Three Companies Offered Acreage for CO2 Storage

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. (Image credit: Finnestad)

Three companies have been offered exploration licenses for CO2 storage in one area in the North Sea. The companies are Sval Energi AS, Storegga Norwary 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.

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