Wintershall Dea will operate the Luna license, 120 km west of Bergen, with a presumed CO2 storage injection capacity of up to 5 MM metric tons per year, and covering blocks 31/4 and 31/7.
Under the three phases of the permit, the partners must
- Take a drill or drop decision on a wildcat/appraisal well during Phase 1;
- Drill in Phase 2, with a possible injection test, and work on concept field development studies; and
- Prepare a plan of development and operation followed either by a final investment decision or dropping the license under Phase 3.
The Norwegian authorities considered applications from three companies. This is the fourth acreage awarded to store CO2 on the Norwegian Continental Shelf (NCS).
In August, Wintershall Dea signed a cooperation agreement with Equinor concerning a carbon capture and storage value chain connecting continental European CO2 emitters with offshore storage sites on the NCS.
The company also plans to build a CO2 hub in Wilhelmshaven—CO2nnectNow—on the German North Sea coast to enable the collection and transport of CO2.