Investment firm CNR (Cluff Natural Resources) said significant progress has been made in accelerating development of the company’s North Sea gas and UGC (Underground Coal Gasification) assets in the UK.

Work is currently underway alongside Halliburton on a structure which will facilitate and accelerate the drilling of one or more wells on conventional licences in the southern North Sea region.

The oil company is also providing technical and geological assistance in the development of the company’s assets and its Kincardine UGC gasification in the Firth of Forth in Scotland.

In April, the investment company was handed a third licence to tap coal reserves “stranded” in the region.

UCG involves pumping oxygen and water through a borehole to turn the fossil fuel into synthetic gas, which can then be converted into hydrogen, methane, carbon monoxide and carbon dioxide.

Algy Cluff, chief executive, said: “We are delighted with the progress that has been made since the signing of the MOU with Halliburton in February.

“We are excited about the prospect of continuing to develop our strategic relationship with Halliburton with a view to accelerating the development and commercialisation of our assets and look forward to providing further updates in due course.”

CNR already had two licences for UCG in the waterway, at Largo and Kincardine. The Kincardine project, which looks to make use of 247million tonnes of measured and indicated coal in the firth, is the closest to being brought to fruition.

The company also recently announced plans to develop a production test on Kincardine, and previously said it would put £1.4million towards the project following a share placement.

https://www.energyvoice.com/oilandgas/82770/cnr-one-step-closer-to-development-of-coal-gasification-assets-in-scotland/