The alliance of three applies for a license to store carbon dioxide in the North Sea – BusinessPortal Norway

Oslo, February 27, 2023. Neptune Energy Norge AS and Sval Energi AS together with the carbon capture company Storegga Norge AS have applied to the Norwegian authorities for a license to store 225 million tonnes of carbon dioxide in the North Sea. The companies announced this in a joint press release. On January 11 of this year, the Ministry of Petroleum and Energy created the possibility to apply for injection and storage of carbon dioxide in a new area in the North Sea, the so-called Trudvang License. The project has the potential to save up to nine million tons of carbon dioxide₂ annually, which is about 20 percent of Norway’s total annual emissions.

Trudvang is a very interesting concept with the potential to save up to 225 million tons of CO2 over the next 25 to 30 years.₂ Memorizes. Together with our partners Sval and Storegga, we developed the storage application in record time, says Pål Haremo, global head of the new subsurface energy division at Neptune Energy.

The Trudvang project includes carbon dioxide capture₂ By many industrial emitters in Northern Europe and the United Kingdom, liquid carbon dioxide is transported₂ From export terminals to an onshore receiving terminal in southwest Norway and transportation via a purpose-built pipeline to the Trudvang injection site and permanent storage.

Trudvang’s storage license is located in the Norwegian North Sea, east of the Sleipner field and about 200 kilometers from the coast. The storage reservoir is located approximately 850 meters deep in the Utsera Formation.

Commissioning is scheduled for 2029. Sval is Trudvang’s proposed operator with a 40 percent stake. Storegga and Neptun each own a 30 percent stake.