The Goldeneye gas-condensate field lies in the Moray Firth Basin in the UK Continental Shelf (UKCS) approximately 100 km off the NE coast of Scotland. The field was discovered in 1996 as a normally pressured accumulation with estimated gas-initially-in-place (GIIP) of 810 bcf with a thin oil rim in the Lower Cretaceous Captain Sandstone Member in a three-way, dip-closed structure. Field development included five production wells, with first gas achieved in 2004. Goldeneye was steadily produced under moderate aquifer support until cessation of production (COP) in 2010 following water breakthrough at the wells. Over its lifetime Goldeneye has produced 568 bcf of gas and 23 MMbbl of condensate.

Around the time of COP, the UK Carbon Capture and Storage Commercialisation Competition was announced, and Goldeneye was evaluated as a candidate. The removal of significant volumes of hydrocarbons through production left remaining capacity that could be refilled without reservoir pressure significantly exceeding virgin conditions. However, following withdrawal of funding from the UK Government in 2015, the project was put on hold. Since then additional subsurface work has been conducted to support the successful abandonment of the development wells, which had previously been suspended since 2010.