Three companies offered acreage for CO2 storage
Carbon capture and storage (CCS) entails capturing, transporting and storing CO2 from sources such as power generation or industrial emissions. Illustration: Finnestad.
8/18/2023 Today, three companies have been offered exploration licences for CO2 storage in one area in the North Sea. The companies are Sval Energi AS, Storegga Noway and Neptune Energy Norway.
The authorities have reviewed applications from five companies following announcement of one suitable acreage in January 2023.
This is the fifth time acreage is being awarded for CO2 storage pursuant to the CO2 Storage Regulations*. These are the seventh acreages awarded for CO2 storage on the Norwegian continental shelf.
See work programme (pdf)
Press release from the Ministry of Petroleum and Energy
*Regulation No. 1517 of 5 December 2014 relating to exploitation of subsea reservoirs on the continental shelf for storage of CO2 and relating to transportation of CO2 on the continental shelf (the Storage Regulations).
Director Communication, public affairs and emergency response
Updated: 8/21/2023