OSLO, Norway — Five companies have submitted applications for CO2 storage areas in the North Sea to the Norwegian Ministry of Petroleum and Energy.
The Ministry announced the available acreage on Jan. 11, with a deadline of Feb. 22 for offers. Awards will follow during the next few months.
The applicants are Equinor, Neptune Energy Norge, Storegga Norge, Sval Energi and Wintershall Dea Norge.
Last month Sval Energi, Neptune Energy and Storegga applied for a CO2 storage license in the Norwegian North Sea. The planned Trudvang area could potentially store up to 225 MM metric tons of injected CO2 over a 25- to 30-year period, they claim, or potentially much higher, based on dynamic modeling.
Also last month, Neptune Energy and CapeOmega said they are working on a potential cross-border CO2 storage service for industrial emitters. NoordKaap would involve vessel transport of CO2 for direct injection at offshore locations and for terminal offloading.
In October 2022, the Norwegian Ministry of Petroleum and Energy awarded the Wintershall Dea Norge/CapeOmega partnership a CO2 storage license in the North Sea. 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.