyhamna was orginially built as a facility for processing and export of gas from the Ormen Lange-Field in the Norwegian Sea.
Aasta Hansteen will be the second field linked to Nyhamna. After a considerable upgrade the facility is capable of handeling gas from other fields in the Norwegian Sea connected to the Polarled pipeline. The export capacity from Nyhamna is now 84 mill scm gas daily.
Nyhamna is owned by the partnership Nyhamna Joint Venture and consist of the following companies: Equinor, Petoro, Shell, Ineo, OMV, North Sea Infrastructure, Total, ConocoPhillips og CapeOmega. CapeOmega share: 18,2 %.
Shell is the TSP for the Nyhamna process facility.
Gassco is the operator for the facility.
Source: gassco.no
Image courtesy of Kvaerner.
CapeOmega has a 28,27% working interest in the Norwegian gas transport system Polarled. It consists of 480 km of pipelines and will tie the Aasta Hansteen platform to the Nyhamna gas processing facility.
Image courtesy of Equinor.
CapeOmega has a 26.322 %% working interest in the Norwegian gas transport system Gassled. This system consist of 8000 km of pipelines, offshore riser platforms, onshore processing facilities and receiving terminals in four European countries.
This investment includes ownership in Norsea Gas GmbH (20.960%), Zeepipe JV Terminal (7.99777%), and Dunkerque Terminal (10.60928%).
Gassco is the operator for the system.
Image courtesy of Gassco
CapeOmega has partnered with Knutsen OAS Shipping, a global leader in LNG shipping, to construct and charter four LNG vessels.
The vessels are M-Class 174,000 cbm liquified natural gas (LNG) carrier vessels with twin propulsion, fitted with MEGI engines, which can achieve speeds of 19kts. The gas propulsion and air-lubrication system make the vessels the most modern and fuel-efficient LNG carriers in the market today.
The vessels are currently under construction in Hyundai Samho Heavy Industries, to be delivered in 2022-2023, and have long-term time charters with Shell.
Image courtesy of Knutsen
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