Eight Companies Apply for CO2 Storage Acreage on the Norwegian Continental Shelf
ON&T
Carbon capture and storage (CCS) entails capturing, transporting and storing CO2 from sources such as power generation or industrial emissions. (Image credit NOD)
The Norwegian Ministry of Energy has received applications from eight companies in connection with the announcement of two areas in the North Sea for potential storage of CO2 on the Norwegian shelf.
The Ministry is processing the applications received and plans to award exploration licenses in the second half of 2024.
The Ministry has been contacted by commercial players who are interested in securing the award of specific acreage for CO2 storage.
These areas, which are located in the North Sea, were announced on March 6, pursuant to the (Norwegian) CO2 Storage Regulations. When the deadline expired on April 24, the following companies had submitted applications:
- Aker BP ASA
- Equinor Low Carbon Solutions AS
- Lime Petroleum AS
- Northern Lights JV DA
- OMV (Norge) AS
- PGNiG Upstream Norway AS
- Vår Energi ASA
- Wintershall Dea Norge AS
Source: Norwegian Offshore Directorate
