Sval Energi, Storegga Geotechnologies, and UK-based Neptune Energy have applied for an offshore carbon storage licence together in Norway’s Trudvang site.
The application follows the announcement last month of a new area in the North Sea for applications linked to the injection and storage of CO₂ made by the Norwegian Ministry of Petroleum and Energy.
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The storage project is situated 165km from the Norwegian shore, east of the Sleipner field. It is at a depth of nearly 850m in the Utsira formation.
The project has the capacity to store up to 225 million tonnes of CO₂ over the ensuing 20 to 30 years.
Sval Energi senior vice-president of sustainability and HSEQ Truls Olsen-Skåre said: “The Trudvang partners have worked jointly since December 2021 to identify, nominate, and apply for this licence. We have undertaken a substantial amount of work already, including subsurface evaluation of the storage complex, and technical and economic assessment of the CCS value chain.
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“This work has shown that Trudvang can be matured into a commercially viable project with safe and efficient carbon storage.”
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By GlobalDataThe Trudvang project will capture and store CO₂ released by numerous industrial companies in Northern Europe, as well the UK.
The companies will ship liquid CO₂ from export terminals to an onshore receiving terminal, through a specially constructed pipeline, to the Trudvang site for injection and permanent storage.
Neptune Energy global head of subsurface, new energy, Pal Haremo said: “The North Sea has great potential as a hub for carbon storage given the availability and proximity of existing infrastructure, depleted reservoirs, and saline aquifers.
Sval is the proposed owner and operator of Trudvang, holding a 40% stake. Storegga and Neptune will own 30% stakes each.
