Spirit Energy

Our oil and gas production business and home to MNZ which could become one of the largest carbon stores in the UK and Europe

Spirit Energy is a joint venture with Stadtwerke München (SWM) focused on oil and gas production from existing UK assets to fuel homes and business across the UK and Europe.

Spirit Energy was awarded a carbon storage licence for Morecambe Bay, which has the potential to be the UK’s largest carbon storage hubs.

Spirit Energy Logo

Spirit Energy in Numbers

Walkway At Cygnus Alpha Photo By Mennomulder Lr 1

40

years of production

17

fields in the UK and NL

747mmth

gas production volumes

434

adjusted operating profit (£m)

With a portfolio that is predominantly gas (96%), Spirit provides vital, primary energy that fuels homes and business across the UK and Europe.

Today, Spirit and its 700-strong team, are pushing field life out and pulling net zero forwards, with a focus on meeting and de-risking their decommissioning obligations and exploring strategic energy transition opportunities like carbon capture use and storage (CCUS).

At MNZ our mission is to provide a permanent decarbonisation solution, converting the depleted South and North Morecambe gas fields off the coast of Barrow-in-Furness to provide a permanent, safe and secure carbon storage.