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  3. New CO2 Storage

Norwegian Ministry Awards New CO2 Storage Exploration Licence

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Aug 23, 2023
˜ Veronica Khanna

On 18 August, the Norwegian Ministry of Petroleum and Energy granted a new exploration license for CO2 storage on the Norwegian Continental Shelf to Sval Energi, Storegga Norge, and Neptune Energy Norge. Situated to the east of the Sleipner East field in the Norwegian sector of the North Sea, this licence ensures swift progress with stipulated milestones. If the licensees do not execute the storage project, they must return the areas.

Norway champions the cause of carbon capture and storage (CCS) due to its suitable geography for vast offshore CO2 storage. An example of this support is the government's endorsement of the NOK28 billion (€2.43 billion) Longship project, currently in development. This initiative, featuring collaborations like Norcem, Hafslund Oslo Celsio, and Northern Lights, aims the efficient storage of CO2 volumes. The Northern Light segment, a joint venture between Equinor, Shell, and Total, plans a capacity of 1.5 million tonnes/year of CO2 storage for 25 years in its initial phase. The subsequent phase might add an extra 5 million tonnes/year.

Furthermore, Norway is expanding its continental shelf for CCS. The recent allocation, along with others, will be available for other European nations to leverage.

According to Procurement Resource, on 18 August, Norway's Ministry of Petroleum awarded carbon-dioxide storage exploration licenses to Sval Energi, Storegga Norge, and Neptune Energy Norge near the Sleipner East field. Norway, benefiting from its geography, backs major carbon capture projects like the NOK28 billion Longship. Collaborations such as Northern Light aim for extensive CO2 storage, with Norway opening more areas for European access.

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