The Norwegian Ministry of Petroleum and Energy has awarded the Trudvang carbon capture and storage (CCS) license in the North Sea to Sval Energi, Storegga, and Neptune Energy. The site has the potential to store 9 million metric tons per year (MMt) of CO2e, which is equivalent to 20% of Norway’s current annual emissions for a period of up to 25 years. Sval Energi believes that the potential figure could be even higher.
The Trudvang reservoir is located 165 km offshore and west of the Equinor-operated Sleipner Field, which is Norway’s longest-serving CO2 offshore storage center. It is situated at a depth of about 850 m in the Utsira Formation.
The planned development involves capturing CO2 from various emission sources in northwest Europe and delivering it to export terminals. From there, the CO2 would be transported via ships or pipelines to the Trudvang location for injection and permanent storage beneath the seabed.
Sval CEO Nikolai Lyngø stated that the company has been working on this opportunity for two years. Neptune Energy’s managing director in Norway and the UK, Odin Estensen, highlighted the potential of the North Sea to become a hub for carbon storage due to its proximity to CO2 emitters and suitable geology. Neptune Energy was recently awarded three CO2 storage licenses in the UK and is progressing its L10 carbon storage project in the Netherlands, aiming to build a portfolio of carbon stores in the North Sea.
This CCS license in the North Sea is a significant step towards addressing Norway’s carbon emissions. By storing a portion of the country’s annual emissions, it contributes to Norway’s commitment to reducing greenhouse gas emissions and transitioning to a low-carbon future. Additionally, the North Sea’s potential as a hub for carbon storage reinforces the region’s role in sustainable energy practices and positions it as a leader in CCS technology.
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