The Goldeneye gas–condensate field lies in the Moray Firth Basin of the North Sea and illustrates the potential for further field life after the normal end of production. It was discovered in 1996 in a three-way dip-closed structure in the Lower Cretaceous Captain Sandstone. Five development wells were drilled from a single production platform and first gas was produced in 2004.

The field pressure decline indicated partial aquifer support and no compartmentalization. Approaching the end of production, the opportunity arose to propose Goldeneye as a store for CO₂. The cap-rock seal was capable of containing gas and the removed hydrocarbons left a significant volume that could be refilled without raising pressures above original conditions. The field's good reservoir properties were favourable for injection, the wellstock and infrastructure were modern, and CO₂ sources were available close by.

The different requirements of a storage project called for a detailed understanding of the overburden to guard against possible leak paths and to identify secondary containment. Furthermore, greater understanding of the aquifer was needed as it limits storage volumes through its impact on reservoir pressures. Updated interpretation, analysis and modelling demonstrated that Goldeneye is an excellent potential CO₂ storage site, which gives it a possible second span of life helping to offset UK CO₂ emissions.