Abstract This paper presents strategy and structure of “ECCO–European Value Chain for CO 2 ” project. ECCO is a new collaborating project under the 7th framework programme for research of the EU. It was initiated in 2008, with the main objective to facilitate robust strategic decision making regarding early and future implementation of CO 2 value chains in the face of uncertainty. SINTEF Energy Research is coordinator of the project, which has a total budget of 5.35 M€over three years. This is the first project funded by EU having a relevance to oil and gas production through the focus on enhanced oil and gas recovery with CO 2 injection (EOR/EGR).