“…Looking forward, coupling EOR projects with CO 2 capture technology is viewed as a potentially effective way to decarbonize the energy sector, while still positively impacting the budget of oil-exporting nations (Shogenova et al, 2021); capturing CO 2 onshore and transporting it offshore to be stored in EOR projects and transferred into underground reservoirs as they get depleted can simultaneously help global decarbonization efforts and reduce energy production costs if carbon capture storage is adequately incentivized (e.g., Mendelevitch, 2014, Oei and Mendelevitch, 2016, Santos et al, 2021. CO 2 -EOR projects are being considered by governments worldwide (e.g., IEA, 2008aIEA, , 2022a, and several pilot projects have been advanced in India (Shackley and Verma, 2008) and China (Hill et al, 2020), with preliminary positive results (N ú ñez-L ópez and Moskal, 2019). A number of recent studies indicate that this technology can also be adequately deployed in the North Sea if fields can share CO 2 pipelines (e.g., Holt et al, 2009, Kemp andKasim, 2013).…”